These companies were failing previous to this economic crisis. It was in the papers and the major news magazines months ago. the articles all stated that the American auto makers would have “barely” enough to survive.
They don’t deserve to be bailed out unless they can be regulated into producing cars that people will buy, cars that are fiscally and ecology responsible. This is what GM gets for sinking the electric car. This what Ford and GM get for stating that ecology was a fad, and that they would return to primarily SUV and large truck production within months.
It’s sink or swim time. Dump the CEO’s, CFO’s, the people in charge of R&D, and design including style. I’d buy a Ford if beneath the hood it was as reliable, gas friendly, and even sexier looking than Honda’s or Toyota’s. Is it possible?
