There's a lot of talk about a government rescue and even some discussion on the nationalization of parts of the American auto industry lately, and as I was tossing the idea and implications around in my late-night noggin I came up with a couple of what ifs...
At the moment it appears that GM is particularly screwed. Their Volt concept shows a lot of promise, and is close to becoming a real production car whose importance should be recognized. It would be a horrible shame to lose that much development for any reason. If by some act of god, the market, or government intervention the Volt makes it to production, it will be the most important American car of this century. In other words-it had better be good. Not just good, but market-changing good, like the original Mini or VW Beetle. That's a lot of pressure on the engineering team, but we need a diamond on this one.
If it weren't for Cerberus, Chrysler would be already be gone. In the way-out scenario of a nationalized auto company, imagine Uncle Sam picking up the entire manufacturing and dealer/service operations of Chrysler to produce simple, cheap, efficient cars. They'd rename it AMC, and take their fat government check to retool the plants to make all-new Gremlins, Hornets, Pacers and Matadors.
What have you got?