This is crunch time for the US auto industry—and with good reason. The industry is facing a crisis unmatched since the Great Depression. When crises occur, the opportunity presents itself to achieve dramatic change. We've known for years that the American industry is in desperate need of dramatic change. So far it hasn't been able to engineer it internally. Now a crisis presents an opportunity—indeed an obligation—for external forces to impose that change. By Karl Ludvigsen