The Company is engaged in the worldwide development, production, and marketing of cars, trucks, and parts.
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I think GM makes pretty good cars. But their business model and cost structure is outdated and unsustainable, and will force them into bankruptcy so they can reorganize and become a stronger company in the future. I don't think they can turn things around without bankruptcy. Management and the politicians will find the necessary steps too unpalatable until they have no choice (i.e. forced by a bankruptcy judge).