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GM Releases New Viability Plan, Launches Bond Exchange; Phasing Out Pontiac

Green Car Congress

General Motors presented an updated Viability Plan that accelerates and deepens the cuts in US brands and nameplates, dealers, manufacturing operations and employees intended to enable GM North America to breakeven (on an adjusted EBIT basis) at a US total industry sales volume of approximately 10 million vehicles.

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

Green Car Congress

Saturn will remain in operation for the next several years, through the end of the planned lifecycle for all Saturn products. In the interim, if Saturn retailers or other investors present a plan that would allow a spin-off or sale of Saturn Distribution Corporation, GM would be open to any such possibility.

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Analysis: What’s the Best Way to Market EVs?

Clean Fleet Report

Geo renamed the Nova as the Geo Prizm and added other models jointly produced with Isuzu and Suzuki in North America and Japan, but separated them from its “American” cars. During this same time GM created Saturn , a totally new brand, which arrived in 1990 with its own showrooms, advertising and vehicles.

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General Motors presents viability plan

Green Cars News

This revised plan also moves up the resolution of Saab, Saturn and Hummer to the end of 2009 at the latest. - A restructure of GM’s dealer organisation with the number of dealers to drop to 3,605 by the end of 2010 - that’s down from 6,246 in 2008. -

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Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

Green Car Congress

GM dealers delivered 189,443 total vehicles in July, a 19.4% Non-core brand sales declined when compared with June as Pontiac dipped 7%; Saturn was down 21%, and HUMMER and Saab declined 26%. Nissan North America reported sales for July of 71,847 units, a decrease of 24.6%. Monthly sales of hybrids. Click to enlarge.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

Establishing dealer network. Plans Saturn Vue PHEV-10. Aims to get Saturn Vue on road in 2010; no production goal. Lutz said GM is pushing to have Saturn Vue plug-in hybrid on the road by 2009. -- ( Autoweek ). "I 1,000 pre-orders for small production runs in 2009 and 2010starting 4th quarter 2009. I think that our No.

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