The US Auto majors were taunted a decade back for their technical excellence and they were amongst the most profitable automobile companies in the globe. Slowly but steadily, the Japanese auto giants started overtaking the US automobile giants and in the last few years they have grown faster in terms of profitability and also in terms of technology.

In the past few years due to dropping demand for their brands in US and also across the world, the US auto giants, namely Ford, Chrysler and General Motors, were seeing their top line recording flat to negative growth. Also , their profits were vanishing.

Now, with the deep economic crisis shocking everybody, the already weak US auto giants are deep in red, and are screaming for bailout financing from the US government. But the government is already bleeding with billions of dollars funding to the banks and insurance companies.

So the US government has already indicated that they may not be able to extend any financial help unless it is direly needed. The US auto giants have already done few rounds of presentations to the US government authorities including the FED, and they have even expressed their fear that any further delay in funding might lead to their bankruptcy. God only should help US and the world.