These high gas prices are going to really hurt GM, and I am almost sure that unless Newt can get in an implement his energy plan, within two or three years we are going to be faced with another GM failure. Why do I say this? Because, yes, they may sell more smaller vehicles, BUT, they are at risk of selling LESS SUVs and trucks, which is where their profit is generated.
If it isn't one thing, it will be another. Because of the government's intervention, GM went through its bankruptcy without having to address the problem that caused the bankruptcy in the first place -- union contracts and pension plans.
That's what ran them into the ditch in the first place. And that problem remains.
They'll go bust again. It's inevitable.