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

Tony Karrer Delicious EVdriven

If our country is going to spend money like a drunk sailor we should have spent it on building renewable energy power plants like Wind and Geothermal. Denmark did that with Wind Power and now most of their energy comes from wind rather than oil, natural gas, or coal. We are facing a big problem with global warming.

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