I don't think they should be bailed out by taxpayers but I am surprised how many would say to hell with them so easily.
A good part of their failure is due to the US government and other nefarious organisms that have bled them to a point of not being able to compete in the market place and some see it fit to cheering it on.
Oh well, it's just another piece of American culture and what she stands for down the RAT hole, no biggie.
“A good part of their failure is due to the US government and other nefarious organisms that have bled them to a point of not being able to compete in the market place and some see it fit to cheering it on.”
Nobody I can find is cheering it on.
But the problems is mostly just lousy, inept management.
The lost market share was picked up by import brands, with better mileage, quality, etc. Built without union labor.
The top management of the former big three could leave the unions, one way or another, but did not.
In case nobody noticed, Chrysler bet on no hybrids, more than the others.
Toyota has sold over one million hybrids. People buy them, and like them.
The buyers, like Toyota can and do think long term.