(June 2010) The bankruptcy of General Motors may turn out to be one of the best things that ever happened to the company, according to Edmunds.com.

"With the company much leaner and more focused it is making a profit even in today's tough market," stated Edmunds.com CEO Jeremy Anwyl. "This bodes well for GM's profit potential for when the market fully rebounds."

"GM introduced some excellent product to the market over the past year, and we must remember that these vehicles were in process for at least three years — well before the financial collapse required the company to beg for help," commented Karl Brauer, Editor at Large at Edmunds.com. "This suggests that the organization is healthy beneath the surface."

"GM must maximize its second chance by continuing to turn out great products at a profitable level without getting distracted by egoistic pursuits," asserted Edmunds.com Senior Analyst Jessica Caldwell. "It makes no sense to vie for the title of world's biggest automaker if that puts them back into the hole from which we just rescued them."

"In the future the automaker must return to public ownership, repay taxpayers, fund union health care and earn profits — not easy tasks," reported Edmunds.com Senior Analyst Michelle Krebs in her report on AutoObserver.com. "Going forward General Motors needs strong, stable leadership that assures the American public that the company will remain on track."