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GM to Boost Volt US Production Capacity by 50% to 45,000 Units in 2012

Green Car Congress

Due to what it termed “ strong public interest ” in the Chevrolet Volt, General Motors will increase US production capacity of the Volt by 50%, from 30,000 units to 45,000 units, in 2012. Earlier post.)

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GM Egypt to produce the Chevrolet Move in 2012; first SAIC-GM-Wuling vehicle assembled outside of China

Green Car Congress

SAIC-GM-Wuling (SGMW) announced today that the assembly of its Chevrolet Move—sold as the Wuling Rong Guang in China—will be assembled at General Motors Egypt starting in the third quarter of 2012. The N300 was introduced by SGMW in 2008 to address demand in China for a spacious vehicle for family and business use.

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Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

Green Car Congress

In its “2012 Outlook: US Auto Manufacturers and Suppliers”, Fitch assigns the industry a Positive Rating, expecting the credit profiles of the US OEMs and auto suppliers to generally strengthen in 2012, assuming that global economic conditions do not weaken materially from current trends. million units in 2012, up 4.4%

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Industry survey finds aluminum use in autos at all-time high; average per vehicle use expected to more than double from 2012 by 2025

Green Car Congress

The report expects aluminum to double its share of the light vehicle material mix by 2025 vs. the 2008 EPA baseline vehicle. The survey shows continued growth in automaker’s overall use of aluminum reaching a high of 343 lbs (156 kg) per vehicle in 2012—up 5% from 327 lbs (148 kg) in 2009. Ducker Worldwide.

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GM to buy back 200M shares held by US Treasury for $5.5B

Green Car Congress

General Motors today will purchase 200 million shares of GM common stock held by the US Department of the Treasury for $5.5 Bush in 2008 and which was expanded by President Barack Obama in 2009. premium over the closing price on 18 December 2012. billion, or $27.50 —Dan Ammann, senior vice president and CFO.

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GM Shows Picture of New Chevrolet Agile for Mercosur Market

Green Car Congress

General Motors provided an image of the new Chevrolet Agile, a small car designed in Brazil and due to launch in that market in October. In 2008, it posted record annual sales (548,941 vehicles). The 2010 Agile. Click to enlarge. GM began doing business in Brazil in 1925.

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General Motors presents viability plan

Green Cars News

As it bids to break even at a US total industry sales volume of approximately 10 million vehicles, General Motors has updated its Viability Plan which will deepen the cuts in its operations. The total number of plants in the US will be cut from 47 in 2008 to 34 by the end of 2010 and to 31 by 2012.