GM: not doing well, but going back to the well anyway

GM seeks another bailout, from Europe.

General Motors tried to sell Opel. No deal. So now GM is asking for almost $5 billion dollars, less than 4 billion Euros, to restructure Opel and the rest of its European operations. Will the EU put up the cash?

I blogged recently about GM using its Volt tech to put some electric spark into other GM brands, including stodgy Opel. The Volt, a GM plug-in, is due to launch in the U.S. in about one year.