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I completely agree with your assessment on the economic factors, and the European factors.

But, most of the blame for the conditions of "our" car companies, lies with them and with government intervention in their management, and with unions becoming the de-facto decision makers for them, and of course, the massive number of regulations that those car companies have to deal with, and, very importantly, the high taxes that those companies have to pay to uncle same and other local and state entities.