No, it is not a matter of time before the US auto industry goes Chapter 11. Rather a matter of time (and not much time) before the auto industry becomes State owned.
Red China did State-owned/run industries for many years but finally found the red ink was not worth it and shut most of them down, finding private companies did better.
So Communist China leaves Socialism after decades of experience showed them it didn’t work. But the USA now goes Socialistic and now has AIG and other State-run companies who continue to be black holes for bailout money. Remember the 85 billion for AIG insurance company? Up to about 200 billion now isn’t it? And still bleeding.
But hey! The USA citizens are delighted to give their money to bail out the super rich’s mistakes.
p.s. We have a 1994 Honda Civic and a 1996 Ford Windstar. The Ford is smooth, quiet and drives well. The problem is that the Ford is in the shop for repair$$$ about twice as often as the Honda.
New cars cost so much to fix these days. Due to all the complexity and clutter under the hood. I just paid $350 to have the Ford’s spark plugs and spark plug wires changed. The rear 3 spark plugs required about 2 hrs to change. The front 3 maybe 5 to 10 minutes.