GM's Volt - Will it save GM?

Known:

1. Only 10,000 first year will be sold.
2. Volt is due in late 2010
3. Low margins due to development cost
4. Will sell for around $40,000
5. Toyota will have a plug in available by 2010.
6. SUV Hybrids have sold poorly.
7. Conversion kits for a Prius to make it a plug in costs $6000 to $30,000
8. GM has a poor history of introducing new technology.
9. GM is hemorrhaging about a Billion a month
10. Each GM employee is supporting 3 retirees and dependents.
11. GM has tremendous over capacity.
12. GM has poor labor relations.
    

So I don't under how the Volt will save GM?

Excellent oped/article with some ideas that make sense: How Detroit Drove Into a Ditch