Paul Ingrassia on the auto industry
By Michael Ruhl, University of New Mexico – Talk Radio News Service
Paul Ingrassia, former Detroit Bureau Chief of the Wall Street Journal and Pulitzer Prize winner, said that Chapter 11 Bankruptcy may be of long term benefit to companies like GM and Chrysler. According to Ingrassia, bankruptcy could free the companies from contractual obligations which are otherwise overly burdensome to their operations. It would allow these companies to reduce the number of brands and dealers they have without lengthy legal gridlock, which in turn could provide the ability for the auto companies getting back on their feet through a very thoughtful reorganization. (00:48)
February 27, 2009
Categories
Latest Audio
Happening Now - TRNS on Twitter
- @jackrice: Wow. Lot of fun @msnbc. Really fast. Jackrice.org -- 35 minutes ago
- @jackrice: Sitting here @msnbc and getting ready to go on the air. Interesting. -- 1 hour ago
- @jackrice: I Appear on MSNBC This Morning at 7:30 a.m. e.t. http://ff.im/-bNyTA -- 1 hour ago
- @jackrice: On MSNBC tomorrow morning to talk about Khalid Sheikh Mohammed. Personally, I'm thrilled they decided to try him in NYC. The perfect place! -- 10 hours ago
- @jackrice: Great time tonight on @MSNBC with @edschultz. Always enjoy myself. -- 13 hours ago
- @gaholtzman: Good news everyone, the US LABOR Secretary pushed years ago for allowing illegal imms to attend public universities http://bit.ly/5Y2gfN .. -- 15 hours ago
- @jackrice: LISTEN: Jihadis Come Back From The Brink http://ff.im/-bLZRD -- 16 hours ago
- @jackrice: Government Must Ration Health Care (AUDIO) http://ff.im/-bLZRJ -- 16 hours ago
- @jackrice: LISTEN: Future Senators? Dobbs v Rudy http://ff.im/-bLZRB -- 16 hours ago
- @Laura8524: Labor Secretary gave advice for latinos across the country -- 18 hours ago