Its not a good day for the Automotive CEOs

As I read the news today, I find two pieces about executives of automaker companies resigning.

First is about GM's CEO resigning as part of a bailout deal (I don't understand why are they fighting to let GM survive, it died a long time ago, let the market dectate the rules). The second is about Peugeot's current CEO whom got fired earlier today.

A lot of restructuring has to happen to the  industry all over the world. These giant old companies have to be able to manuever this crisis in a better way. There is no place for ill ones.