i am a retiree for general motors.t i wanted to say about the company, i am thinking that we talked about the government owning 60%. my idea is this, because i am a retiree, i am afraid that if the republicans get back in there in 2012, i really believe that general motors will be completely wiped out. this is what they wanted to do in the beginning. they do not want an american auto company and they definitely do not want general motors because of the union. host: can you quickly tell us what you did at general motors, what you build, and if your benefits changed at all when general motors went into bankruptcy and put down majority ownership. so i work ought -- work at a plant in mansfield. people that hear me know what i'm talking about. i was a production worker. 10 years ago before i retired i worked as a union representative. i have since retired. i was afraid during the bankruptcy, really nervous. but i did not have anything change. now every time that i get my pension check i look at them to see if anything has

general motors still owes the government... shouldn't say owe, because they were given the bailout free and clear. they've paid back a small loan that they had to pay back. but there is about $45 billion in tax payers' money that is ride on this initial public offering. that means that general motors will be selling stock again. and so what we really need to see is a couple of things. general motors has to sell the stock. people have to want to buy it. the price has to go up. and then they also have to come out with new vehicles like the chevrolet volt that we just saw in your piece. that has to be a success. they have been talking about that car now for several years. and if there are any problems with the volt, there may be people saying look, we gave them all this money for nothing. i don't think general motors believes that but people will be watching to see what its performance is. >> woodruff: martin bailey, let's broaden this out. we did see in this economic report today that business investment was growing. they said by

general motors began taking orders for the car today on its website. tony disalle, the volt's marketing director, expects the car to electrify the automotive industry. >> the reason why we're so confident about it is that a customer can buy a volt, drive gas and emissions free, save on average-- per our calculations-- about 500 gallons of fuel per year versus a gas-powered only 30-mile-per-gallon vehicle, and not have to sacrifice their day- to-day lifestyle. >> tom: disalle was likely talking about the other electric car, the nissan leaf. unlike the volt, it does not have a gas engine. the leaf will go up to 100 miles on a charge. nissan said today 17,000 people have placed orders so far in the u.s. deliveries start in december. interesting trade nonetheless. consumer stocks really weaker while investors were looking for safety. let's begin with consumer disrediscretionary stocks falling. office depot seeing a flat year. the utility stocks were pretty strong, staging a bit of a breakout. with the rally with this utility, e.t.f. s fund is now behind it

general motors alone, sales soared 49% this year.e car manufacturers are making inroads in the marketplace. cecilia hatten reports. >> reporter: with names like geely, byd, you might not know they're some of china's top automotive companies, but detroit certainly does. >> these are companies that no one heard of ten years ago, that today are getting a lot of international attention. >> reporter: the chinese market is a bright spot on the balance sheets of u.s. automakers. where buying american is a good investment and a status symbol. for the first time ever, gm has sold more cars in china than the u.s. during the first half of this year. but future demand and untapped markets has foreign and chinese entrepreneurs seeing dollar signs. 64 million vehicles crowded china's streets last year, but over 200 million cars will jam onto those roads by 2020. so, to meet that demand domestic companies are embracing the communist government's push for leaner, greener vehicles. they're fast-tracking r&d in hopes of erasing their past reputation f

general motors, of course, has gone kaput. as far as flint goes, very few jobs left there now.jobs left in the state of michigan with general motors, but it is a sad story that has hit many towns across thus k country. >> larry: you could get up to $1 million in state subsidies for making capitalism a love story in michigan. given the film's critique of government handouts to the rich, is is hypocritical of you to take their money? >> yes. it would be. that's why i'm not talking it. in fact, what i did was i set it up so that the -- the tax rebate money doesn't two to hollywood, doesn't go to me. 100% of it for the film i made here in michigan is going to go to the people in michigan. we sat up a non-profit here that's going to help depressed downtowns in the state of michigan who have, for instance, closed down movie theaters who want to re-open them, to try to stimulate the local economy. we're going to be announcing that project here, the state theater project, here at the film festival this week. we know the millions of dollars that's helped here, the jobs it created in tra

