[Eric in the Ozarks]

They should make a run for bankruptcy court and see if they can reopen some of the union contracts.
WSJ put it best, describing the company as a welfare program that incidentally manufactured cars.

[Ramius]

I dunno if bankruptcy would help or not. But what they really need for the long run is simple: Better design. They're getting their butts munched by Ford, ~and~ Chrysler fer cryin' out loud.

I don't even really like the new Chrysler style all that much, but it definitely shows an outta-da-box style shift. It will work for them. Ford has completely hit one outta the park with the 05 Mustang. They will sell a buttload of those.

GM needs to make some fun cars, and then people will buy them. It is precisely that simple.