This article wouldn’t even be on here if some “Americans” would just pull their heads out of their collective asses and start buying American cars again. As for you anti-American import snobs; You never have, nor ever will appreciate the great hurdles the Big 3 have jumped towards finally producing the world-class vehicles that you scumbags have always claimed they could never produce.

One day, the Big 3 will rise again, especially the way Toyota and Honda have been slipping in quality.

Buy American. It’s not just a matter of jobs and national security, it’s a matter of preserving the Great American Beacon of Hope.

^ why do you comment articles you dont read? if u.s. is the greatest nation in the world then thats because it consists of great people.. and the people have made their choice: they prefer european och asian cars..

I read the article in it’s entirety.

¨so what part didn’t you understand? the companies are on tax-payers life support.. u.s. auto companies sucks big time.. joe customer are always right..

The rules of modern economics dictate that offer and demand shapes the market. If GM/Chrysler are knee-deep in doo-doo, it’s their own fault. Yeah, there were a lot of factors that lead to this situation like Unions, but it all comes down to the incompetence of the companies’ leadership!
Bailout doesn’t mean the idiots in charge get to keep their jobs, it means they get a second chance. They got it, now it’s time to act up! If not, bye bye GM, hello Huang Xing Choo Motors :p

This is really disheartening news. I don’t want to see either of these car companies go away or change into completely unrecognizable entities. Too much history. Too many good high performance models and way too many beautiful designs up into the mid 1970’s.

I would hate to see a lineup of boring Chevy Volt clones after this restructuring with no engaging rear-drive and manual transmission cars for the big three.

To me, apart from a few specialty sportscar models, manufacturers both domestic and foreign build pretty boring appliance cars in the under $35k range, so the fact that volume cars from Toyota, Honda, Nissan and Hyundai ridiculously outsell American volume cars is silly. There may be some truth to the quality claims but in a sea of boring, why should I give any of them money for something I’ll hate to drive?

Cars didn’t always look like jellybeans and they didn’t always get driven at the wrong end.

This is where I am lucky….at least for the time being. In Australia we still have access to awesome rear wheel drive performance cars for around 35,000 to 40,000 AU Dollars. The Ford Falcon is an awesome example. http://www.ford.com.au If only Ford would send it to the US so you guys could share this awesome car.

Hyperion
Toyota and Honda (leave the other two out of it, as they have made little gains on the market) have consitently built top carfs for the last 30 years

Th domestics have CHOSEN NOT TO.

Any product renaissance has been too late to take effect.

This is the right move by Obama. The welfare line has to end at some point. One loan, and you’re done.

Make it count.
DrFill

DrFill: couldnt have put it better. The Big 3 Had their chance, they even had probation after failing once, they had ANOTHER chance now, and what was it they achieved? nothing at all
to be fair, they couldnt really. you cant make up for decades of crappy management, crappy product reliability and quality in some months, thus makes it questionable if the first loan should have been issued at all, in the 1st place… you dont lend out money to someone whos too broke to even hold the money in his hands, before having it ripped away from the people he owes it to…

sad as it is, but i doubt we will see the big 3 around for too much longer… guess itll be big 2, 1.5 or even big Zero kinda soon.

oh, and dont go blaming the consumers… they bought what they wanted to buy, this is a free country after all… the big three were free to make crappy products, and the consumers were free to NOT spend theyre bucks on this very crap…

Stop blaming the consumers for not saving the Big3 and for not buying their products. The auto industry is just like any other industry. If you make the products the consumer wants, you gain market share and prosper. Rather than investing internally and building cars people want, GM would just spend stupidly to acquire other automakers so that they could have cars that they think would sell, Chevy-badged Daewoos. To the bean-counters, it probably cost a lot cheaper to acquire Daewoo assets than actually building their own cars which would make sense only if people would want these cars. Price isn’t the only factor people have when they have the freedom of choice. Ford never listeded to the consumers and to give them what many would have bought, Escort Cosworth RS, Focus RS, etc. All we get is a half-ass Focus SVT. These are just examples. But in my opinion, it was their out-dated and wrong business model for the last three decades that killed the Big3. The badge-engineering of their divisions lead to canibalism. Marques which once had glorious pasts and individuality, those images faded and what we have now just doesn’t connect with consumers of today. This is just the tip of the iceberg of problems the Big3 have.

