GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans
Green Car Congress
FEBRUARY 18, 2009
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 GM has offered Saab for sale, and is requesting Swedish government support prior to any sale. GM will have a total of 36 nameplates in 2012, down 25% from 2008 levels.
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