Last year was likely the best opportunity GM is going to have to show better fiscal results than Ford for various reasons, not the least of which was Ford bringing an aluminum intensive F-150 on line and all the costs, delays, and complications involved in that rather radical process. Despite that opportunity GM did not deliver in terms of besting Ford. Almost everybody but the fool is indicating that Ford is the stock to buy here, and for good reason, Ford has realistically been the better buy here since 08 and will likely stay that way for quite some time.
Cash-flow issues at GM are largely due to the fact that the new boss in the Rencen really is just the old boss with long hair, lipstick, and a coach bag. As such they still have most if not all of the same internal issues they did pre-reorganization, and that is a big problem.