Bailing out these companies is delaying the inevitable unless they restructure and figure out a way to sell many more cars at a profit.
I totally agree with you.
If there's a bailout, the tax payers money needs to be given out as conditional loans with thorough control.
Conditional loans where a certain amount has to be used for development of alternative cars to free USA of the oil dependancy.
Because lets face it - right now there are enough of gasoline driven cars in USA.
The car buying frenzy of the last 8 years have largely been fueled by generous - that's right - mortgage deals.
Those have got to go.
So people are more likely to buy used cars, ie trade cars from the existing car park.
Car companies needs to offer something different if they are to survive.
And that sure ain't cars running on gasoline.