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

Green Car Congress

Following the steep decline in US industry sales in December 2008 and January 2009, GM responded by further lowering its forecast for 2009 US industry sales to 10.5 Saturn will remain in operation for the next several years, through the end of the planned lifecycle for all Saturn products. million units (57.5

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

Green Car Congress

As part of the new plan, GM will accelerate the wind-down or sale of HUMMER, Saturn and Saab to the end of 2009, and phase out Pontiac by the end of 2010. The revised plan moves up the resolution of Saab, Saturn, and Hummer to the end of 2009, at the latest. million total vehicles sold in the United States.

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