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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

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GM Will Apply Plug-in Hybrid Technology To One of Its Remaining Four Core Brands, Delivery Still in 2011

Green Car Congress

Prototype Saturn Vue PHEV plugging in to a Coulomb Chargepoint ( earlier post ) in San Jose, CA. of Energy (DOE) and nonprofit Electric Power Research Institute (EPRI). of Energy (DOE) and nonprofit Electric Power Research Institute (EPRI). Click to enlarge. Earlier post.). Earlier post.). Earlier post.).

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GM Releases New Viability Plan, Launches Bond Exchange; Phasing Out Pontiac

Green Car Congress

As part of the new plan, GM will accelerate the wind-down or sale of HUMMER, Saturn and Saab to the end of 2009, and phase out Pontiac by the end of 2010. GM will offer a total of 34 nameplates in 2010, a reduction of 29% from 48 nameplates in 2008, reflecting both the reduction in brands and continued emphasis on fewer and stronger entries.

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Conference confirms plug-in fever

Plugs and Cars

Plug-in 2008 in San Jose, California witnessed a noon-time address by new heavy-weight convert, Andy Grove, former CEO of Intel. The conference attendees heard the now familiar if increasingly impassioned representatives of the utility industry trumpet the benefits of electricity for transportation.

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Smart Move

Revenge of the Electric Car

Smart will be launching a test fleet of 250 electric cars in selected areas, including: Portland, San Jose, Indianapolis, Orlando, and the Washington, D.C. Read more in the article: Smart to Launch Test Fleet of Electric Cars. Smart also is joining a growing group of auto makers betting on electric vehicles. Nissan Motor Co.

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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%. Some highlights: The all-new redesigned Prius mid-size gas-electric hybrid posted best-ever July sales of 19,173 units, up 29.7% over July 2008. over July 2008. compared to July 2008 results.

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PHEV Energy Bill

Plug In Partners

W e've had the people in our shop go over the new energy bill with an eye for Plug Ins and electric transportation in general. 90 million per year authorized (2008-2012). 90 million per year authorized (2008-2012). One third of funds reserved for local governments.

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