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GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans

Green Car Congress

FEBRUARY 18, 2009

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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Chrysler GM Saturn Production 150
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Proposed Changes to Federal EV Tax Credit – Part 4: Chinese-Assembled Vehicles Will Not Be Eligible for Tax Credit

EV Adoption

AUGUST 23, 2021

The intent of this provision is clear as President Biden and lawmakers in Congress have stated their concerns over China taking the lead in the production of electric vehicles, batteries, and autonomous vehicle technology. Currently only the Polestar 2 and Volvo S90 T8 PHEV are being produced in China for sale in the US.

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Tax Credit Tax Chinese Volvo 52
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