thier business model is broken, that is why bailing them out is just a banaid and long term will not work without major consesions, from the unions.
However managment has been wrong too, they have had since the Arab Oil Embargo in the 70s to figure out that we wanted quality fuel efficint cars. The Japanese figured it out and would have never gotten the foothold they did without the lines at the gas pump that Detroit ignored.
I am old enough to remeber not being able to buy gas on Sundays.during the embargo,,, think about that for a minute....