Last year, the American auto industry was brought to its knees and forced to ask for a government handout. An excerpt from Paul Ingrassia’s new book, Crash Course, on the Big Three’s glorious heyday and their struggle to survive.
Paul Ingrassia is the former Detroit bureau chief for The Wall Street Journal. Winner of the Pulitzer Prize in 1993 (with Joseph B. White) for reporting on management crises at General Motors, Ingrassia has chronicled the auto industry for twenty-five years. He is co-author, with White, of Comeback: The Fall and Rise of the American Automobile Industry, and has made numerous media appearances on NBC’s Meet the Press, ABC’s 20/20, and NPR’s Diane Rehm Show.
GM Chief Fritz Henderson's ouster at the hands of the auto giant’s government-installed board was long overdue, says Paul Ingrassia. Now the board needs to bring in an outsider to bring real change to the company.