With rising gas prices and the possibility of low-priced Chinese-made cars, the U.S. auto industry has no option but to change.
"Imagine that you are running a domestic automaker. Rising gasoline prices threaten your lucrative S.U.V. sales, a glut of car-making capacity promises ever more competition, and burdensome union contracts limit your ability to cut costs. Then there are the Chinese. They're beginning to put together the parts they've been making for years, and sooner rather than later, whole cars from China will arrive at scarily low prices. What do you do?"
Thanks to Ashwani Vasishth
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