I've been watching GM closely over the past few weeks.They have a slew of new product coming out, and Consumer Reports just listed them as having superior quality to all European brands, a first in 25 years.
As for the stock itself from a purely technical standpoint - I think it has fallen too fast, too far in the last few weeks.
I expect a 20% gain over the next few months, perhaps a good place to put some reliable cash while trading those pennies!