Crash and burn scenario looming for USA auto manufacturing and vehicle financing

Huge expansion of auto credit bubble about to burst. GM and Chrysler find themselves on track for more conflict with the government .

Both firms have seen their biggest lenders
[[GM Financial and Banco Santander)
subpoenaed by the Department of Justice in investigation into the lending and securitization of auto credit.

Lenders are slowing their auto-credit expansions as loan terms and defaults head upward.
The subprime lending boom that has kept GM and Chrysler in the game over the last five years.