There is a big difference between failure and Chapter 11. It is clear that they need to reorganize, get their debts in order, get some concessions/partnership from their labor force, then make some tough choices of what to keep and what to dump or sell. Sounds exactly like what Chapter 11 is for. They say that no one wants to buy a car from a company in bankruptcy, but honestly I would be equally nervous after hearing them tell Congress what dire straights they are in, even with a taxpayer loan. I think they are scaring customers away with their tactics. I believe they are making vehicles people want and making them well. They just need to adjust their process so they can do it profitably. Maybe GM needs to dump a division or two instead of making cars that compete with each other. Maybe Ford should retire Mercury. Chrysler did that when they dropped Plymouth. The cars are essentially the same except for trim and basic fender lines. Why pay designers to come up with different sheet metal and have the expense of tooling it? They could save a lot of expense by that type of consolidation. I like my Chevy truck, it has been trouble free for almost 9 years so far. When the time comes I will definitely consider another one. My daughter has a GMC Acadia and it's sweet! Which brings up another point, Why do they need Chevy and GMC Trucks?

Pat