Actually GM diagnosed this problem a long time ago to be a build up of carbon above the top ring of the piston.
At one time, while they were under warranty, the resolved the problem by taking out the pistons, cleaning them and reinstalling them with new rings.
In 40,000 miles, the symptoms reappeared.
If you look at the pistons you will see that the skirts are too short.
The way to increase power and mileage is to lighten the reciprocating mass.
By making the pistons, rods and crank lighter, you get more power and better gas mileage at the expense of a little noise during start up on cold mornings, due to the pistons not riding firmly in the bore.
So if you want to say that the pistons are too loose, your assumption might be right. But pistons are not round like the cylinders. They are actually oval and they grow as they heat up - so as to fill the cylinder as tightly as possible, yet be able to go up and down without galling and getting stuck when they grow.