Cars That Go Boom: Detroit's Big Three & Me

[The_Monkey]

If they file bankruptcy, it doesn't dissove the company. It holds of financial obligations, and gives them time to re-group.
Maybe get a government loan to re-tool for efficent manufacturing, and more efficent cars.
Pumping money into the same company's with no changes is endless.

Bankruptcy, even Chapter 11, will kill them... would you buy a car from a bankrupt company?

You have to remember that most of the population makes no distinction between Chapter 11 (reorg) and Chapter 7 (liquidation) all they hear is "bankrupt". The headlines will be "GM declares bankruptcy" or "GM goes bankrupt" not "GM decides to reorganize"... that's a massive blow to consumer confidence on an item that they expect to be able to keep for five to ten years.

[Jackjo]

I think it is pretty safe to say the big three aren't going anywhere.

Not sure exactly what the government will do for them or if it is the correct thing. But our leaders have never been too good at doing the "correct" thing.

Besides, I really want a new Dodge Challenger but won't be able to till next year when the sale of my business is final.

The U.S. auto makers are no doubt poorly managed but who says they build crappy cars. I have owned over a dozen in the last 15 years and had nothing but stellar performance out of all of them. I love the quality of some imports too but the U.S. auto makers have been on a roll when it comes to cool cars.

Pretty tough to beat the styling of these three IMO! Not sure if this pertains to the conversation but I just wanted to post these cool rides!

Take that!! Overpriced imports!!!