They are trying, I'll give them that much. I like the new Vette, the engineering and quality they put into those things is a bargin for $50k. The old Vette's however are POS plastic rattle traps.
Stick a 1990 Vette next to an 07 Z06!

Night and day.
The problem is the average public who don't follow things like this as close as we do, still preceve GM as building junk.
The real queston is can GM turn a profit before the clock runs out? Will York, Kirk's henchman force them to sell off Sabb? Kill Pontiac? Will the $14B thats coming in over the next 3 years from the sale of GMAC be enough to aid in the turn around?
Meanwhile Toyota is figuring out what to do with the billions they have in the bank.
Its an interesting story to watch play out thats for sure.