Wanna buy GM?

As of the close of trading in the U.S. today, GM's market capitalization (the total value of equity investments in the company) was around $2.7 billion. For now, at least, the market is betting that GM won't recover from its slump. Could GM become an acquisition target for a European or Asian car manufacturer? Renault, Peugeot/Citroen and Fiat have all talked about reentering the U.S. market at one time or another. One of the myriad of Chinese manufacturers could scoop up GM and use it as an entryway into the U.S. market. The problem, however, is GM's enormous obligations to its employees for jobs, pensions and medical insurance. Any acquirer would either have to take on those obligations or figure out a way to get rid of them, such as massively transferring production outside of the U.S. to plants not represented by the United Auto Workers. That's why an acquisition of GM by a competitor, as appealing as it might look on the surface, is probably not in the cards.