article thumbnail

GM Files Voluntary Chapter 11; Agreements with US Treasury and Canada; New GM Expected in 60-90 Days

Green Car Congress

General Motors Corp. Jacksonville, Fla. Under the agreement, the Opel/Vauxhall assets have been pooled under Adam Opel GmbH, with the majority of the shares of Adam Opel GmbH being put into an independent trust (the balance to remain with General Motors), while final negotiations with Magna proceed. Boston, Mass.

GM 150
article thumbnail

President Obama Announces 48 Projects to Receive $2.4B in Grants for Next-Generation of Batteries and Electric Vehicles; To be Combined with $2.4B in Industry Cost-Share

Green Car Congress

General Motors Corporation. Jacksonville, FL. General Motors Corporation. Construction of US manufacturing capabilities to produce the second-generation GM global rear-wheel electric drive system. General Motors. Brownstown, MI. Production of high-volume battery packs for the GM Volt.

Grant 317