Breaking News: Auto Industry Bailout Plan Dies in the Senate

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Associated Press: A $14 billion emergency bailout for U.S. automakers collapsed in the Senate Thursday night after the United Auto Workers refused to accede to Republican demands for swift wage cuts. The collapse came after bipartisan talks on the auto rescue broke down over GOP demands that the UAW union agree to steep wage cuts by 2009 to bring their pay into line with Japanese carmakers. Majority Leader Harry Reid said he hoped President George W. Bush would tap the $700 billion Wall Street bailout fund for emergency aid to the automakers. General Motors and Chrysler have said they could be weeks from collapse. Ford says it does not need federal help now, but its survival is far from certain.

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TiVo Alert: See the Saturn Vue Hybrid on "Renovation Nation" Tonight

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From Lisa Gilpin at ImSaturn: Saturn has teamed up with Planet Green's "Renovation Nation." Steve Thomas is the host, and works with a variety of groups and individuals to make their homes more green and cost-efficient. Tonight's episode begins a summer-long journey around the country, where Steve will work with a variety of local Habitat for Humanity groups. You'll see the Saturn VUE hybrid play a key role, and the season will culminate in late August with a special Detroit episode, featuring the Saturn "Hands on Home" project.