General Motors may not make it. GM has a plan, part of which includes a March 31st deadline to have agreements of concessions from debtholders and the United Auto Workers union... the agreements will show the government that GM can become viable again. GM also submitted a restructuring plan to the Treasury Department on February 17th.

What does the restructuring plan include? The lay off of 47,000 workers worldwide by the end of the year, and the shutting down of 5 US factories. Great. Sounds like a fantastic plan.

In regards to the implementation of their restructuring plan, GM said in their annual report "If we fail to do so for any reason, we would not be able to continue as a going concern and could potentially be forced to seek relief through a filing under the US Bankruptcy Code."

In its report, GM also said "There is no assurance that the global automobile market will recover or that it will not suffer a signifact further downturn."

Hopefully GM isn't headed for a bankruptcy filing... only time will tell.