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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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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. Jan Ake Jonsson, Managing Director for Saab Automobile. The reorganization should have no impact on other GM operations. Earlier post.)

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

GM has announced plans for public sales in 2010, and almost every carmaker now says it will sell PHEVs or highway-speed battery electric vehicles (BEVs) sometime after 2010. Plans Saturn Vue PHEV-10. Committed to sales of 10,000 or more vehicles in late 2010, with increasing production in 2011. See Chevy Volt for latest.

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