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"Detroit was in shock today," stated CBS' Anthony Mason. He weighed General Motors' fate: it did sell more than 8m vehicles worldwide in 2008 and is "still the world's second biggest automaker;" on the other hand it has posted losses of $80bn over the past four years. Detroit auto critic Mark Phelan told NBC's Pete Alexander that, unlike Chrysler, GM has "demonstrated that it has a future. It needs a bridge to get from here to there." Yet even the union hall for the workers who build prototypes for GM's future models has seen downsizing that has "already gutted the membership," ABC's Chris Bury (at the tail of the Tapper videostream) pointed out. "The clock is running. Even more concessions may not be enough if car sales continue their dismal spiral." Bury asked GM's new CEO Frederick Henderson whether there is "more pain and sacrifice ahead for the employees." "There is more pain and sacrifice ahead for all of us. Yes."
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