Can the Volt save GM from bankruptcy?

Irrelevant or GM's Ace card?

CNBC's Phil Lebeau reiterated his belief that bankruptcy is not in the cards for GM. According to Lebeau the government made up its mind about saving GM some time ago. Check out this video of Lebeau on this issue, which includes a Chevy Volt test drive.

Yesterday, President Obama's task force drove the Volt and reviewed GM's EV plans. Since Congress built its plug-in tax credits around large battery plug-ins, such as the Volt, it does seem as if bankruptcy was probably never very likely.