Saab may go bust in 10 days

Saab, the Swedish carmaker owned by America's General Motors (GM), could go bust within ten days without an immediate injection of state aid, the US company warned last night.
GM said last night that as part of a sweeping restructuring of its global operations, it aimed to sell Saab along with other underperfoming businesses including its Hummer brand.
However, GM said that Saab was losing so much money so quickly that, without government intervention to secure its future, the subsidiary could be forced to file for reorganisation by the end of this month.
“Given the urgency of stemming sizeable cash demands associated with Saab operations, GM is requesting Swedish Government support prior to any sale,” the Detroit-based group said.

I dont get the reasons for bailing out all these companies, if they are not making a profit then close them and re train the staff to do things that will make a profit.

Or take them over completly and cut all the excess money wasting that goes on in most of these companies.

between the motor and finance industries they have paid bonuses of billions to people that have been loosing money, for years and not adapting to todays markets, bailing them out will just enable failed businesses to keep on failing.