article thumbnail

GM Makes Final $5.8B Payment to US and Canada; Investing $257M in Fairfax and Hamtramck Plants for Next-Gen Malibu

Green Car Congress

The Fairfax plant currently builds two of GM’s strongest selling cars, the Chevy Malibu and Buick LaCrosse. For the first three months of this year, GM’s US dealers delivered more than 49,000 Malibus and 14,000 LaCrosses, representing a 58% increase over the same period last year.

Canada 186
article thumbnail

GM Releases New Viability Plan, Launches Bond Exchange; Phasing Out Pontiac

Green Car Congress

General Motors presented an updated Viability Plan that accelerates and deepens the cuts in US brands and nameplates, dealers, manufacturing operations and employees intended to enable GM North America to breakeven (on an adjusted EBIT basis) at a US total industry sales volume of approximately 10 million vehicles. range in subsequent years.

GM 150
article thumbnail

GM Files Voluntary Chapter 11; Agreements with US Treasury and Canada; New GM Expected in 60-90 Days

Green Car Congress

previously announced The New GM will: Focus on four core brands in the US—Chevrolet, Cadillac, Buick and GMC—with fewer nameplates and a more competitive level of marketing support per brand. Reduce its dealers to approximately 3,600 from the current 5,969. An all-new Buick LaCrosse premium midsize sedan. Close: 31 Dec 2009.

GM 150
article thumbnail

New GM expected within 90 days

Green Cars News

The new company will focus on four core brands in the USA - Chevrolet, Cadillac, Buick and GMC and will feature fewer nameplates. Its dealers will be cut from the current level of 5,969 to 3,600. GM also wants to improve the fuel efficiency of its vehicle fleet and will launch the Chevrolet Volt extended range vehicle in 2010.

GM 39