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New GM expected within 90 days

Green Cars News

After months of speculation about its future, General Motors Corporation has reached agreements with the US Treasury and the governments of Canada and Ontario for the creation of a new smaller and self-sustaining GM. The New GM is expected to launch in 60-90 days as a separate and independent company from the existing General Motors.

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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. previously announced The New GM will: Focus on four core brands in the US—Chevrolet, Cadillac, Buick and GMC—with fewer nameplates and a more competitive level of marketing support per brand. An all-new Buick LaCrosse premium midsize sedan. Close: 31 Dec 2009. Jacksonville, Fla. Close: 31 Dec 2009.

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