general motors starts taking orders today on its website. delivery will begin in certain regions earlier this year to compensate for the least purchased $32,000.70 -- $32,000 nissan vehicle. gm will try to lure drivers with attractive lease offers." for democrats, 202-737-0002. for republicans, 202-737-0001. by the way, you can join the conversation online at [applause] -- at journal@c-span.org or twitter.com/c-spanwj. again, you can see the comparison of the differences between the $41,000 for the chevy volt and for the nissan. we will get your calls in a moment. this from "the new york times," "u.s. military chief is pressing the iraqis to end the deadlock to the rest in securities gains. nearly five months after the elections in march ended without a decisive leader, the leaders of political blocs are divided over staying in power for a second term. many politicians say that the impasse could extend after more than seven years of war, reducing the number of troops to more than 50,000 by the end of august. " another energy related story th

. >>> bay areas drivers are among the first in the nation to get the chance to by general motors new electric car. the volt runs on battery power for as much as 40 miles. after that a small gas engine generates electricity giving the car another 3700 miles. it will be sold in california before being released to other states. the new car is expected to cost less than $33,000. >>> fans got a chance to see the nissan bell along with other vehicles at the san jose convention center. it's part of the plug in 2010 conference. plug in 2010 runs through thursday. >>> a san francisco family's plan to generate wind energy in their own front yard is generating opposition. the miller family has applied for a permit to supply a wind turbine in their yard. that's in the park neighborhood near twin peeks. a number of nearby residents oppose the plan arguing the plan is not designed for the neighborhood. there's one private windmill in the area already. the city council will take a vote at the public hearing in the next few weeks. >>> what might be a boom to whale watchers might be a warning. boaters

all about two of the board members of general motors. he ordered the elimination of 3,400 car dealerships. why? because his car czar and his people in the white house had some offbalance idea that if you eliminate dealerships you can sell more cars. now, you know, i come to this office with, i think, maybe a gift of the commonsense that -- common sense that comes from the midwest and i'm sure it exists in all of the rest of the country, too, but here's what we know where i come from. if you want to manufacture widget, especially if you invent a widget, but if you want to manufacture them, let's say you go in your little shop and you create and manufacture a wind chill et and you decide, i can make these things pretty good and i can mass produce them even. so now i want to sell them. what would you do? simple. you go to the county fares, you go to all the county fares and you would -- fairs and you would show these widgets and you'd say, you should be a franchisee. i want to let you be my dealer and you can take this widget home with you,

he will visit the chrysler and general motors plants, a new white house report claims that the $60 billion auto bailout saved a million jobs. the administration has added 65,000 jobs but republicans say taxing businesses is not going to help stimulate the economy. >> they are serious about their manufacturing agenda why would we want to raise taxes on manufacturers when we want their jobs to remain in america. they don't get t pure and simple. >> the government has actually invested $85 billion in the auto industry, 60 billion from the obama administration and about 25 billion by president bush. >>> the tsa says people are still trying to take banned items through airport security. you will see some of them coming up. >>> a south bay city will have fewer firefighters in just a few hours. we will show you where some of the layoffs are happening, coming up. >>> plus, police arrest a man taking a gun into a hospital. find out what he's cuesed of doing when with that guonce he that gun oncee gets inside. ts i >>> a frightening nike at oakland children's hospital, a man walks in and pulls a gun

a report says the treasury department failed to consider the job losses from general motors and chryslerwning the dealerships. however, the treasury says its actions avoided a potentially catastrophic collapse. >>> and ford is looking to revive suv sales with a new fuel-efficient explorer. t"the wall street journal" is revealing that unvill unveil a vehicle later this month. it made the vehicle significantly lighter and a smaller engine. gas prices are soared a few years ago. >>> at the movies a dream opening weekend for the latest leonardo dicaprio movie. "inception." the movie is about a dream that sneaks into people's dreams. "despicable me" opened second. >> when we come back on this monday, the latest on zsa zsa gabor, she's having major surgery to >>> and the golf season's major championship goes to a south african on a very significant day fo e'll be >>> a state of emergency has been declared in eastern kentucky after flash flooding killed at least two people over the weekend. >> one woman died when she was swept away by high waters. the other victim was leaning off a bridge and t

