Yes, but they sold that "bank" AKA GMAC. Now they are free of all thier distractions and can focus on grass roots issues. You can thank Bob Lutz for that one.
I think GM will emerge as the strongest of the big 3 in 5-10 years. Again, its all part of their grass roots campaign.
For example, when I first started working for GM we had no info. on our racing division...what they were up to and how they were doing. When Rick Wagner hired Bob Lutz, we got weekly updates on races around the world that GM was participating in.
It takes a while to change the culture in such a large company, but it is happening.