Shouldn’t that be “when GM fails”?

With clowns like Red Ink Rick and Bob Lutz, GM has been in a steady nose dive.

Why are they still in charge?

GM can get some fancy lawyers to spin off some healthy units and leave the debt on the rest and get into Chapter 11 like many others have done or kiss it all good bye. Darned Statik has been calling it right all along but I’m still hoping for a Volt.

Over a waterfall in a barrel, that’s the feeling.

I expect it likely they will sell the assets to the Chinese car companies. Rumor has it that the Chinese government has given the green light for their big car companies to pick up the pieces of GM and Chrysler (It may be a rumor, but it certainly makes sense. Who else would be interested in buying the American car companies? It has to be some sovereign with enough wealth to make it float in these financial times… What countries with cash want to break into the world car market? Certainly the Chinese government. Russia, maybe? Another Dubai/UAE deal?)
http://www.thetruthaboutcars.com/breaking-news-chinese-may-buy-gm-and-chrysler/

I expect most of that would mean shuttering the American operations and shipping cars from the Chinese-based joint ventures. Since GM hasn’t really ramped up anything volt-like in the Chinese joint ventures, sadly, I expect that is the end of the \Volt.

It’s not a tremendous surprise. Most car companies have been satisfied with the basic status quo for decades. None of them have shown any real interest in electric cars. I’d say only GM with the \Volt and maybe Renault/Nissan with Project Better Place funding. But that’s hardly world wide sales, more like custom fleet sales to a couple smallish countries.