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I actually watched a whole news cast about this today, forgot the channel but they talked for over an hour about it. From what i watched, According to legal sources around GM, IF they have to go to bankruptcy they would for sure sell off/let go of Hummer and Saturn and for sure keep Chevy, GMC, Cadillac under the GM name, almost certainly keep Buick as well and if they can keep Pontiac. It shouldn't be a surprise about them letting go of Hummer as they have been trying to sell it off for a while now. As for splitting off as a second company to keep the the other brands it doesn't look likely, with the way things are going if they have to do this they wouldn't just transfer the debt brands (well brand really) to another company to go through the same trials, they would just try and get rid of it.
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