For a book billed as a "uniquely American story of success, failure and redemption", Vlasic does a remarkable job in narrating the "failure". While referencing the past success and mostly hope as bookends, Vlasic provides an informative and entertaining look into the events that shaped the stories of the American automobile industry. Narrating this story with the CEOs, other key execs, investors (activist and passive) as the key actors, Vlasic is able to provide a backdrop devoid of any need for political overtones or editorial liberties or an 'academic' analysis. That lack of analysis may deter some readers who may find the almost complete focus on the key players (see Amazon's own review for a snapshot of the key 'actors').
Another key insight a reader will glean is the role of labor unions and the power (right or wrong) in directly impacting the fate of the very companies that employ them. In a rare editorial comment, Vlasic points out that there is "nothing inherently better in American workers than...." and almost goes on to make the case of how unions may have been over-reaching.
Through the intertwined narration of the Big 3's trials and tribulations, a reader will be able to discern almost three unique management styles ranging from a benevolent leader who knew when to step down (Ford), a degree of detachment bordering on indifference. The stark contrasts in the management styles and personalities is a treat for any reader and could easily form the basis of leadership case studies. A neutral observer would end up having a more positive view of Bill Ford and to some extent both Bush and Obama (how Bush didnt want the incoming president to be faced with the crisis and how Obama imposed conditions on bailout). Ford comes out looking as a better-run company.
The narrative gives an view on the decision making processes at the CxO levels and in hindsight it is amazing how some of the managers managed to hang on to their jobs. While Vlasic does a remarkable job in detailing the reactions of the Big 3 to the increasing threat from imports, impact of gas prices and the collapse of the economy, the book falls short in describing the "redemption" - perhaps, it is still a work-in-progress.
Despite the fairly gloomy story of the Big 3's fall, the book is not without its moments of humor (especially discussing the now in-famous and infinitely parodied CEO-trips for the bailouts) and a gem of corporate speech attributed to Nardelli ("do vertical dives to really get the granularity and make sure we're coupling horizontally across functions so that we have a pure line of sight to the customer") Huh?
Overall, a very entertaining look into the reactions of the key decision makers of the Big 3 to the main trends impacting them (imports, gas, economy, politics, unions). For readers needing a more detailed look at the bailout, Overhaul: An Insider's Account of the Obama Administration's Emergency Rescue of the Auto Industry is a must-read. Crash Course: The American Automobile Industry's Road to Bankruptcy and Bailout-and Beyond offered more insights than Sixty to Zero: An Inside Look at the Collapse of General Motors--and the Detroit Auto Industry, though both are fun reads in this topic.