http://www.breakingnews.ie/World/mhidqlcwmhmh/

The car bail out in the US has broken down: the bonnet is up, but can they fix it?

The US car industry is not just any old widget factory. The shiny monster with wings and chromium, and a gas tank the size of a small bath tub, was the economic and spiritual centre of the whole post war American capitalist dream. Surely there will be world wide reverberations if the Big Three go down, and America will never be the same again.

They should all admit defeat and surrender. They should be broken up into a number of different divisions and auctioned off to Toyota, Honda, PSA, Renault and Tata. The US car industry is profoundly broken and should simply sell up now. They have no hope on their own, this has been increasingly obvious over the past decade.

The birth of the new american mode of personal transport: corporate jet.