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Federal Bankruptcy Court Approves GM Asset Sale to New GM

Green Car Congress

The new company will acquire GM’s strongest operations and will have a more competitive operating cost structure, partly as a result of recent agreements with the United Auto Workers (UAW) and Canadian Auto Workers (CAW). UAW Retiree Medical Benefits Trust: 17.5%. However, GM expects the sale to close in the near future.

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Ford Investing $550M to Retool SUV Plant to Produce Focus Small Car and EV

Green Car Congress

The plant, formerly the Michigan Truck Plant and the production site for Ford Expedition and Lincoln Navigators SUVs, is one of three North American light truck plants Ford is retooling to build fuel-efficient global small cars in the coming years. Earlier post.) The 2.866 million square-foot plant was built in 1957.

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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

The New GM will incorporate the terms of GM’s recent agreements with the United Auto Workers (UAW) and Canadian Auto Workers (CAW) unions and will be led by GM’s current management team. These totals reflect GM’s recently announced plans to build a future small car in the US. GM Manufacturing Plans. Orion, Mich.

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GM agrees to go small in the USA

Green Cars News

As news about the future of General Motors, now mockingly dubbed Government Motors, continues to break, it has been confirmed that it will build a small car after reaching an agreement with the United Auto Workers union. He believes the car will prove a winner with both current and future customers.

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