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GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans

Green Car Congress

The plans, updated in the context of a worsening sales outlook for the entire auto industry, outline a need for up to an additional $16.6 GM has offered Saab for sale, and is requesting Swedish government support prior to any sale. In its earlier submission, GM said it would cut up to 31,000 jobs.

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DOE Closes $465M Loan to Tesla Motors

Green Car Congress

The Palo Alto facility will assemble electric vehicle battery packs, electric motors, and related electric vehicle control equipment, both for Tesla’s own electric vehicles and for sale to other automobile manufacturers. The Department has also signed conditional commitments with Nissan North America, Inc. Tenneco Inc.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

We believe such production models could be available for sale in three years."Furia The XHT is a new generation of plug-in hybrid drive train ready to multiply the gas mileage of any SUV or any standard sedan." ( Company PressRelease ) BYD Auto top 2/3/08 BYD Auto Co., The electrification of the automobile is inevitable."

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