Negative.
I did a lot of research on this and what kind of bankruptcy GM is more-likely considering.
The kind of bankruptcy they are going after is called a "363" that involves the selling of many of its assets.
It’s a sale authorized under the bankruptcy law that requires court approval. It normally starts with a request to the court to approve a set of bidding procedures. That includes the time the bidding has to be submitted, the nature of what has to be sold. 363 sales typically start with what’s always called a stalking horse, which is someone who has agreed to buy the assets on particular terms for a particular price. Then the court starts the counterbidding. In exchange for the chance that it may get outbid, the stalking horse gets a break-up fee and get paid all of its expenses incurred in getting to the table first.
So, you most likely will not be able to go pick up a brand new Corvette on the cheap just because of this. As, that is still a valuable asset to GM.
The way it sounds, someone has to bid for and buy the assets of GM. The question is who or what entity?
The fact they are seeking this type of bankruptcy leaves a lot of questions and confusion, as there is a lot of things you cannot do in a 363 sale. Also, what if there is no "stalking horse", or bidders? Does anyone really want GM?