Can the Detroit 3 hang on?
The startling collapse in sales since April means the three automakers are burning through cash reserves at a terrifying rate.
Suddenly they have far more urgent deadlines for fixing their businesses. And they are considering a new range of actions that a few months ago were not on the table.
Investors are voting with their feet. Share prices for General Motors and Ford Motor Co. plunged last week — in GM's case, to a five-decade low. And privately held Chrysler last week was forced to tamp down rumors that it is about to declare bankruptcy.
The desperate Detroit 3 need to come up with enough cash, or access to cash, to limp to 2010, when they realize a combined $8.5 billion in savings from new contracts with the UAW.
Here are the key questions: