If the past is any indicator, the labor deal struck between the UAW and GM could be a template for Detroit's other automakers. The deal includes investment in six plants and 6,400 new jobs.
The GM IPO raised $20 billion of the $49 billion that the federal government spent to bailout GM. But the finish line is still years away.
Obama, at a Ford plant in Chicago on Thursday, said the automaker's plan to increase auto exports fits with his aim of doubling sales of American products abroad over the next five years. The plant will produce a more fuel-efficient 2011 Explorer for foreign buyers.
Auto sales are up, even for the Big Three. The worst may be over for US automakers – and for Michigan.
General Motors will drop four of its eight nameplates. What about service and warranties?