The company has been given 3 months to live. GMAC has over $57 billion in subprime mortgages to write-down sooner rather than later. Soaring gas prices can't be good for sales either. Plus unions make it extremely difficult to get rid of excess capacity, at least not cheaply anyway. 3 months. Next earnings report will make it painfully obvious just how fast the $20 billion cash balance is burning. Bankruptcy will be the only way to shove it to the unions and make needed reforms however it will be too little and far too late. There will not be a government bailout since there are hundreds of large companies on dire-straits also lobbying the government hard.