To me, General Motors Corp. (NYSE: GM) is beginning to take on the persona of Rocky Balboa, the consummate tough guy who is winning against all odds. Forget for a moment who sells more autos and just look at all the smart work it has taken to get GM this far in the struggle to effectively manufacture and market automobiles. Take a contrasting look at the last few week's announcements from America's auto manufacturing block. Take a look at the news about Ford (NYSE: F) and Chrysler in contrast to what you hear about GM. It is my opinion that of those three, GM is the only company which has a realistic grasp on what it must do to survive and regrow.
General Motors posted 2007 second-quarter adjusted net income, excluding special items, of $1.4 billion, or $2.48 per diluted share, compared to $1.1 billion, or $2.03 per diluted share, in the year-ago quarter. However, bear in mind that while GM increased its market share over 9% outside of North America, it's global market share was down 0.4%, meaning that there was a decline in the number of vehicles sold at home. Current analyst consensus is a quiet hold on GM. I would take that position also, but overall I expect GM shares to move steadily upward as company outlook improves.
Venture capital is flowing, engineers are chomping at the bit and layman sources claim that mechanical components of the Chevy Volt are already being road tested on the streets of Detroit. 
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