The New General Motors Launches; Lutz Unretiring
Green Car Congress
JULY 10, 2009
The new, downsized General Motors Company emerged from bankruptcy Friday morning. The four brands will offer a total of 34 nameplates by 2010, compared to old GM’s total of 48 in 2008 and 63 in 2004. The new General Motors Company is primarily owned by the governments of the United States, Canada and Ontario, and by a trust fund providing medical benefits to UAW retirees. Today starts a new era for General Motors and everyone associated with the company.