. >>> elsewhere, general motors getting back into the credit business, agreeing to buy subprime auto lender americredit for $3.5 billion. reports say later today kenneth feinberg, the obama administration's executive compensation czar, will name 17 financial companies that doled out excessive bonuses to the tune of $1.6 billion after accepting billions of dollars of taxpayer aid. >>> consumers union charges over the past decade, blue cross and blue shield stockpiled a surplus of billions of dollars and yet continue to hit consumers with double-digit premium increases. >>> and, finally, after earning $730 million and selling more than 30 million dvds, the "guinness book of world records" is recognizing "the saw" movie series as the most successful horror movie franchise of all time. >>> a marlins walk-off homer, the orioles' walk-off ejected, and a-rod nears a historic milestone. >>> plus, ichiro may be best known for his bat, but he is not bad with a glove either. your early morning sports headlines are straight ahead. >>> in weather, we're going to talk about bonnie. we're also goin

general motors announced it will hit dealerships in november at $41,000. now, bob redell is at the plug-in conference. $41,000, this is a lot of money for a chevy, no matter what it does. >> reporter: but it does come with a lot. right here what you're looking at, scott, is standard in what would be the new chevy volt. we've got tony sitting in the driver's seat. the one thing that struck me when i was in the car a few days ago, you've got the touch screen technology, but the technology that you have here. this new type of, what do you call it? >> compasstive switches. the volt comes standard with a seven-inch color cluster and a seven-inch color touch screen with compasstive switches and a full navigation system, standard with the chevy volt. >> reporter: let's say i'm looking at the chevy volt, looking at the nissan leaf. your guy's range is 340 miles, that's with the generator kicks in. their range is 100 miles, they don't have the generator. your price point difference is about eight grand more. why would i buy your cars over theirs? >> with the chevy

. >> susie: general motors hopes to drive up sales by financing more of them.today, it agreed to buy sub- prime auto lender americredit. g.m. hopes the $3.5 billion deal will make it more competitive. the price for americredit: $24.50 a share in cash, a 24% premium over yesterday's close. g.m. says car deals have been left on the table in the last year because buyers couldn't get financing. by adding americredit, it hopes to help buyers with less-than- perfect credit. sub-prime customers buy two of every five cars sold in the u.s. >> tom: g.m. also is busy gearing up for the rollout of its first mass-produced electric car, the chevy volt. many other vehicle makers are also launching electrics, and some cities are getting ready. erika miller checked out new york city's first charging station, and whether it could help spark sales of plug-in vehicles. >> reporter: it's not yet attracting cars, but it sure is attracting attention. this four-foot-tall, thin electric car charger is the first of its kind in new york city. well, that's not exactly true, there's anothe

. >>> a former general motors engineer and her husband have been charged with trying to steal trade secretshe automaker. the couple allegedly copied thousands of documents about gm's hybrid technology. and then, tried selling them to a chinese rovel. gm estimates the value of the stolen information at $40 million. >>> in today's "usa today" tech report, a look at dell's new tablet computer. the company started taking orders for the streak this week. it has a five-inch screen. it also doubles as a phone. "usa today's" ed baig thinks it may have trouble catching on. >> it will appeal to people who are thinking about this as a good, portable tablet for maps. for watching video, that sort of thing. you're not going to think about it, at least in a good way, if you're thinking about this as your smartphone. i just don't think this is the way to go, if you're thinking phone first. >> and you can read ed's full review on usa toad.com. >>> the iphone's reception problems have been well-documented. last week, the company said it would give out free bumpers to fix the problem. but apparently, that's

that's when general motors will file the paperwork to go public, according to reuters. the automaker reportedly wants to complete its i.p.o. before november's general elections, trimming down uncle sam's $50 billion ownership stake. experts say a g.m. public offering could be the largest ever domestic i.p.o., bigger than the current record holder, visa. its public offering two years ago almost topped $20 billion. >> tom: disgraced media mogul conrad black is staying in the u.s. for now. a federal judge today ordered him to surrender his passport, nixing his hopes to return to his native canada. black was bailed out of prison wednesday after serving part of a 6.5-year sentence for defrauding investors in his company, hollinger international. that conviction is now being re- examined. the judge wants black to come up with details on his finances before he can travel to toronto. a fragile economic recovery has investors too focused on the worst-case scenario, so says tonight's "market monitor." he's ernie ankrim, senior market advisor for russell investments. he joins us fr

