General Motors (GM)
-Talking about restructuring/downsizing unprofitable European business and renegotiating labor/pension agreements
-Average US car life is high: 10.1 years. So, people are likely to buy cars if the general economy gets better
-Impossible to go bankrupt, given US government support. US has incentive to promote pro-GM policies, as 1) elections mean politicians will pander to unions, and 2) US owns 26% stake and wants to sell. So, they have incentive to drive the stock price up.
-Rival companies (like Hyundai) getting better
-UAW still has them by the balls, though not as bad as before