Should the big 3 be bailed out?

[cjbcpa]

Ignoring the prior points, which are all valid;

The harsh reality of the situation is we have an automobile industry that is capable of producing 16-17 million units per year for US consumption in an environment that may only be able to sell 11-12 million per year for the indeterminate future. It's really only a question of which one (or two) will go.

IMHO, the discussion should not be about bailing any of them out. It should be about how to shed the excess capacity in an orderly fashion without a catastrophic impact on the larger economy.


CB

Off topic but relevant, did anyone see the latest Pano. Porsche only sold something like 185 Boxers & Caymans nationwide in September. That can't even be one per dealership. Makes me wonder how the Porsche dealer network will survive.