'Big Three' sink while other carmakers swim
(NEWSER) - The government seems poised to bail out the auto industry, but there are two auto industries, writes Joseph White in the Wall Street Journal. There’s the unionized, drowning Big Three, stuck with ancient product strategies and huge retiree health obligations, and the non-unionized, mostly healthy foreign-owned manufacturers. This second group surely wouldn’t get any government cash, but they’re the ones with viable business models for the global economy. More»
