What is happening to auto is mostly caused by 1) the financial crisis making credit scarce and 2) a huge drop in demand (30-40%) that no industry could sust

What is happening to auto is mostly caused by 1) the financial crisis making credit scarce and 2) a huge drop in demand (30-40%) that no industry could sustain If this were true, all auto makers would be going bankrupt. But, it's only GM and Chrysler. The well-run auto makers need to expand, the badly-run ones need to contract, and we need new entrants into the market. I don't want the industry to be destroyed, but change is inevitable.