Consumer Reports magazine today issued the following statement on Congress' proposed emergency aid for U.S. automakers:

"Consumer Reports has concerns about letting domestic automakers fail. The loss of any major auto manufacturer would leave consumers with fewer choices and the industry with less competition and innovation, particularly at a transitional time when the industry is pursuing alternative energy technology. Moreover, the impact of losing a domestic automaker on the U.S. economy and jobs could be severe. In Consumer Reports testing and surveys, we've seen some progress among the  domestic automakers lately, with improved reliability and performance in certain models. But sustained progress is long overdue.  If the government is going to come to the rescue of the automakers, it shouldn't be a bailout without any strings attached. There need to be strict conditions so taxpayers are protected, and the automakers are held accountable to make the necessary changes to become more economically viable and energy efficient."

See how domestic models fared in our 2008 Car Reliability Survey.