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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. GM will have a total of 36 nameplates in 2012, down 25% from 2008 levels. million units (57.5 GM Fuel Economy plans. Click to enlarge.

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Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

Green Car Congress

Non-core brand sales declined when compared with June as Pontiac dipped 7%; Saturn was down 21%, and HUMMER and Saab declined 26%. over July 2008. over July 2008. compared to July 2008 results. On 27 July, Chrysler restarted production at 9 of its 11 manufacturing facilities. over last July.

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Update: Top 10 Electric Cars

Clean Fleet Report

It followed the new Volt with the all-electric 238-mile range Bolt before the Volt was unceremoniously dropped as the company shifted to full-electrics only with the introduction of the Ultium battery platform that will underpin the next generation of vehicles, led by the GMC Hummer EV pickup and Cadillac Lyric crossover.

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GM on the brink…

Revenge of the Electric Car

November 8, 2008. It also said it had suspended merger talks with Chrysler to focus on its own increasingly urgent problems, brought on by higher gas prices, a weakening economy and tight credit — a combination afflicting the entire auto industry, but hurting G.M. Ford and Chrysler have been lobbying hard in Washington for more help.

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

Tony Karrer Delicious EVdriven

The federal government cant hand out money to a company thats telling them that itll lose money on a $40, 000 automobile that more than half the populace couldnt afford if the economy was in good shape! Posted by: Driver | Apr 14, 2009 4:32:54 PM The demise of GM - Ford - Chrysler - SELF INFLICTED! New" technology is expensive.

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