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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. 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

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Are Rising EV Inventories Proof Nobody Wants Them?

The Truth About Cars

Those who follow the automotive industry will have undoubtedly noticed that dealer inventories are slowly approaching levels that would have been considered normal before the pandemic. While it would seem that people are losing interest in battery-driven automobiles, industry experts are claiming that all is not as it seems.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

GM has announced plans for public sales in 2010, and almost every carmaker now says it will sell PHEVs or highway-speed battery electric vehicles (BEVs) sometime after 2010. Establishing dealer network. Expected deposits in 2009 and first sales in CA in 2010. todays answer is "Yes -- but not yet."

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As Electric Car Makers Ante Up Billions, Software Is Ace in the Hole

Cars That Think

As a comparison , in 2011, there were only two battery electric and 29 hybrid electric vehicle models offered for sale in the US. Drivetrains Force Hard Choices "We are in the midst of a revolution, the ongoing digital redesign of the historically analog automobile," says Venkat N. Modify ICE or Go EV?

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Convincing Consumers To Buy EVs

Cars That Think

GM, though, is promising it will meet heavier towing requirements with its 2024 Chevrolet Silverado EV. However, Lucid Group CEO Peter Rawlinson in a non-too subtle dig at both Ford and GM said , “The correct solution for an affordable pickup truck today is the internal combustion engine.” BEVs dwell at the bottom of the rankings.

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Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

Wang entered the automobile business in 2003 by buying a Chinese state-owned car company that was all but defunct. BYD has also begun selling a plug-in electric car with a backup gasoline engine, a move putting it ahead of GM, Nissan, and Toyota. He knew very little about making cars but proved to be a quick study.

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