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Sale of Saab to Spyker Finalized; Sale of HUMMER Fails, Wind-Down to Begin

Green Car Congress

General Motors and Spyker Cars NV finalized the deal for Spyker to purchase Saab Automobile AB. Tengzhong) was unable to complete the acquisition of HUMMER. As a result, GM will begin the orderly wind-down of the HUMMER operations. The previously announced wind down of Saab operations has ended.

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

Green Car Congress

Elements of the new plan include: GM will sell or phase out the Hummer brand by 31 March, with a final resolution no later than 2010. 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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Tesla builds first Cybertruck then two years of delays

Baua Electric

Since Tesla unveiled the automobile at an tournament marred via the botched demonstration of supposedly bulletproof glass, Ford Motor Co. offered an electrical model of its best-selling F-150, Basic Motors started promoting its GMC Hummer EV pickup, and Rivian Automobile Inc. million automobiles he’s projecting in general.

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Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

Green Car Congress

Non-core brand sales declined when compared with June as Pontiac dipped 7%; Saturn was down 21%, and HUMMER and Saab declined 26%. Hybrid gains were largely due to an increase in Prius sales (up 29.7% to 19,173 units) and Ford hybrids (up 323% to 5,353 units). Cadillac Escalade ESV sales increased 32% while Escalade sales increased 3%.

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Ferrari’s Plug-in Hybrid One-Ups the Combustion Engine

Cars That Think

liter V-8 shrieking, as technically advanced as any automobile engine ever. A hybrid Chevrolet Corvette is expected to deliver about 662 kW (900 hp), even as its GM parent readies a 1,014-hp GMC Hummer EV. Yes, behind my helmeted head there’s a twin-turbocharged 4.0-liter But that leaves two wheels and 220 hp unaccounted for.

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GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

Ill never purchase one again, no matter what the mpgs. The federal government cant hand out money to a company thats telling them that itll lose money on a $40, 000 automobile that more than half the populace couldnt afford if the economy was in good shape! needs to have an indigenous automobile industry, and not merely "transplants".

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