It's taking longer because they got more money, but the numbers don't lie:
I predict Obama will just throw more money at them.General Motors, because of its White House-inspired abrogation of bankruptcy law, never really fixed its various contract problems with the unions. Its costs remain too high to be truly competitive and it has bound itself to the federal government -- in classic, crony-capitalistic style -- to produce useless electric paperweights like the Chevy Volt.
The result is as you might expect. GM's stock price continues to slide while its accounting skulduggery escalates to paper over the shortfalls.