Unfortunately GM is destined to fail...again! 3 years ago when they started to layout plans for the Volt/Cruise project, many experts in the industry said they were going about it the wrong way. Now they roll out a $40K vehicle that is unaffordable, lacks the power the American consumer wants and still uses a cast-iron petroleum fueled electric generator to charge the electric batteries. In essence its just a really efficient 4-cylinder car.
Now they want to dump money into Mexican based facilities where the quality is low, workers are mistreated and shipping cost is outrageous.
The only plus is that the engineering and new machinery will most likely be done/supplied by workers in the states.
"It's better to burnout than to fade away!"