The US automobile giants Chrysler, General Motors and Ford have been ruling the global automobile scenario for over a decade till 2007. But when the US market started sinking , these companies started feeling the pressure on their top line and bottom line.

These companies continued to focus on high end oil guzzling models which were slowly fading out of favor of car buyers, and they were not present in the small sized economy segment. The growing segment was flooded with supplies from Toyota and Hyundai and other Japanese companies.

By the middle of 2008, these companies went into deep losses, and now they are running on financing by the US government.

The Obama administration is likely to show the doors for the inefficient companies and all the three are likely to sink into air by the end of 2009, unless something drastic happens.

These companies have been asking for additional funds from the US government, but the government has asked them to work out realistic restructuring plan in due discussion with their labor force and also their bankers.

Already Toyota has taken over the mantle of being of world’s largest car producer from General Motors, and the title is likely to be retained by it for at least few more years.