We are not stupid, many of us knew the writing was on the wall a long time ago 
In 2005 I stated on this BBS that GM would go into Chapter 11. You GM slappies went absolutely epileptic and the insults have never stopped. 
NEW PREDICTION: Chrysler and GM both shut down by end of 2011.
1 out of 7 homes in the USA are either 3 months past due on the mortgage or in foreclosure and these are the owners with good credit, but terminally unemployed.
The commercial real estate bubble in the USA is just beginning to collapse.
The US government is close to insolvency at current rate of expenditures.
Canada federal deficit is completely out of control and eventually will be forced by currency markets to turn off the stupid spending.
Like the article and his majesty say; too many boats chasing to few fish. GM and Chrysler are failed corporations and they will be replaced by other manufacturers. It's just that simple. Get over the nationalism. It's irrelevant. 
I doubt if Chrysler makes it to 2011. GM may hang on until then, but if the market continues the freefall, GM may not make it 'til then either.
I'm predicting right here, right now, that the SAAR will not get above 10 million for 2010. If that does prove true, then Ford may not have a chance either.
Toyota is also in a precarious position. If the Yen keeps gaining against the US Dollar, Toyota, which still imports 45% of their cars into the US, their biggest market, the double whammy of the high value of the Yen, and a contracted US market is going to put Toyota into a big world of hurt. Of course Toyota happens to be much healthier than the "domestic" manufacturers, but its conceivable to see them slipping from the number one spot next year.
My guess is that we will witness further contraction of car manufacturers over the next two or three years.