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Big 3 Unveil Big Plans Before Bailout Hearings

Law360 (December 2, 2008, 12:00 AM EST) -- After taking a pounding for having no plan to move forward, the Big Three automakers all released business plans Tuesday outlining changes to product lines and cost-cutting measures, ahead of congressional hearings later this week on a potential bailout of the U.S. auto industry that could top $30 billion.

As their CEOs hopped in their hybrids to head to Washington, Ford Motor Co., General Motors Corp. and Chrysler LLC all hyped their coming lines of hybrid, electric and flex-fuel cars; promised cuts in production costs; and...
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