What is happening to the US auto industry seems the same as what happened to the UK industry.
Unions making unrealistic demands. Quality of cars that didn't match the competition and lousy management. Now all our car companies are foreign owned.
The only irony is that a lot of the best car designers working for euro car companies are British with a specialist and respected auto design school in England.
Thing is when I looked under the skin of even the latest US sports cars, eg Mustang, Firebird etc the tech underneat was so old. Really the new Mustang still has a live rear axle as does the new Pontiac. Not sure about the Corvette. Secondly interiors compared to the equivalent UK car, eg Vauxhall were plastically and not well finished.
I feel for them but our companies never got a bail out, well they were state owned and allowed to go.
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