Given the country's ongoing recession, I decided to look into how much of a RISK to overall EMPLOYMENT numbers (payrolls) it'd be if any or all of the U.S.'s 'Big 3' Auto Manufacturers were to go under/declare BANKRUPTCY. While I have trouble envisioning a scenario in which ALL 3 U.S. major automobile manufacturing companies are 'allowed' to FAIL (I believe the government will step in at some point and most likely arrange/force a merger of at least 2 of the 3 companies to prevent a massive loss of JOBS), I do believe there's a solid chance of seeing AT LEAST one company go under before the current recession runs its course. Regardless of WHO goes under, given the amount of JOBS each of these companies are directly responsible for (and don't forget about each of their major auto parts supplier relationships...job losses will unfortunately be felt 'indirectly' on that end as well if any of the Big 3 fail), when one of these entities eventually collapses, the ramifications to the U.S. (and of course Michigan as all 3 of these companies are headquartered in Michigan) economy will most certainly be negative (I think I just set THE record for most commas in a run-on sentence).
* According to Hoovers and year end 2007 data :
1.) General Motors (GM)
2007 Employees: 266,000
2007 Sales: $181 Billion
2007 Profit (Loss): negative $39 Billion
2.) Ford Motor (F)
2007 Employees: 246,000
2007 Sales: $173 Billion
2007 Profit (Loss): negative $3 Billion
3.) Chrysler (private company)
2007 Employees: 72,000
2007 Sales: $49 Billion
2007 Profit (Loss): N/A
Data Courtesy: Hoovers
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