American cars aren't nearly that bad of a product, with some exceptions, in the last decade or so. Their quality increased quite drastically. Some as good or better than foreign.
The problem was as mentioned earlier, the price for US made cars is ridiculous mainly due to Unions. Go to Germany, guess what everyone drives there? Mercedes. Why? They are cheap there. I mean dirt cheap compared to what gets sold here and they lose none of the quality. Go to Asia and the same thing with Toyota. Majority of the cars on the road in Japan are Toyotas. Why? Great cars at a great price. I'm talking a Camry is ridiculously cheap over there compared to here.
So why can't US auto manufacturers do the same? simple, they are greedy bastards who hire through greedy unions. Meaning, that they have to pay someone $45 an hour just to change a lightbulb.
Unions were needed way back in the day before the government did it's job in making the work place as it is today. Meaning, minimum wages, non discrimination, benefits, so on and so forth. At a time, the government didn't do this, usually due to corruption, and the Unions were needed. Now it's the Unions that are corrupted and need to get the fack out. They are a dinosaur in this day and age.
If the big 3 were able to sell their current line up of cars at half the price of the current offering or less and still turn profits, this bail out wouldn't even be needed. 70% of Americans would be driving domestic made cars instead of the other way around.
So would I buy a car from a company gone bankrupt? If the price is right then I'll make the shoe fit
Meaning if Mustang GT V8's were suddenly at $10K or less, I'd be trading in right now for one.