Over the past few days, the interest for the auto bail out has decreased. The democratic senators have openly declared that they do not have the necessary votes. In the lame duck session in congress , there is no momentum for the auto bail out. After Ford declared that they can sustain a few more months than GM, I think there is resistance to the bail out.
Some are asking the big three to go under Chapter 11.
I don’t think under the current economic conditions that is a choice. The companies should come up with a plan. A complete restructing of the companies and new models for cars- European style lean and mean cars- the ones opel(which is owned by GM) makes.
I think GM and Chrysler will go down in a couple months. I see no future there. Necessity is the mother of all inventions- now the big 3 have to be innovative to survive.
