While our own government dithers impotently on the sidelines, the German government are taking direct action to protect workers and production for Germany as they bail out GM Europe and effectively take control of the company.
The German government has pledged billions of euros in loan guarantees to the company that takes over GM Europe.
Of course, the German government are not going to pledge billions of euros of German taxpayers cash to support British workers.
Professor David Bailey, a car expert at Coventry University Business School, said that, taking into account suppliers as well as Vauxhall itself, the total number of jobs that could be affected by the takeover is between 15,000 and 20,000.
This is the modern form of protectionism in action - with the German government carefully working around the EU rules to ensure that they protect their industrial base and their workers. Rather than clear, open and transparent rules protection of industry and workers is achieved through horse trading and back room deals done in secret.
The British government has blown its chance again. The deals will be done without them and the victims will be British workers in British jobs. It won't result in the immediate closure of the Vauxhall plants - Vauxhall is, after all, one of the few profitable parts of GM - but ultimately you will see production of the Astra move to Germany.
The crisis at GM was a golden chance for the British government to save the British car manufacturing industry - possibly the last chance. They've blown it.