article thumbnail

GM on the brink…

Revenge of the Electric Car

President-elect Barack Obama signaled his intentions Friday to help the auto industry, calling it “the backbone of American manufacturing” during his news conference. “I announced plans to cut $10 billion in costs and raise $5 billion through the sale of assets, like its Hummer brand, and new borrowing. A bankruptcy filing by G.M.

GM 100
article thumbnail

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

Tony Karrer Delicious EVdriven

The Obama Administration doesnt understand that. " President Obamas auto task force doesnt see it that way. But GM says it wont get the money until the Obama administration is satisfied the company is financially viable. They leased a few (at a loss) to those that could afford it. General Motors has sought $10.3

Volt 41
article thumbnail

Lotus and Harmon partner up to add sound to hybrids

Tony Karrer Delicious EVdriven

The introduction of affordable noise management systems offers multiple benefits to manufacturers and consumers alike, achieving eco-friendly optimization of vehicle weight reductions and improved CO2 emissions. Working systems are ready for production implementation and manufacture. 61) REPORT: Buyer perception holding back U.S.

Hybrid 30