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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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Presidential Auto Task Force Concluded Plug-In GM Volt Likely Too Expensive To Be Commercially Successful in the Short-Term

Green Car Congress

Among the highlights of the brief summaries was the conclusion that while the Chevy Volt extended range electric vehicle holds promise, “ it will likely be too expensive to be commercially successful in the short-term. ”. For example, of its top 20 profit contributors in 2008, nine were cars.

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

Green Car Congress

General Motors Corp. Reduce GM’s total number of assembly, powertrain and stamping facilities in the US from 47 in 2008 to 34 by the end of 2010 and 33 by 2012. Reduce its dealers to approximately 3,600 from the current 5,969. These totals reflect GM’s recently announced plans to build a future small car in the US.

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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. Weve kept the summary table below generally up-to-date for passenger PHEVs, but not for BEVs, motorcycles or larger vehicles like buses and trucks. Establishing dealer network. First Escape PHEV delivered to SCE Nov 2007; 20 in 2008-2009.

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