Just 32% of American adults now have a favorable opinion of General Motors. That’s down 10 points from 42% a month ago and down 37 points from 69% two years ago.

The latest Rasmussen Reports national telephone survey shows that 60% have an unfavorable opinion of the struggling auto giant, including 23% with a Very Unfavorable view. A month ago, just 49% held a negative opinion of General Motors.

Chrysler, the other auto company currently being kept afloat by federal loans, is viewed favorably by 33% and unfavorably by 59%. A month ago, those numbers were 36% and 54% respectively.

While opinions about GM have slipped a lot in the past month and those about Chrysler have slipped a little, Ford has seen little change in terms of public perception. Fifty-one percent (51%) now have a favorable opinion of Ford, up from 49% a month ago.

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When Congress failed to agree on a bailout plan for the automobile industry late last year, President Bush authorized loans for Chrysler and GM, both of whom said they faced bankruptcy without federal help. In exchange, the two companies promised to return in March with plans for a radical overhauling of their operations. Chrysler borrowed $4 billion and requested an additional $5 billion last month. GM borrowed $13.4 billion in the first go-round and asked for up to $17 billion in February.

GM's own auditors this past week questioned whether the company can survive, given its continuing losses and inability to generate cash for continued operations.

Ford has not sought any government help, and, according to published reports, is retooling at a faster pace than either of the companies relaying on government aid.

General Motors and Chrysler have said they need more federal money to stay afloat, but 64% of Americans are opposed to more bailouts for the auto industry.

Senior citizens have a lower opinion of GM and Chrysler than do adults under 30. The opposite is true for Ford.

Fifty-eight percent (58%) of investors have a favorable opinion of Ford. Just 33% of inverstors say the same about Chrysler, and 30% hold that view of GM.

Most U.S. voters say either GM or Chrysler is at least somewhat likely to go out of business over the next few years.

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