Episode 738 – Ford and UAW Finalize Contract, Bob Nardelli’s Back! Costs Going Up in China

Ford and the UAW announced they reached an agreement on a new labor contract. Now the workers have to vote on it. Chrysler’s former CEO, Bob Nardelli, has resurfaced, saying the Obama Administration didn’t need to turn Chrysler over to Fiat and that Cerberus, the private equity firm, could have done a better job turning the automaker around. China could be losing its edge as a low-cost manufacturing center. All that and more, plus a look at last month’s impressive sales numbers.