Bank of America tells Detroit’s Big 3 they can’t make money in China and should just leave the hypercompetitive car market ‘as soon as they possibly can’

I read this as "We're not competitive on a global market anymore, so let's retreat into an shrinking niche, until we're gone or someone buys us".

Sure, they can't compete in price, considering Chinese subsidies, but how about competing in the upper market, with quality and sophistication.... Oh, wait... those are US car makers. They wouldn't know quality if it smacked them in the face.

Well, then. Leave the low end to China and the high end to Germany and Japan then.