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They have to be allowed to fail. The auto companies in the US have been a failure for a long time and they have to be put out of their misery.
Other car companies like Honda, Toyota and VW will pick up the slack and take over some of the factories in the US and increase their car production here. That is just natural since people will continue to buy cars. It is a necessity for most people.
There are a lot of other industries that depend on the big three to buy their products while building their cars. So if you let the big three fail, those other companies will also fail and then, and what do you expect the 25 million or so folks that will be laid off do to pay for their cars, clothes, food and housing?