Two points:

1) I second SteveZ 's comment about folks buying cars. Any workout plan must be predicated on the assumption that people will be buying cars. They're not. I work in Baltimore Harbor frequently and the car lots where autos are stored after offloading from the incoming car carriers are chock-a-block full. They are putting cars in every spare lot available. This means they are NOT moving them to dealers, which means.....and so on. Until the consumer is more confident and has credit to buy at his disposal the car biz will remain on the skids, or worse.

2) The UAW (itself) needs the car companies more than the car companies need them. Their intransigence in this matter is puzzling.

In any event, we are in the midst of a massive sea change in our economy. 5 years from now it will not look like what we knew 10 years ago. There is going to plenty of pain to go around and a lot of casualties.