GM vows to produce compact cars
Next week, General Motors is expected to file bankruptcy protection, a move that appeared to be inevitable but has to be done after it has failed to come up with the appropriate solutions to the on-going problems that beset the company. Of course, it was not a welcome news for the United Auto Workers union whose thousands of members are expected to be out of job for a long while. Until the sad fate of the auto companies are resolved in due course, a large number of auto workers and their families will be like floating in the clouds of doubts. In fact, those auto dealers who were unexpectedly closed due to these unfolding events could only heave in disgust considering that thousands of workers would be out of work, adding to the already double digit unemployment rate in the country's labor markets. What happened to GM and Chrysler was unexpected. This only goes to show that American automakers are really in a quandary as to what to do in order to break the spell that now hounds th...