5 Years Later

5 Years Later log

About this Special Report

'5 Years Later' is an occasional series looking back at the industry's collapse of 2008-09.


5 YEARS LATER

Inside GM's path to survival

12:01 am U.S. ET | June 2, 2014
Five years ago this week, General Motors Corp. -- long a symbol of America's industrial might -- sought bankruptcy protection. Work on what would become the bankruptcy road map began within GM before outgoing President George W. Bush kept the automaker alive with a first round of U.S.... Read More »

5 YEARS LATER

May 2009 timeline: Slide to GM bankruptcy

12:01 am U.S. ET | June 2, 2014
A look back at the events of May 2009.... Read More »

5 YEARS LATER

April 2009 timeline: Cruel month

12:01 am U.S. ET | April 28, 2014
A look back at the events of April 2009.... Read More »

A look back at the Wagoner legacy

12:01 am U.S. ET | March 31, 2014
Rick Wagoner's forced departure from General Motors five years ago this week took some getting used to. He had been at or near the pinnacle of power at GM for 17 years. For eight years he was the company's CEO. Then, suddenly, it was over.... Read More »

2009 Timeline: March massacre

12:01 am U.S. ET | March 31, 2014
A timeline of the events that made up the industry collapse... Read More »

JAMIE LAREAU

Rick Wagoner: Amiable introvert in extrovert's job

12:01 am U.S. ET | March 31, 2014
General Motors' former CEO Rick Wagoner was undoubtedly the Sisyphus of the auto industry.... Read More »

DAVE GUILFORD

An alpha exec hemmed in by GM's massive troubles

12:01 am U.S. ET | March 31, 2014
Sometime in the prior decade I was part of a bleary-eyed band of journalists arriving in Tokyo during a General Motors press trip.... Read More »

CHARLES CHILD

Cheesey key told a sad story

12:01 am U.S. ET | March 31, 2014
What I recall about the Rick Wagoner years boils down to a key.... Read More »

FIVE YEARS LATER

A slightly different take on GM's discredited CEO

12:01 am U.S. ET | March 30, 2014
For nearly 17 years Richard Wagoner was either in command and control at GM or else part of a tiny klatch of executives running the company. Not since Alfred Sloan had one executive held so much power for so long at GM.... Read More »

5 YEARS LATER

GM, Chrysler bounce back from the brink

12:01 am U.S. ET | Feb. 24, 2014
General Motors' comeback from near-collapse has been faster and stronger than most experts believed it could be.... Read More »

5 YEARS LATER

2009 timeline: February meltdown

12:01 am U.S. ET | Feb. 24, 2014
A timeline of the events that made up the industry collapse.... Read More »

5 YEARS LATER

The end of the Jobs Bank, a symbol of excess

12:01 am U.S. ET | Jan. 27, 2014
Perhaps nothing did more to damage the reputation of the UAW -- and the U.S. automakers that employed its members -- than the Jobs Bank, a program that paid excess workers to do nothing all day.... Read More »

2009 TIMELINE

January blues

12:01 am U.S. ET | Jan. 27, 2014
A look at events during a busy January in 2009... Read More »

5 YEARS LATER

2008 Timeline: Dark December

12:01 am U.S. ET | Dec. 16, 2013
A 2008 December calendar full of deadlines and disappointments.... Read More »

5 YEARS LATER

From 'lifeline' to 'worst' fear: How the rescue was viewed

12:01 am U.S. ET | Dec. 15, 2013
The U.S. Treasury Department's sale last week of its final shares of GM stock hasn't erased controversy over the bailout that gave Treasury a stake in the nation's biggest automaker. As reader comments on Web stories about the sell-off show, the bailout remains a sore point with some Americans.... Read More »

VIDEO: Nov. 21, 2008 – D3 critique

2:00 pm U.S. ET | Nov. 15, 2013
Historic images and sound bits from when CEOs of General Motors, Ford and Chrysler testified before Congress to make a desperate appeal for government aid to avoid bankruptcy, captured by Automotive News TV.... Read More »

VIDEO: Nov. 20, 2008 – Lawmakers demand action plans

2:00 pm U.S. ET | Nov. 15, 2013
Historic images and sound bits from when CEOs of General Motors, Ford and Chrysler testified before Congress to make a desperate appeal for government aid to avoid bankruptcy, captured by Automotive News TV.... Read More »

VIDEO: Nov. 19, 2008 – House grills CEOs

2:00 pm U.S. ET | Nov. 15, 2013
Historic images and sound bits from when CEOs of General Motors, Ford and Chrysler testified before Congress to make a desperate appeal for government aid to avoid bankruptcy, captured by Automotive News TV.... Read More »

