It looks like General Motors and Chrysler better take this crisis seriously and come up with a solution before their lifeline disappears.
This problem just seems to drag on and on, one day things are looking positive and the next day they are right back to where they started.
I agree with the Government not just throwing out money without any sort of accountability from the Auto Giants. Giving these Companies money to operate the way they have been would just be prolonging their biggest issue, they need to restructure.
Employees and Management in these factories are over payed and that's plain and simple. The only people who will deny this will be Unionized Auto Workers. Everyone has to give a little to get a little or else you will all be out of jobs and then have to go out and work for real world pay.
Personally the best move for Chrysler and GM is to file for bankruptcy and start over again eliminating ridiculous expenses. Restructuring is the only way the Auto Industry will survive in Canada.
Unfortunately until this issue is resolved the smaller suppliers are laying off, going bankrupt and these poor people didn't make factory wages to begin with.
It's just a real sorry situation and I sure hope it can be resolved quickly because I am also in the industry.
Support your Local Car Dealers, they are having a rough time right now and together we will get through this.