“I think there’s a chance – maybe not a probability, but a chance – that KIA Motors will be larger than General Motors 30 years from now.”—John M. Templeton, from a January 2005 Financial Intelligence Report article on bargain buys

In leiu of the news coming from GM, are we on our way to seeing this prediction come true?

General Motors announced plans Monday to cut 23,000 U.S. jobs by 2011, drop its storied Pontiac brand and slash 40% of its dealer network in its latest bid to stay out of bankruptcy.