White House Approves Auto Bailout for $15 billion

15 million? this can't be right, maybe 15 billion????

Now I hope that the 3 CEO's wont spent a lot of $$$$ in a luxury resort, like the wall street ones did.

So, is it Billion or Million? What are 15 millions are going to do to the company? Be paid out as a bonus for CEO?

Correction: billion with a "b"

I dont see why only the city bankers who just siphon off money, award themselves ridiculous bonuses and gamble hard-working peoples pension should be bailed out.... GM and Chrysler and Ford arent any worse than these bankers... and they employ far more workers. They should be getting this cash.

$15 billion to restructure! And it is only temporary; it is not an acto of congress, but an executive order. Obama could change the order the minute he steps into office if he wants. The time for American car companies to rethink their corporate culture and get tough has passed. It is now "do or die." GM should condier seeking to consolidate corporate redundancies ("fatty, bloated overhead") that are common when a "car company" is really a front for a desparate action to hold onto market share by badge engineering. So long, G6! See ya, Torrent! GM could then direct the funds that they have traditionally spent on badge engineering (as well as all the rediculous marketing associated with those redundant vehicles) on quality improvement, as well as working to bring over from Europe some of the better-made and higher-mileage vehicles. Marketing departments should consider what GM's European customers like about GM's more fuel-efficient vehicles and tout those successes here in North America. GM could reduce overhead while still adhereing to their contractual agreements with dealers to offer a specific brand. Further, GM could coach dealers into consolidating operations, too. Fewer models, that are each focused on a specific vehicle segment, that are better-made with better mileage will give GM a better chance for long-term success and profitability in the future. Give us the CTS wagon! Give us the Cruze and the Orlando TurboDiesel! Long live the Silverado! C'mon, GM! Make a change! YOU CAN DO IT!