GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans
Green Car Congress
FEBRUARY 18, 2009
Elements of the new plan include: GM will sell or phase out the Hummer brand by 31 March, with a final resolution no later than 2010. 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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