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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 The share buyback is part of the Treasury’s plan, also announced today, to fully exit its entire holdings of GM stock within 12 to 15 months, subject to market conditions. billion, or $27.50

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GM Shows Picture of New Chevrolet Agile for Mercosur Market

Green Car Congress

The Agile is the first model of the Viva family; Project Viva represents a US$400 million investment by GM un Brazil and Argentina. GM began doing business in Brazil in 1925. In 2008, it posted record annual sales (548,941 vehicles).

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GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans

Green Car Congress

As required by the loan agreements signed in December 2008, GM and Chrysler submitted their updated restructuring plans showing a pathway to achieve financial viability to Congress on Tuesday. The plans, updated in the context of a worsening sales outlook for the entire auto industry, outline a need for up to an additional $16.6

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Bring Back the EV1 Press Conference

Revenge of the Electric Car

Friday November 14th, 2008 - GM Training Center - Burbank, CA. Mr. Holden demanded the EV1’s immediate re-introduction before, or in exchange for, any Government bailout of GM. Holden demanded the EV1’s immediate re-introduction before, or in exchange for, any Government bailout of GM. said Holden.

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EcoMotors Names Donald Runkle CEO; Power Density as the Holy Grail

Green Car Congress

EcoMotors International, a Khosla-funded startup working to commercialize a diesel opoc (opposed-piston, opposed-cylinder) engine ( earlier post ), has named auto industry veteran Donald Runkle as its new CEO. EcoMotors was founded in 2008 by Prof.

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GM, Segway to Make Vehicle - WSJ.com

Tony Karrer Delicious EVdriven

Order a reprint of this article now APRIL 7, 2009 GM, Segway to Make Vehicle Article Video Comments more in Auto Industry News » Email Printer Friendly Share: Yahoo Buzz facebook MySpace LinkedIn Digg del.icio.us GM has slashed product-development programs, advertising and spending on auto-show events.

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GM: Let's Hash Out Open Plug-In Car Standards

Tony Karrer Delicious EVdriven

Here we are four months later: GM is teetering on the brink of bankruptcy , and its turnaround plan — which gave the Chevy Volt a central role – has gotten a less-than-rave review from the Obama administration.

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