Auto Bailout Seems Unlikely
General Motors and Ford, staggering under the costs of providing health benefits for workers and retirees and with few cars that excite consumers, should not expect to be bailed out of financial trouble by the U.S. government. The government shows no signs of hurrying to the auto industry's rescue, as American car companies and the United Automobile Workers have lost much of their political influence as their share of the nation's output and employment has shrunk.
See "Auto Bailout Seems Unlikely", Eduardo Porter, The New York Times, April 13, 2006