how will that help chrysler and general motors make a profit?> senator it is counter intuitive and indeed in our report we took a sample market but the dealership that was eliminated was that that sold aha is. >> more chrysler's debt and the other serious but for every objective criteria was the highest with the best performing dealer and chrysler was up front and said the reason they got rid of him is that he had in his agreement the ability to prevent other chrysler dealerships from selling jeeps within a certain radius. he did not play ball so they got rid of him. we heard the story over and over and to research an extent on the gm side with lack of documentation on the chrysler side the ability two over appeal that has been termed. >> let me ask the last question. this is of follow-up on the aig waiver that i asked earlier professor warren. do either of you or have you looked at the latest giveaway in the form of aig legal rights touse do? to make the indicators of financial performance and the ability to restructure fell off with businesses

. >>> there was some sticker shock where general motors revealed the price of its new electric car.e chevrolet volt will start at $41,000 when it goes on sale in november. but a federal tax credit cuts the place by $7,500. it's also cheaper to charge the car than fill it up with gas. >>> an investment of $45 could earn as much as $200 million for a california construction worker. ten years ago, rick norsegon bought old negatives at a garage sale. he thought they looked like the work of ansel adams. experts confirmed that's what they are. part of a collection believed destroyed in a fire back in 1937. >> a pretty big payday on those. >>> coming up next on this wednesday, police arrest a mom for drunk driving after her daughter calls from inside the car. >> wow. >>> and the performance by an unlikely pair. >>> now, for a look at your morning road conditions. flooding on i-80 from des moines to detroit. and on i-90 from cleveland to buffalo. slick on i-95 in the carolinas, georgia and florida. wet roads along the gulf coast and texas. and flooding in the southwest and rockies. >> and i

general motors that segment of the middle class is still struggling some more sales are russian orders have risen twenty percent this year price waterhouse coopers says the main driver has been the cash for clunkers program which has been more successful than expected it's clearly been very effective the question is how long the program will last and whether there will be any modifications to the program at the moment it's aimed really at the cheapest cons in the market it's possible that the program could be modified to target say the new modern cars that have been produced by russian producers in alliance with foreign partners to cash for clunkers program together with import duties on foreign calls boosted the share of mystic manufactures in the russian market to sixty four percent this year p.w. c. believes the russian water market still has tremendous potential for growth at the moment for every one thousand people there are two hundred thirty five because more developed markets the figure is two or three times greater. business. let's take a quick look at the stock markets in rus

. >>> general motors has put a price tag on its new electric car. the volt will cost $41,000. but a federal tax credit will shave about $7,000 off that price. chevrolet is already taking orders for the volt, which runs on battery power with a small gas engine for backup. the official launch date is in november. >>> and you may want to take your mother's advice and remember to sit up straight, especially during a job interview. a careerbuilder survey finds bad posture could sink your chances of landing a new job. the survey of 2500 hiring managers finds body language mistakes like bad posture and a weak handshake could hurt you in a job interview. betty, remember, eye contact at all times. >> that's right. that's right. and sitting up straight. okay, i have to remember that. my mom always gets on me about that. all right, thank you, joining us live in new york. >>> just ahead on the morning news, the exodus from arizona ahead of a controversial immigration law. >>> plus, condi and the queen of soul, aretha franklin and condoleezza rice for a special concert. franklin and condol

