Writing in Fortune, Alex Taylor III looks at the new GM. An excerpt:
At the outset, let's establish one fact: Assuming an entity called "General Motors" does emerge from bankruptcy, it will be a different company than the one that went in. Only the good bits will come out: Chevy, Cadillac, Buick, and GMC and the plants needed to make the parts and assemble the cars and trucks.
The bad bits -- Pontiac, Saturn, Hummer, Saab, Opel and other legacy operations -- will be left behind in another company. New GM could emerge from bankruptcy in 60 days to 90 days; old GM could be stuck there for several years.
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