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Ask President elect Obama contact the heads of Toyota, Honda, BMW, etc. and ask them to bid on any/all companies, with the US government assuming liability for the pension & benefits of the UAW as appropriate. Also, these companies must commit to hiring US auto company people -- union or union-free.
The US companies are "cooked'...this is a global economy..let's get on with it.
Thanks.

GIVE STOCK OWNERSHIP TO NEW CAR BUYERS CARS MFG IN USA ONLY. THIS SHOULD GET THE PRODUCTION LINES RUNNING.

I agree with the author. What good can come out of putting two bad companies together? Especially if that goal is to save jobs?

Frankly, I don't see why we should even entertain over-creative ideas. In the absence of a genuine solution, why not simply let free market economy take its course? If they have to file chapter 11, then so be it. I personally can't see how the consequence of that would be any worse than the more creative solutions being thrown around.

If the end result is a reduction in the number of models being produced by the combined GM/Chrysler this would be a good thing. The fact of the matter is that their is too much production capacity in the domestic industry and one way or another it has to be reduced. The fact that Chrysler has no promising plans for the future combined with a current lineup that has no retail demand means the best case scenario is that they either get swallowed up or just go away.

And all these reports that if one of the Big 3 fail the parts suppliers will all fail as well is not completely true. Considering that 50-65% of Chrysler's volume will be picked by GM and Ford the cream of the crop parts suppliers will rise to the top and receive more volume from both GM and Ford. The other 50-35% of volume will disappear since most of it was forced onto rental fleets anyway.

In short, the demise of Chrysler would cause a short term hiccup in the industry and the economy but long term you would have a much healthier domestic industry. You would rid the industry of the lowest quality domestic auto manufacturer and probably the worst suppliers as well.

I am surprised that China has not offered a loan, they own everything these.

First of in my opinion gm could drop gmc it is a twin to chevy anyway.That would save a lot but how come their is no fire sale going on here gm should be cutting
prices and get the cars moving we are not hereing of any of that. sell sell sell it not helping with cars just seating there.make some super deal deals trade your gas sucking suv for a newer gas sucking suv for a bargin.I don't like it but gm needs to exist.The impact will be to great to bear. I do think that the car companys are more worther of the money then the banks where. SO hold your nose and give to them.

Let the oil companies bail them out. Seems it would be to the best interest.

We need to put History back in the classroom. Let's see Packard went out of business, Studebaker went out of business, Rambler went out of business, Hudson went out of business, Tucker went out of business, Edsel went out of business the list goes on and on of car companies that have gone out of business. This list is only the car manufactures that have gone out of business in the past 100 years. We live in a Capitalist society, not all business make it. Labor Unions have killed the "Big Three" Those companies are at a major disadvantage to other car companies that operate here in America. Oh, I know the answer run the others out of the country, quit trading in the world market, and run car companies with government tax money for the benefit of all. That means you get to pay for the car twice! Get rid of these idiots running Congress! That is the answer.

J. Dupuis said: Get rid of these idiots running Congress! That is the answer.

YOU ARE SO RIGHT!

& in the meantime, a FREEZE needs to be put on the rest of the "tarp" funds & Mr. Paulson needs to go on & resign!

The solution is just to buy them out, restructure them intelligently, and sell them a few years later at a profit.

http://www.charliehiphop.com/buy_out_detroit

There's abundant excess capacity and it's only going to get worse. China and India will begin importing small cars in the not too distant future, further exacerbating the excess capacity issues. The auto industry's going to take a hit. Employment's going to be reduced further bailout or no bailout. The time to face it is now. There simply isn't sufficient demand to support Ford, GM, and Chrysler. The weakest of the three's going to fold, regardless. Bad management and union greed have finally come home to roost. It's true that the companies have made great strides but it's too little too late. It's sad, but the kindest, most responsible and efficient process is to let the market sort this out. Use the "bailout" funds for training and employing displaced workers for infrastructure projects, green energy and environmental projects, etc.

can anybody remember the u.s. steel industry and what happened to it due to cheaper foreign steel being imported,they are gone.where was the govt. at that time? let them file bankruptcy and restructure.no ceo is worth 21 million $ salary!!!,then they want to get our taxdollars??this is just one of the many business mistakes they have made , but they probably have a BIG nestegg and dont care for middle class problems. also the workers were making big money all these years now they want us to bail them out ,no way