The key factor that doomed the big 3 car makers in US is the unions. They forced a high cost structure and no one was able or willing to fix this (automation that reduced labor costs meant less jobs). The big 3 were forced to make giant SUV's/trucks that had higher margins, but sales evaporated when gas prices went up in 2000's. This is documented in Paul Ingrassia's Crash Course. As long as the tech companies don't unionize, I don't think they will require government bailouts. In fact, we've already seen the pattern; tech companies that pass their peak undergo layoffs.
buzzkillington|6 years ago