According to the revised plan for sale of the automaker's best assets, the new General Motors will take on future liability claims involving vehicles made by the old company but will not be responsible for pending lawsuits.

That's right. If you get injured in the future by an old vehicle, the new GM will take care of you. But if you're already injured, the new GM doesn't have to care.

Earlier today on CNN, GM CEO Fritz Henderson said he did not expect a clash with the government over the proposed sale, but his testimony in bankruptcy course could last days.

Chrysler, meanwhile, is off the hook completely, as its sale to Fiat included terms that exempted the newly formed company from all liability in pending lawsuits from any Chrysler vehicle made or sold before June 10.