This is a much more complex discussion on a much larger scale. If you are going to equate profitability to managerial expertise only then you need look no further than any level of government that constantly runs deficit budgets. Essentially your governments are bankrupt each and every year and have been so for decades. I would have to go back and research when the last surplus government budget existed. And these deficits have all occurred lately in a booming economy. The old argument was that you only needed deficits for the years of economic down turn. So, as has been rightly pointed out above, the auto sector, for better or worse, has been a major component of worldwide GDP and is a major contributor to the economy in terms of employment, taxes, etc. Those auto workers that get paid well, will buy cars, houses, clothes, pools, vacations, and go to restaurants. If you allow those jobs to be eliminated, then they become potentially unemployed with no opportunity for re-employment and therefore a dependent on some level of social assistance anyways. Not all can find new jobs in new sectors as their individual skills may not be transferable. I am not a big fan of government bailouts to corporations. Having said that, these times with the current pandemic are not the fault of negligent management. They are a casualty of this economic hit along with everyone else. If the stock market plunges 30% I am going to suspect that a few C8 buyers will be bailing out. Now lets extrapolate that across the entire product line. How many people that may loose their jobs, their retirement savings, etc. now will delay or simply not be in a position to buy a new car or truck. The big three will most certainly be taking a hit. and yes this will filter down to dealers everywhere. Remember that when a government says they will provide a stimulus package of money, its not their money, its yours. There is no pot of money sitting somewhere. They can print it and it eventually will be converted to tax revenue. Meaning your taxes will go up. On income, property, gas, etc. etc. We all pay for these bailouts, whoever gets them. Having said that, I support temporary measures to shore up the auto sector in the event of COVID-19. Not bailouts but loans that will be backed by shares and hopefully made whole when the companies return to profitability.