Automotive transformation

Here you can find a long but interesting article on Automotive (from the Wall Street Journal) and an industry going through a revolution.

"The most remarkable aspect of last year's bailouts and bankruptcies is how auto-industry neophytes cut through craziness that had existed for decades. GM didn't know its cash balance within half a billion dollars on any given day. "

"After careening from one disastrous decision to another between 1999 and 2006, Ford had come to grips with its fundamental need to change. The company changed CEOs and is now shedding debt, dealers and brands without federal funding. Ford isn't home free, but its progress provides proof that GM and Chrysler could have avoided bankruptcy too with better leadership, and the willingness to act decisively before it was too late. "