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

Green Car Congress

As required by the loan agreements signed in December 2008, GM and Chrysler submitted their updated restructuring plans showing a pathway to achieve financial viability to Congress on Tuesday. The plans, updated in the context of a worsening sales outlook for the entire auto industry, outline a need for up to an additional $16.6

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Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

Green Car Congress

Exceptions include GM’s Buick Verano, Cadillac XTS, Chevrolet Malibu, and Chevrolet Sonic; and Ford’s Focus, Escape, and C-MAX. —“2012 Outlook: US Auto Manufacturers and Suppliers”. The most meaningful changes at Chrysler appear to involve updates to existing products, rather than the introduction of completely new.

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Sales of hybrid cars increase in US

Green Cars News

After months of doom and gloom for the auto industry in the USA, there is finally a ray of hope courtesy of hybrid cars. This meant that a total of 26,205 hybrid units were sold - some three per cent of all new vehicles, the highest monthly new vehicle share since April 2008. Reported sales of hybrids in the US increased by 5.2

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

In late 2008, BYD started selling the first production PHEV in China. First Escape PHEV delivered to SCE Nov 2007; 20 in 2008-2009. Plans Cadillac Converj, Opel Ampera, other versions. Batteries not ready. Has shown some concept fuel-cell PHEVs. Shifted earlier focus to all-electric Focus in 2011 with Magna.

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GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

GM says it is already looking ahead to the next generation of Volt-based vehicles — it unveiled the Cadillac Converj concept in January — and says costs will come down as the technology spreads to more models. JUST TRYING TO MILK and Suck as much from the fall of the Auto industry as possible. it is over, the media!,

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