the hummer line is the stupidest line of vehicles GM ever introduced. they deserve to go under just for it.
this bankruptcy has been visible for quite some time, i just think everyone has chosen to look the other ways. GMs been cash strapped for years, the unions have continually taken them to the 'car wash' and they produce inefficient overpriced crap. costs continually went up; quality has gone down, (passenger cars), as did demand for their major money makers..... (SUVs)
ford and dodge are all the same. i mean, honestly, how many different variations of an SUV or minivan do you need? theres thousands. all over priced. i can't believe more people didn't see this when gas hit 1.50 last year and GM was still producing Yukons and suburbans in record numbers........... and have been for the last 5 years.......
now that they are bankrupt though, they can sell off assets and get rid of the unions. that alone will bring them back to profitability.
one of their main issues has been the big three have shrunk their own market. people in Toronto, Montreal, and Vancouver will always be more liekly to buy something smaller cause of city living. the big three have just continued producing beasts, and nothing smaller. the sunfire/Aveo/(insert SUV of choice) just can't compete with anything made by nissan/toyota/hyundai etc. last time i checked most people in Toronto don't want/need a 1 tonne to drive to work. i think here in Alberta we forget about that cause everyone here is in the patch or needs/wants/have a truck for some reason.
furthermore, they forgot about a major marketing group; thats young adults; not everyone has oil money or company allowance to buy a 60k truck. what other options do you have at a dodge dealership? goto a hyundai dealership, and u can get setup with a new car for 10k. you can't find anything at eh big three for under 20 these days
if they wanna get strong, they'll follow market trends