. >> couric: in its long ride on the comeback trail, general motors stopped today to make a purchase.t paid $3.5 billion for ameri credit, a company that makes car loans to people with poor credit. it's risky, but it's one way g.m. is trying to boost sales here in the u.s. meanwhile, it's doing a booming business in china. in fact, sales so far this year are up 49%, well over a million vehicles. but celia hatton in beijing tells us g.m. is facing growing competition now from chinese car makers. >> reporter: with names like geely, chery, b.y.d., you might not know they're some of china's top automotive companies, but detroit certainly does. >> these are companies that no one heard of ten years ago that today are getting a lot of international attention. >> reporter: the chinese market is a bright spot on the balance sheets of u.s. auto makers. they're buying american as both a good investment and a status symbol. for the first time ever, g.m. has sold more cars in china than in the u.s. during the first half of this year. more than 1.2 million cars rolled off g.m. lots in china versus

fund-raising trail in new york, president obama is headed to michigan today where he will visit general motors and chrysler, he is going to the plants. the white house is making a push for the auto bailout to be seen as a success. gm and chrysler received a total of $60 billion from the federal government. the white house warned that over 1 million jobs would have been lost without the bailout. 55,000 new auto workers have been hired since, though the industry did lose over 330,000 jobs between june of 2008 and june of 2009. back to you. >> thank you very much, courtney. >>> las vegas attracts millions of tourists every year, many of them from northern california, but many are making a stop in a most unlikely part of town to see the city's newest stars, the pond stars. chuck henry from our l.a. station takes the tour. >> reporter: bright lights, big city las vegas, the gambling capital of the world, but the hottest, newest tour tourist attraction in sin city is not a posh hotel or a hip nightclub or even a sold out vegas show. this building is the most popular and the most unexpected tourist a

list of the scientific papers if you like but alexander was i just quoted you know i'll write general motors out of it just any other wheels run out of time saying we're going to seal sales are a very very lively articulate way thanks to my guests today in oxford new york and los angeles and thanks to our viewers for watching us here at r.t. see you next time and remember cross talk rule. and. every month we give you the future we hope you understand how we'll get there and what tomorrow brings the best in science and technology from across russia and around the world join us acknowledging update on our g hungry for the full story we've got it first the biggest issues get a human voice face to face with the news makers. forest fires ripped through central russia killing dozens and leaving thousands more homeless join me later for more. also this hour floating fear emergency crews rushed in a desperate search to retrieve thousands of barrels of highly poisonous chemicals from a chinese river which could reach russia in just two weeks. john and spirit more criminals didn't seem to be going bac

. >>> hewlett packard has just won a contract from general motors.t will include network, work place, and mainframe work place. the deal extends a 25-year relationship between the two companies. >>> for the first time, an american auto maker plans to sell a hybrid for the same price. they'll sell their lincoln skz at the same price. analysts say that could lead other lawmakers to follow suits. >>> more news still ahead, in fact, how far would you travel to see a san francisco giant's opening game? next year, fan loyalty maybe put to the test. well, good morning to you, welcome back. time now, 5:55. a morgan hill attorney convicted of money laundering. he accepted two checks from a company called silicone valley resale. the prosecutors say the checks were money from a sale of equipment stolen. the jury took three days to decide they were guilty. she'll be sentenced in october. >>> the owner of san francisco restaurant is planning new security measures for this mannequin. it was stolen three years ago. it was part of a mannequin of baseball legend left

. >>> general motors has set a price for its new all electric car. chevrolet's volt will have a price of $42,000, but it qualifies for a federal tax credit. gm says it will offer a three year lease which includes gm's on star service. the first cars are expected to hit the roads by the end of the year. >>> plans to expand wal-mart in antioch triggered hours of debate. we'll tell you what officials decided. >>> plus, plans to crack down on [trumpet playing "reveille" throughou reviving the economy means reinventing the way we do business. here's to the owners showing us the way. [trumpet playing "reveille" fades to silence [ kid 1 wanna know somwe love summertime fun!s? ...wearing our favorite colors... ...and jamming to our favorite bands! ♪ but we love eating totino's the most. we live for fun... ...friends... [ both ...and best of all... [ all ...our favorite... ...eating totino's! ♪ we're the kids in america ♪ oh, oh, oh ♪ we're the kids in... >>> we'll have a live report from southern california to get an update on a wildfire that has already des

