By Jesse Russell

Senator Hillary Clinton of New York has issued a letter to President George W. Bush seeking a summit to address the "crisis facing automakers and their suppliers." The largest auto parts supplier in the US, Delphi, filed for bankruptcy on October 8, General Motors posted a $1.63 billion third quarter loss and Ford posted a $284 million loss on Thursday. In the letter, Clinton said the summit should cover healthcare issues and address foreign competition. The letter was released as the United Auto Workers made concessions to GM that retirees would pay more for healthcare and to reduce the future wages of current workers by $1 an hour. Negotiations are continuing and a vote has not been set for UAW members.