Problem
Read the articles below:
GM CEO says Ford/UAW agreement won't work for GM By John Crawley, Reuters:
Task Force Open to Auto Aid, Avoiding Bankruptcy, Rattner Says.
After reviewing and analyzing the articles, post your analysis and comments to the following questions:
• What happened to GM? How about Chrysler?
• Why is that these companies in such financial turmoil?
• Do auto manufacturers' problems have something to do with its production function, costs, or both?
• Is there the way out of the problems?