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Letting a major automaker fail would be costly. But some argue that they aren't worth saving.
By Chris Isidore, CNNMoney.com senior writer
Last Updated: October 29, 2008: 7:06 AM ET
NEW YORK (CNNMoney.com) -- Are General Motors, Ford Motor and Chrysler LLC too big to fail? Or just too powerful?
Those are key questions being weighed this week as Treasury Department officials and executives at the troubled automakers discuss whether the Big Three might be the next corporate icons to get a federal bailout.
Sales at GM (GM, Fortune 500), Ford (F, Fortune 500) and Chrysler are down 20% this year and are likely to fall further. The losses that have dogged their core North American automotive operations for years are poised to climb higher.
The Big Three bailout debate - Oct. 29, 2008
By Chris Isidore, CNNMoney.com senior writer
Last Updated: October 29, 2008: 7:06 AM ET
NEW YORK (CNNMoney.com) -- Are General Motors, Ford Motor and Chrysler LLC too big to fail? Or just too powerful?
Those are key questions being weighed this week as Treasury Department officials and executives at the troubled automakers discuss whether the Big Three might be the next corporate icons to get a federal bailout.
Sales at GM (GM, Fortune 500), Ford (F, Fortune 500) and Chrysler are down 20% this year and are likely to fall further. The losses that have dogged their core North American automotive operations for years are poised to climb higher.
The Big Three bailout debate - Oct. 29, 2008