Swamp: The Big Three auto makers all got their restructuring plans in to Congress and their chief executive officers are all reportedly in hybrid vehicles somewhere between Detroit and the nation's capital as they head to the first of two congressional hearings this week.
As someone who's driven from the Midwest to Washington, I hope they have a few good audiobooks. Ohio and Pennsylvania are much bigger in person than they seem from a corporate jet. Maybe they'll race each other along the Ohio Turnpike to keep things interesting. It all could be a great realty TV show: "Race to the Bottom," maybe?
The Swamp has links to Ford, GM's and Chrysler's restructuring plans.
WSJ says don't bother giving GM any money. They're doomed.
