article thumbnail

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

Chrysler 150
article thumbnail

GM on the brinkā€¦

Revenge of the Electric Car

or any other automaker would have far-reaching consequences, given the millions of people employed by supplier companies, dealers and other small businesses that are dependent on the industry. November 8, 2008. But a bankruptcy by G.M. Here is the full text of the entire article, in case the link goes bad: [link]. If it provides G.M.

GM 100
article thumbnail

GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

JUST TRYING TO MILK and Suck as much from the fall of the Auto industry as possible. JUST TRYING TO MILK and Suck as much from the fall of the Auto industry as possible. , not enough, about manufacture and product , dig a grave drop all in, say a prayer, move on, they have had there day in the sun!,

Volt 41