Does this company deserve to live?

From today's Detroit Free Press: GM pins hopes on pickups.

Today I paid $3.19 a gallon for gasoline. With worldwide energy demand growing inexorably, and the dominant petroleum-producing regions perpetually teetering on the edge of war, it seems unlikely that the price of gasoline will drop significantly over the long term. Am I interested in spending $30,000 for a vehicle that, if I'm lucky, will barely get over 20 mpg "with some engines"? Is this going to "revitalize" the company?

Of course, GM could have been far ahead of everybody else with a popular, useful all-electric commuter vehicle... but no, that would make too much sense.

I'm sorry to have to say it, especially since the local economy is entangled in an inextricable deathgrip with US automakers. But companies this stupid deserve to die.