Despite the President's assurances, it is not to hard to imagine that the end of the American auto industry seems near. GM reported this week a 45 percent drop in sales, Ford sales were down 41 percent and Chrysler echoed that sales drop. But China has begun taking a bold step toward what its automakers believe will be the future of cars—the hybrid. Long struggling to catch up with Japan and the U.S. in the gasoline-powered car market, China is now devoting its efforts to electric cars, which is a big step for a country not known for its environmental progressiveness. Keith Bradsher is reporting this story and he joins us now.