A key factor in all this GM brouhaha is that they are just a year off from starting production on the Volt, a mass-market fuel cell car that could potentially be a game-changer in the alternative-fuel car market. This piece has some information about what might happen to the Volt in various scenarios of a GM bankruptcy.I imagine that, should GM be taken to the chopping block, Volt will spin off as its own company (sadly, probably with much less marketing and production clout than it has under GM) or another hungry car manufacturer will scoop up the division, in the hopes of cashing in on the innovative car and its technology.
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