Unsold 2008 Denalis sit at a GMC Truck dealership in the south Denver suburb of Littleton, Colo., on Sunday, Aug. 17, 2008. Meanwhile, General Motors Corp. reported a 20.3 percent drop in sales from a year ago but a 31 percent improvement over its July totals, mainly thanks to offering all buyers employee pricing on many models. (AP Photo/David Zalubowski)
A Hummer display is shown in the showroom at the Williamson Cadillac dealership Monday, June 1, 2009 in Miami. General Motors Corp. said Tuesday that it has tentatively agreed to sell its Hummer brand, a day after the U.S. automaker filed for bankruptcy protection with hopes that it will transform its most profitable assets into a new company within just 30 days. (AP Photo/Wilfredo Lee)
FILE - In this March 21, 2007 file photo, Edward Whitacre Jr., then, chairman and CEO of AT&T, delivers a keynote speech during the TelecomNEXT convention in Las Vegas. Whitacre, eventually will replace Kent Kresa, who will remain GM's interim chairman until the reorganized automaker emerges as a new company that's majority-owned by the U.S. government. (AP Photo/Jae C. Hong, file)
FILE - This April 21, 2009, file photo shows General Motors world headquarters in Detroit. With GM still righting itself, "it's just too soon" to think about a name change, company spokeswoman Susan Garontakos said. But she acknowledged the idea is part of discussions within the company.(AP Photo/Paul Sancya, File)
In this file photo taken May 15, 2009, a model poses with a car from the Chevrolet brand under General Motors Corp. during an auto show in Beijing, China. In an interview with The Associated Press on Thursday, May 28, United Auto Workers President Ron Gettelfinger said GM will not import the cars from China and had agreed as part of a concession deal to build them in the U.S.(AP Photo/Ng Han Guan, File)
FILE - This Jan. 16, 1969 file photo shows exhibitors at the Brussels Car Show held at the Plais Du Centenaire, in Brussels. General Motors survived wars, strikes and the Great Depression churning out Chevys, Cadillacs and other vehicles that often defined their owners' status in life. But less than a year into its second 100 years, it's coming to the end of a road, ushered by the government into bankruptcy protection. (AP Photo/File)
FILE - In this Jan. 12, 2009 file photo, the General Motors logo is seen on display at the North American International Auto Show in Detroit. The clock is ticking on a June 1 deadline for General Motors Corp. to restructure, and this make-or-break week is expected to bring more plant closures, employee concessions and other last-minute efforts. (AP Photo/Paul Sancya, File)
President Barack Obama, accompanied by members of his Cabinet and staff, speaks about General Motors and the auto industry, Monday, June 1, 2009, in the Grand Foyer of the White House in Washington. (AP Photo/Charles Dharapak)
General Motors CEO Fritz Henderson, right, speaks to the media as he departs US Bankruptcy Court after his company filed for bankruptcy protection, Monday, June 1, 2009 in New York.(AP Photo/Stephen Chernin)
A customer looks at a Hummer for sale at a General Motors dealership in Burlingame, Calif., Tuesday, June 2, 2009. GM has an agreement to sell its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co. of China, said a person briefed on the deal. (AP Photo/Paul Sakuma)
FILE - In this Feb 23, 2009 file photo, the logos of Saab and General Motors, GM, are seen in front of a car dealer in Stuttgart, Germany. General Motors Co. said Tuesday, Nov. 24, 2009, a Swedish specialty car maker has ended plans to buy GM's Saab brand.(AP Photo/Thomas Kienzle, file)
FILE - In this Feb 23, 2009 file photo, the logos of Saab and General Motors, GM, are seen in front of a car dealer in Stuttgart, Germany. General Motors Co. said Tuesday, Nov. 24, 2009, a Swedish specialty car maker has ended plans to buy GM's Saab brand.(AP Photo/Thomas Kienzle, file)
FILE - In this Oct. 15, 2009 file photo, General Motors CEO Fritz Henderson listens to a question during a news conference at the GM Daewoo auto plant in Incheon, South Korea. General Motors Co. said Tuesday, Nov. 24, 2009, Swedish specialty car maker Koenigsegg Group AB, has ended plans to buy GM's Saab brand.(AP Photo/Ahn Young-joon, file)
FILE - In this Feb 23, 2009 file photo, the logos of Saab and General Motors, GM, are seen in front of a car dealer in Stuttgart, Germany. General Motors Co. said Tuesday, Nov. 24, 2009, a Swedish specialty car maker has ended plans to buy GM's Saab brand.(AP Photo/Thomas Kienzle, file)
FILE - In this Oct. 15, 2009 file photo, General Motors CEO Fritz Henderson listens to a question during a news conference at the GM Daewoo auto plant in Incheon, South Korea. General Motors Co. said Tuesday, Nov. 24, 2009, Swedish specialty car maker Koenigsegg Group AB, has ended plans to buy GM's Saab brand.(AP Photo/Ahn Young-joon, file)
FILE - In this Feb 23, 2009 file photo, the logos of Saab and General Motors, GM, are seen in front of a car dealer in Stuttgart, Germany. General Motors Co. said Tuesday, Nov. 24, 2009, a Swedish specialty car maker has ended plans to buy GM's Saab brand.(AP Photo/Thomas Kienzle, file)
Chrysler President James Press, right, and General Motors President Fritz Henderson, left, appear before the Senate Commerce Committee chaired by Sen. Jay Rockefeller, D-W.Va., as they defend their decision to slash dealerships around the country despite many hardships, saying the moves are unavoidable as they fight to overcome bankruptcy and survive, on Capitol Hill in Washington, Wednesday, June 3, 2009. (AP Photo/Alex Brandon)
In this Nov. 1, 2009 photo, unsold 2009 Chevrolet Suburbans sit in a long row under a General Motors sign at a Chevrolet dealership in Englewood, Colo. General Motors Co. said Monday, Nov. 16, 2009, it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business. (AP Photo/David Zalubowski)
General Motors Corp. President and CEO Fritz Henderson speaks during a news conference at company headquarters in Detroit, Monday, Nov. 16, 2009. General Motors Co. says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business.(AP Photo/Paul Sancya)
FILE - In this Jan. 12, 2009 file photo, the General Motors logo is seen on display at the North American International Auto Show in Detroit. General Motors Co. said Monday, Nov. 16, 2009, it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business. (AP Photo/Paul Sancya, File)
In this Nov. 1, 2009 photo, unsold 2009 Chevrolet Suburbans sit in a long row under a General Motors sign at a Chevrolet dealership in Englewood, Colo. General Motors Co. said Monday, Nov. 16, 2009, it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business. (AP Photo/David Zalubowski)
General Motors Corp. President and CEO Fritz Henderson speaks during a news conference at company headquarters in Detroit, Monday, Nov. 16, 2009. General Motors Co. says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business. (AP Photo/Paul Sancya)
General Motors Corp. President and CEO Fritz Henderson speaks during a news conference at company headquarters in Detroit, Monday, Nov. 16, 2009. General Motors Co. says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business.(AP Photo/Paul Sancya)
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