I've not read these yet but I'm going to predict that the proposed restructuring includes cuts that are too shallow and occur over too long a period of time and are far to dependent on unqualified government guarantees. I'll have a chance to read them later today, I'm hopeful but not optimistic.
Copy of the GM Restructuring Plan
http://www.treasury.gov/initiatives/...turingPlan.pdf
Copy of the Chrysler Restructuring Plan - Summary
http://www.treasury.gov/initiatives/...lanSummary.pdf
Copy of the Chrysler Restructuring Plan
http://www.treasury.gov/initiatives/...turingPlan.pdf