Not likely. The question to be asked is whether they can avoid bankruptcy. If Dephi can't reach a settlement with the UAW, GM will have to pick up the slack or stop production. I've read that they might burn through some $4 billion a month in that event.

Assuming that they can go Chapter 11 and shed their legacy costs then the next question to be asked is whether or not Ford can survive as they will still have those cost disadvantages.

If the government won't bail them out and the UAW won't budge, it seems as though they are between a rock and a hard place.

If I were running GM, I would simply liquidate the company. Sell off the Chevrolet and Cadillac brands and junk the rest. They are going down for the count anyway. What is the point of GMC anyway? Saab has been a bottomless pit forever. Pontiac and Buick are dead and only need to be buried. And that leaves Hummer with 11 mpg and Saturn which is just another GM model. Not much there. Sell the scrap iron to China and sell off the plants and real estate and distribute the proceeds to the shareholders and employees. Ford would be left with the domestic market and it would thrive. GM is dead but doesn't know it yet.