So the Bush administration has approved a $17.4 billion bailout loan to keep General Motors and Chrysler afloat.

Some $9.4 billion will go to GM in the next two months.

$4 billion goes to Chrysler and the rest likely will be channeled to Ford Motor.

It is said another $4 billion will be available for such automakers if the next federal financial rescue fund is released by Congress.

But the ‘Big 3′ automaker troubles are far from over as the emergency loan could spell more trouble.

The automakers albeit safe now, they still need to come up with restructuring plans by March next year.

They need to repay the loans immediately, and that could force bankruptcy.

To cater to such restructuring, the automakers have no choice but to sacrifices workers, creditors, shareholders, suppliers, dealers and others for long term plan.

Expect plenty of drama next year from these ‘Big 3′, we will not hear the last of them.

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