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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. While GM hopes to reach agreement with the Swedish government, the Saab Automobile AB subsidiary could file for reorganization as early as this month.

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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. The revised plan moves up the resolution of Saab, Saturn, and Hummer to the end of 2009, at the latest.

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Meet Mr. Internet: Vint Cerf

Cars That Think

Cerf oversaw improvements to the system for three years after the launch, then left when former colleague Kahn started the Corporation for National Research Initiatives (CNRI) , a nonprofit contract research organization. Testifying before Congress in his early days at DARPA, he wore a three-piece suit. 1970 and Ph.D.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

Plans Saturn Vue PHEV-10. Aims to get Saturn Vue on road in 2010; no production goal. The electrification of the automobile is inevitable." This is different from anything Ive ever seen in my 40 years in the automobile industry." ( Detroit Free Press ). Plans Cadillac Converj, Opel Ampera, other versions. This is unusual.

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