Auto Bailout Rejected After Senate Vote

and the only option is merging GM and chrysler ?..

they will file bankrupcy and then for sure they will have to get a pice of the bailout.

GOOD ? Let them fail! I hope this serves as an example to all the other companies waiting in line for their handout.

Epic....

Even with bankruptcy the production lines will still run and there will be jobs but lean and mean. This is all about the UAW more so than the Big 3. The Big 3 needs to think small and look at the next auto show product lines to give them an idea about the future.

If these companies could have immense sales across a whole continent and still fail to make a profit in an era when there was huge amounts of cash floating around then how on earth can they survive a recession that will last several years? The government would just have to bail them out more and more every year like ours did with Rover.

I feel for these workers at the plants, but until they see that the unions are doing worse than good, and force the unions out. i say serves you right if the GM goes bankrupt. Here you ahve a chance to rebuild and all you have to do on your part is get a pay cut. hell you get paid more than enough as it is. You'd think with everything going on, you'd think the unoins would compromise. I say take the more or lose you job and get nothing.

Bankruptcy needs to happen for these companies especially to get rid of the weight of UAW. But im afraid of the perception of bankruptcy. These items aren't cheap and unfortunately the perception of GM and Chrysler vehicles are not good already (thats another argument, people talking about these cars who have never driven them). So, whats the incentive for the general public to buy from a bankrupt company?

I said it once and I will say it again: if the Yank auto makers make more beautiful designs like the Camaro, Corvette, and the Challenger they would not be in this position in the first place. This is their own fault and listening to those worthless 60 yr old shareholders who dislike new and spiffy designs. THERE lies the problem. All they need to do is attract shareholders who LOVE cars and have a passion for cars. That passion alone will lead to great and wonderful designs in Yank automobiles. Not the aging and dying 60 yr olds who understand that a box is the most beautiful design versus an oval or rounded rhombus. It is a simple fix. And the Yanks are capable of making wonderful designs as their history has proven, alongside the Challenger, Corvette, and Camaro. That "new" Mustang is just more of the bloody same and boring design. And that effort alone just proves that Ford is not ready to make changes. They love having more of the same. And that is exactly why I believe not one of these Yank automakers deserve a single penny of tax dollars. If they were making beautiful cars or had a future lineup of new and revolutionary, yet beautiful and functional cars, then I would reconsider. But that "new" Mustang proved otherwise from Ford's standpoint. Let them suffer. Better yet, let the UAW suffer alongside them. Greed is the biggest killer for any company. And Greed is the main enemy here again. If they can bolster their passion for creating wonderful cars, that alone will be a step in the right direction. Agree with me or disagree. No one can deny the fact that if the Yanks can't get their automakers to produce better products, then they deserve the fate coming to them.

YES

the congress gave 700 Billion to Banks and they still could not save jobs or economy. What is the big deal in giving 14 Billion to Detroit when we know they will save 1 in 5 jobs in America. Penny wise Pound Foolish. I think it is all about votes, now that the elections are over and Republicans lost, they want to make sure they leave the economy is worst of conditions to later blame Democrats for it. POLITICS is as always BAD.

sad sad sad

Bankruptcy is the fastest way for for the big 3 to become small. Forget about chysler as they ou Owned privately

Blame the UAW. Greedy bastards wont even cut back on wages and benefits to save their own workers from getting laid off. You know what, for the first time, I agree with the Republicans? You wanna play this game? Sure, we'll decline the bailout, your company goes under, a few hundred thousand people lose their jobs and then UAW can come back to the Senate with their tail between their legs and negotiate again.

Precisely buyers in that segment don't care that much about "design", copntrary to "halo" cars, and those dramatic changes you talk about came in too late, in despair, after selling poorly finished and unreliable, unefficient sh*tboxes for 30 years, so you can't deny that's part of the problem.

fail! ^^

seize the UAW, save the auto world. look at below news quote: Gettelfinger, at a news conference Friday in Detroit, said he doesn?t think the union will have to negotiate wage cuts or other terms with the White House for the industry to get federal loans. damn Gettelfinger, YOU are the one to BLAME for the bailout rejected! if i were in senate, i rejected it too!

must be a nazi mole infiltrated to sabotage lol

This all comes down to the UAW. The sensible thing to do is to take a pay cut/loose some benefits it order to keep your job and the industry alive in general. The greed and idiocy displayed here is astonishing. The CEO's will work for $1 per year and a grade 10 drop out who has worked on an assembly line their entire life won't give up $1 per hour. Let 'em fail. They deserve it!

GM has not made a profit, not one cent, since 2004!, so how far will this money go until they want more. It is their OVERHEADS, COSTS of employment that is the issue, get rid of the UAW, bring wages in line with other makers. Then they may have a chance of survival. There was no financial crisis in 2004,05,06,07.