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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. GM will have a total of 36 nameplates in 2012, down 25% from 2008 levels. GM Fuel Economy plans. million units (57.5

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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

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. The Chevy Equinox and GMC Terrain, midsize crossovers with highway fuel economy of 32 mpg. Earlier post.)

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The Budget 2009 - working towards sustainable transport

Green Cars News

The Budget confirmed and built on the Chancellor’s measures in Budget 2008 and the Pre-Budget report by: Confirming the new rules on capital allowances linked to CO2 emissions. Confirming future increases in fuel duty. It is a voluntary arrangement which motor dealers must join and match the £1,000 provided by the Government.

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EPA Administrator broadly outlines Trump Administration thinking on fuel economy standards and California

Green Car Congress

In a speech on Tuesday at the National Automobile Dealers Association meeting in Washington, US Environmental Protection Agency (EPA) Administrator Andrew Wheeler outlined the Trump Administration’s thinking on national fuel economy standards and California. Earlier post.). The George W.