US Auto industry may need a correction

http://news.bbc.co.uk/2/hi/business/7715896.stm
http://news.bbc.co.uk/2/hi/business/7647708.stm
When I started my life in US, in Bay area, what surprised me was that series of big car dealerships, located on either side of El Camino Real. It created an impression in me that Americans eat cars for breakfast. Car is a utility and I do not think that should be elephant in the room. And with this rising environment consciousness, US can no more afford to have elephant. So what I am saying is that Auto industry has to shrink and adjust to global reality. (Please note that I am not an Auto industry specialist :-) )
Auto industry has not played fairly; I read about an instance where GM bought a public transportation system just to kill. Also, just few years back, GM was broadcasting it's lack of support for sensible cars. So I do not have any sympathy for Auto industry. Yes, jobs will be lost but as I described above, Auto industry may need a correction.

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