VIDEO: Nov. 18, 2008 – Mulally's dire prediction

2:00 pm U.S. ET | Nov. 15, 2013
Historic images and sound bits from when CEOs of General Motors, Ford and Chrysler testified before Congress to make a desperate appeal for government aid to avoid bankruptcy, captured by Automotive News TV.... Read More »

VIDEO: Nov. 17, 2008 – Previewing a historic week

2:00 pm U.S. ET | Nov. 15, 2013
Historic images and sound bits from when CEOs of General Motors, Ford and Chrysler testified before Congress to make a desperate appeal for government aid to avoid bankruptcy, captured by Automotive News TV.... Read More »

CRASH FLASHBACK

On the air: Bob Lutz, Mike Jackson, and more offer perspectives on the crash

12:01 am U.S. ET | Nov. 4, 2013
Automotive News sat down with key industry insiders and our own editors to talk about what it was like during this dark period for the automotive industry.... Read More »

CRASH FLASHBACK

Gales of November

12:01 am U.S. ET | Nov. 4, 2013
The global financial crisis made November 2008 a month to remember.... Read More »

CRASH FLASHBACK

Sykora: 'This is your life'

12:01 am U.S. ET | Nov. 4, 2013
Texas dealer Annette Sykora testified at the congressional hearings in which Detroit 3 CEOs faced hostile questioning.... Read More »

CRASH FLASHBACK

Lutz: 'A huge missed opportunity'

12:01 am U.S. ET | Nov. 4, 2013
To this day, former GM Vice Chairman Bob Lutz feels the combination would have been a winner.... Read More »

CRASH FLASHBACK

Lombard: 'GM was blowing through cash'

12:01 am U.S. ET | Nov. 4, 2013
'You knew the way GM was blowing through cash that they were going to run out of cash.'... Read More »

CRASH FLASHBACK

Leuliette: 'It was hell on wheels'

12:01 am U.S. ET | Nov. 4, 2013
In 2008, Tim Leuliette was CEO of Dura Automotive. Earlier that year, the supplier had emerged from Chapter 11 bankruptcy protection.... Read More »

CRASH FLASHBACK

Sprague: 'There are still customers'

12:01 am U.S. ET | Nov. 4, 2013
Michael Sprague, Kia Motors America's executive vice president of marketing, had only been with the brand for a few months before the crisis — which Kia saw as an opportunity. It was one of only three brands to increase U.S. sales in 2009.... Read More »

CRASH FLASHBACK

LaSorda: 'Whole deck of cards' folded

12:01 am U.S. ET | Nov. 4, 2013
Tom LaSorda, then-president of Chrysler, was working with owner Cerberus to try to sell Chrysler — which he says was churning cash until the bottom fell out.... Read More »

CRASH FLASHBACK

Krafcik: 'We were hurting'

12:01 am U.S. ET | Nov. 4, 2013
Hyundai Motor America CEO John Krafcik says cash-flow problems quickly hit the brand's dealers — and Hyundai itself.... Read More »

CRASH FLASHBACK

Jackson: 'Teetering on the brink'

12:01 am U.S. ET | Nov. 4, 2013
Mike Jackson, CEO of the AutoNation dealership group, says Detroit 3 bosses thought they had time to fix their business model. Some were wrong.... Read More »

CRASH FLASHBACK

De Koker: 'The worst moment'

12:01 am U.S. ET | Nov. 4, 2013
Neil De Koker joined GM in 1962, when insiders were shooting for 60 percent of the U.S. market. Nearly a half century later, as head of the Original Equipment Suppliers Association, he was in Washington, watching GM CEO Rick Wagoner and his peers petition Congress for bailout funds.... Read More »

CRASH FLASHBACK

Corker: 'Bankruptcy was the best route'

12:01 am U.S. ET | Nov. 4, 2013
U.S. Sen. Bob Corker jumped into the debate on the federal bailout of General Motors and Chrysler.... Read More »

CRASH FLASHBACK

Cannon: Credit 'was essentially frozen'

12:01 am U.S. ET | Nov. 4, 2013
Mercedes-Benz USA CEO Steve Cannon recalls how the crisis threatened his brand, which might have seemed insulated from Detroit's problems. Cannon was head of Mercedes' marketing in 2008.... Read More »

'Hell on wheels,' five years later

2:21 pm U.S. ET | Nov. 3, 2013
Five years ago this week, the unthinkable became a screaming headline: General Motors, for most of its centurylong existence the symbol of American industrial might, announced it was about to go broke.... Read More »

Special Report
Fewer bosses, Disney savvy, $2 idea lift stores

Fewer bosses, Disney savvy, $2 idea lift stores

A Chrysler Group dealership chain is stripping away layers of management to sell cars faster. A Chevrolet-Cadillac store is enchanting customers through Disney training. Mon., July 21
» Watch the Video
     
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