General Motors is going to declare bankruptcy. There's no way around it. They're in such dire straits, they may even lose Opel in Europe. Pontiac is as good as gone here. And the Chevrolet Volt is too damn expensive to produce.
Oh yeah, and bond holders won't forgive General Motors's $27 billion debt.
Many mass transit and environmental advocates have long lamented that, after GM tore up the streetcar lines, backed the construction of expressways, and fought various pollution standards, no one was ever able to find a way to rein the company in.
I believe someone has done that.
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