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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GM and UAW Reach Pact to End Strike at Outlook Plant

Lansing Delta Township Plant

The Detroit Free Press reports that workers at GM's Lansing Delta Township manufacturing facility in Michigan, where the Saturn Outlook, GMC Acadia, and Buick Enclave are built, could be back to work building new vehicles again as early as Monday next week. Production of the popular large crossover models stopped April 17th when workers went on strike over several unresolved local plant issues.