the government will bail them out.... but they will need to rethink there buisness plans thats forsure... GM is byfar in the worse shape but i hope they dont disapear... they have some decent looking stuff in there lineup.... i mean when was the last time you herd anyone say a toyota camery looked good ? just another generic bubble driving down the road....
ive seen a few dealers offering shares in ford when you purchase a car/truck.. dont know if its a ford plan or just a dealer thing prtty cool tho
Any of the big three going bankrupt would be a disaster for North America. Failure of the US auto industry would kill the entire US economy, their government will not allow this. I saw a figure of how many Americans are directly or indirectly employed by the auto industry it is in the tens of millions.
To sum up, Obama would be in favour of a bail out after his presidency becomes official. Of course, if any automaker declares bankruptcy before then...well, it would be bad. As for who would handle automaker warranties, as the government would be responsible for the companies in the event of a bankruptcy, I imagine it would be up to them what to do.