GM will keep its most valuable assets

General Motors is in the process of closing its weakest brands like Pontiac and Saturn. It is selling its money-losing European operations, and it is ending its relationship with almost a quarter of its dealers.

For some time, GM's most valuable assets have been its fast-growing business in China and its often-profitable operations in Latin America. The bankrupt company has had the sense to try to hang on to those, knowing that they may be critical to the firm's turnaround and future earnings.