Three days ago, General Motors, a once globally dominant car company, filed for bankruptcy, following its peer Chrysler into Chapter 11.
We now know that both companies face some sort of restructuring, and that the Barack Obama administration hopes very soon to rehabilitate both companies as leaner versions of themselves.
On Just to Clarify today, we wanted to explain the process that brought iconic car companies into this bankrupt state.
What factors pushed these companies into decline? Why did the American operations of companies like Toyota, Honda and Volkswagen survive the same factors? What kind of restructuring will happen that will allow GM and Chrysler to return to the landscape of the automotive industry?
To answer these questions, our guest today is Ramesh Srinivas, an executive director at KPMG Advisory Services in Bangalore.
If you would like anything explained on the show, mail Samanth Subramanian on email@example.com