Yes they have. Unfortunately for taxpayers, this should have happened a long time before the government poured $20 billion into their business.
Now they'll get another $30 billion and the government will "own" a significant portion of them.
One can only wish the best for GM's future. Take a look at Social Security, Medicare and other government run programs that are almost bankrupt.
Let's also not forget that the current economic crisis was in part started by government sponsored Fannie Mae and Freddie Mac handing out loans to those who could never pay them back.
Although it's doubtful that GM will ever detach itself from the government, the better we'll all be if it can.
Last edited by Steve - Cars; 06/01/09 12:31 PM.