general motors is tying it's future to chevy volt. $41,000 for the vehicle.d federal and state tax credits costs will drop. it's charges on 110 or 220 volts and comes with bells and whistle autos standard screen-based navigation, bose. five years of onstar. >> there is dealer dealers taking orders for tax credits down to 20,000s ndz california prompting some to think twice about high bridz. >> from my perspective going to earo emissions is the goal. we decided to short cut this energies and many directions for the future. >> leaders recognize drivers worry about limited range of the cars. and it can go 100 miles on a charge. the volt goes 240 miles with the help of a generator. >> for those getting nervous every time gas gauge dipz below half there are plug in high bridz. so there is different options. >> there is moving ahead for change s stations. and is urging development of the cars and what he she sees is close to a tipping point. >> there is a real and available and work in every day lives, it starts a change. it's realizing it's not just a concept car.

. >>> general motors announced a final prize for its highly anticipated chevy volt electric car.he auto maker says the purchase price will start at $41,000. the electric car qualifies for a federal tax credit which would bring it down to $35,500. the least lease price would be about $350 a month. the cars will initially be available in a handful of states including california. >>> united airlines is now apologizing for stranding a bay area child for eight hours at chicago's o' hare international airport. julian reed was flying alone from sfo to see his mother in canada. united airlines left him in the child care room but forgot to get him to make his flight. >>> there's no need for quarters and these parking meters are supposed to overhaul how you find parking in san francisco. we'll explain how it works, coming up. >>> bp finds an american solution to its american problem. meet the new man in charge, next. o?oowq >> i think it'll frustrate some people because i know the price will go up during busy times. >>> the old fashion parking meter gets a make over in san francisco. the c

and ebay is trading under 1% under it's second quarter report and hp is down, general motors relatedtract to manage technology infrastructure a year early and that contract is worth $2 billion. and headlines, investors are listening to ben bernanke. he has two days of testimony on capitol hill and they will be listening care fly to what he hazard to say. people that filed mortgage applications, record low rates. just this morning, mortgage bankers association rates are to a new record of 4.pat% for a 30-year loan. i'm jane kings, bloomberg news. >> more news for you. is now acknowledging that it posted an altered photo on its website. that photo exaggerates the activity at the gulf oil spill expand center. picture posted over the weekend showed workers monitoring ten giant video screens. they admitted yesterday that two of the screens were actually blank in the original photo and a staff photographer used photo shop software to add in the extra images. bp says the photographer was showing off his photo shop skills and there was no ill intent. >>> meantime, the federal government's ex

general motors announced it will buy out a finance company and will increase leasing and make more loans to buyers with lower credit scores. the deal is expected to close before the end of the year. . >>> a piece of san francisco history now back with its rightful owner. up next, they'll tell you about it. >>> find out how far giant's fans will have to travel next year to catch the season opener. >>> good morning, westbound 24, traffic looking okay as you drive through the tunnel, but we already have some difficulties for your thursday- morning commute. they used to spend hours on the couch, watching t.v., playing video games. and with all you hear about childhood obesity, i was concerned. now i take a more active role in their health like insisting on lots of play time and making sure they eat right. like when i make burgers i use lean jennie-o ground turkey. i'm proud i got them off the couch. well, sort of. anncr: be well... with all the great tasting ways to eat lighter. only from jennie-o. a street right now at buchanan, closure because the water department was doing overnight work.

. >> president obama says recent gain business auto makers vindicate the bailout of general motors andsler. there is he drove the chevy volt down an assembly line and stopped by a plant adding 1100 new jobs. saying a surge in ought yes sales is proof efforts to revive the economy are working and claimed it saved them from a loss of more than a million job autos senator boxer is talking up benefits of spending today in a job training center. and there is mark matthews there as senator talked about training for jobs of the future. mark? >> boxer talking about green tech jobs saying california is the hub of clean energy economy for country. senator boxer watched as students practiced installing devices and told them they're training for the jobs of the future. >> if we make sure not to go backwards we'll see these workers here putting roofs on schools and office buildings and homes. >> this received from a grant. students are confident training will pay off. >> i think there will be jobs out there. and this is is going to be world wide. miles away at numy career transition center auto wor