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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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Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

Green Car Congress

GM dealers delivered 189,443 total vehicles in July, a 19.4% Non-core brand sales declined when compared with June as Pontiac dipped 7%; Saturn was down 21%, and HUMMER and Saab declined 26%. over July 2008. over July 2008. compared to July 2008 results. Dodge Avenger sales increased 30% versus July 2008.

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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. million units (57.5

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New EV electric car calendar

EV Central

Fering Pioneer – look out Hummer! Hummer – Best known for copping bruises on the battlefields, Hummer has been reignited as an all-electric SUV brand (or sub-brand) with the GMC Hummer EV. 2021 GMC Hummer EV pickup truck. e-208 hatch is firming as the early favourite. Expect very low volumes.