If bankruptcy means being out of cash and unable to meet your obligations, well, then the Big 3 auto makers have admitted they are there, right? Ford, GM, and Crysler are burdended with - pension debt that few of their international competitiors face - a bloated dealership system that served the country well decades ago but is now competive deadweight - UAW contracts that render impossible any of the urgent, agile change required RIGHT NOW (like plant retooling) Bankruptcy provides the means to... read more
