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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. In the US, GM will focus on its core brands; Chevrolet, Cadillac, Buick and GMC. million units (57.5 Chrysler product plans.

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GM Will Apply Plug-in Hybrid Technology To One of Its Remaining Four Core Brands, Delivery Still in 2011

Green Car Congress

In a post on GM’s FastLane blog, Vice Chairman Tom Stephens said that the company will apply plug-in hybrid technology to one of the four core brands remaining after the restructuring: Chevrolet, Cadillac, Buick and GMC. Based on the current restructuring plan, GM is accelerating the wind-down or sale of Saturn to the end of this year.

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GM Releases New Viability Plan, Launches Bond Exchange; Phasing Out Pontiac

Green Car Congress

As part of the new plan, GM will accelerate the wind-down or sale of HUMMER, Saturn and Saab to the end of 2009, and phase out Pontiac by the end of 2010. GM will offer a total of 34 nameplates in 2010, a reduction of 29% from 48 nameplates in 2008, reflecting both the reduction in brands and continued emphasis on fewer and stronger entries.

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Plug-ins to play part in GM future

Green Cars News

The company will be divided into Chevrolet, Cadillac, GMC and Buick following the decision to close Pontiac and sell Saturn. Speaking in 2008, Stephens said the Vue two-mode hybrid would deliver around a 50 per cent increase in combined fuel economy compared to the non-hybrid Vue XR.

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