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Bankruptcy Could Help Fix Automakers' Problems

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Bankruptcy Could Help Fix Automakers' Problems

Economy

Bankruptcy Could Help Fix Automakers' Problems

Bankruptcy Could Help Fix Automakers' Problems

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  • <iframe src="https://www.npr.org/player/embed/96945326/96945306" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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President-elect Barack Obama wants to give U.S. automakers federal funds. Critics say funding without conditions would be like pouring gas into a broken-down clunker. Paul Ingrassia, a former Detroit bureau chief for The Wall Street Journal, says bankrupty might be a better option. He tells Ari Shapiro that bankruptcy could open the door to badly needed changes.