Here is my take........biggest failure with GM is the UAW contract. A guy on an assembly line is not worth $70 an hour. Paint him as the best headlight installer in the world, its still a job a high school drop-out can do with success. This is GMs weak point, the union has killed them. File under some bankrupt clause, and do away with the union and pay decent wages, problem solved. There is more workers than top mngmt jobs, so you can't blame the mngmt for breaking GM. Sure, they may need to kill some bonus money and incentives for mngmt, but the hourly paid union worker and lack of sellable products is what has killed GM over the past 5 years. No mid range sports cars, an ugly mid sized truck, no decent 4 door sedans......it pushed folks to honda, toyota, that were usually GM owners. Finally this year they redesigned the malibu, best it has ever looked since it came back into production. The only thing GM has going for them in the sales market is the silverado and suburban platforms, outside of that, they are doomed.

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2004 X-5 4.4
2007 Shelby Mustang
2008 Chevrolet Avalanche