GM’s financials haven’t been this bad since the Great Depression

For some time I’ve been wondering how much a drop in gasoline prices coupled with a weak US economy would inhibit the big green push to hybrid cars and electric vehicles. Consumers, I’ve worried, might lose interest as automakers struggle just to survive.

Predictions for that struggle have just become even more dire. In 2009 the global auto market could suffer an”outright collapse” due to limited credit and a poor economy according to JD Power.

Is the end of the auto industry, as we know it, over?