Automobile crisis and its bail out

Wanted to always raise my opinion on the automobile crisis of America's Big Three- GM, Ford and Chrystler.


There had been lot of debates and negotiation by the Automobile Majors on a government bail out something in the lines which the financial industry received.

But do you think a bail out with Billions of tax payers’ money is the best solution to this?

Looking at the root cause their key issues are mismanagement, labor costs associated with pay and health care. Until and unless this is resolved, they will not have the cost edge which its Japanese competitors have.

If they are able to fix this , this cost saving can help them to start focusing and investing more on R&D for more innovation and quality.

Until these key issues are resolved any bail out money is not going to save the industry.