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General Motors And Tengzhong Sign Definitive Agreement For Sale Of HUMMER

Green Car Congress

Ltd (Tengzhong) have entered into a definitive agreement that will allow Tengzhong to acquire GM’s HUMMER brand. Under the agreement, HUMMER would contract vehicle manufacturing, key components and business services from GM during a defined transitional time period. Citi is acting as financial advisor to GM.

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Saab to Separate from GM and Create Independent Business in Sweden

Green Car Congress

Reorganization will give us the time and means that help get these products to market while minimizing the liquidity impact of Saab on GM. The reorganization should have no impact on other GM operations. Jan Ake Jonsson, Managing Director for Saab Automobile. Earlier post.)

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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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Performance variant of Holden Commodore coming to North America as Chevrolet SS

Green Car Congress

The car will be the first Chevy rear-wheel-drive sedan for sale in the US in 17 years. GM Holden’s Executive Director of Engineering Greg Tyus, said Chevrolet and its customers would benefit from Holden’s proven expertise in developing and manufacturing rear wheel drive vehicles. —Greg Tyus.

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Tesla leads with transfer of ZEV credits for year ending 30 Sep 2013

Green Car Congress

Large volume manufacturers currently include the big six: Chrysler Group, Ford, GM, Honda, Nissan and Toyota. delivered for sale in California. There are also other automakers generating credits that do not have ZEV requirements because of the level of their sales; they can, as does Tesla, sell these credits to others.

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The 60,000 Volt Question

Plug In Partners

I f there is any doubt that GM is serious about PHEVs, here is one more story that indicates that they are indeed very serious. GM Could Reportedly Produce 60,000 Plug-in Hybrids in 2010 Source: GreenBiz.com by Jeff Green at Bloomberg OAKLAND, Calif., 23, 2007 -- General Motors Corp.

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2021 US EV Sales Scoreboard: RAV4 Prime and Mustang Mach-E Are The Top-Selling Non-Tesla EVs

EV Adoption

Ford has announced plans to increase production of the Mach-E at its Mexico plant 3X over the next two years which suggests sales could reach at least 40,000 in 2022. Audi e-tron Sportback: The e-tron Sportback had YOY sales increase of 77%, but sales in quarters 3 and 4 were significantly below that of Q1 and Q2.

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