BuyUSA,
don’t impose your views onto others! The people have the right to chose where they want their hard earned money to go. And they want to spend their money on something that is reliable! trying to prove that gm is more reliable than honda/toyota is like trying to prove santa exists without stating something false! My family believes, that it took an economic crisis of this nature to really show which of the D3 are on top of their game. and because of that, its fair to say that Ford is clearly on top! Which is why we gladly traded in our pile of crap on 4 wheels, 2005 buick la$hiter, and got a new 09 focus SE and paid it all up front. the focus is actually really reliable, and it was just the kind of vehicle we were looking for. Civic honestly seemed to have no low end grunt. the corolla was really boring to look at and didn’t really offer a good value. the focus had sync, great low end power compared to others, and it looks more appealing and different. We will be looking forward to the taurus SHO to replace the aura.

Obama has just forced the hands of the unions and the bondholders, who up until now, have refused to make the difficult choices necessary to insure survival. Look at what Ford has been able to accomplish in these two critical areas and compare that to what GM and Chrysler have failed to achieve. I wouldn’t count them out just yet but the negotiations will now begin in earnest once these two entities truly and utterly realize that bankruptcy will make their respective positions far less desirable. Concessions that lead to a healthy company long term, is a better choice than pennies on the dollar (or no job) in a bankruptcy.

This all should have been done 3 months ago. These guys have already been given two chances to rework things in order to survive… I guess Obama is a firm believer in the “3-strikes” policy.

Obama should give Citibank aka ****ty-bank and Bank of America the same ultimatum. Too bad they’ve paid him off too much.

Ford is clearly on top. Within 1 model change they actually made some vehicles that are very safe and competitive. I realized there are minor things like styling and questionable engine choices but overall they’re starting to compete with the Asians. GM and Chrysler on the other hand should really go chapter 11 to clean up their mess. There is no other way really. You really think in this economy people would rush to buy a $40K Volt? Even if they are enough emotionally motivated to want to buy one, they don’t have the $ to do it and I think Obama knows it.

MAKE THIS EASY FOR ALL YA IS THAT:

GM AND CHRYSLER ARE REALLY MESS UP THIS TIME.

they should just let them go for chapter 11 at first place. Volt is going to be like Camaro, is going to be keep pushing back since there is no money for GM already. It took Camaro 2 and half years extra, to roll out the vehicle. basicly all GM new vehicle is going to be at less another a year behind, so screw GM and Chrysler.

buy Ford

If only my professors were so generous during college years! You can fail the class if you will not come prepared for hearing in November. Ok you are completely unprepared come back in December. Ok, come back in March, meanwhile have 30 billions in scholarship. It is March and you not prepared. Another billions, but change shoes (in GM case one schmack for another) next time.

Let see, meanwhile we are out of what 30 billions? It’s all could be solved half a year ago with simple Chapter 11 hearing and restructuring. Our system works, if it properly used.

This is why I like Ford.

Ford has, by far, the weakest lineup of the Broke 3
But they are coming along in quality, EcoBoost, Hybrids
I would have preffered GM be the Lone Ranger because they have more ultimate talent
DrFill

@BuyUSA…”One day, the Big 3 will rise again…”

…eh, like the South?

“…especially the way Toyota and Honda have been slipping in quality.”

Accidental quality admittance? you slipped. and i agree, Toyota and Honda are known for quality, and have slipped a bit but, believe me, they will never dip so far as the Domestics have. Its something you’ll never understand about cultures as long as you live in your tiny, tiny, little bubble.

(sig. withheld to respect the dead—seriously)