GM needs $18 Billion! If they do not get a severe cash infusion now they run out of money by the end of 2008 (less than a month away). Over $1,500 of every US made car goes to health-care for the workers. Money that the Asian and European car companies do not have to spend. Extrapolate that out to the compensation needed to pay for the US current and retired auto workers, health-care and pensions, and the US car costs more than $4,000 (than the competition).
We can no longer afford to make cars in this way in the USA. This is not good all around for the USA. Not at all.