How much would hybrids have helped GM?

Cheap oil built this country

Over the weekend, White House Chief of Staff Rahm Emanuel claimed that America was facing a "day of reckoning" regarding health care and energy dependence while discussing GM's financial plight. Emanuel blamed GM for not investing in fuel efficient technology and for instituting an outdated health care plan (as if the UAW had no part in that).

So, am I to assume that if GM had started building hybrid cars at the same rate as Toyota, it wouldn't be in financial trouble?

Finish: How much would hybrids have helped GM?