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Green Car Congress
AUGUST 19, 2009
GM has cancelled its recently announced compact Buick crossover, which would have offered the plug-in hybrid system originally targeted for the Saturn VUE. Buick crossover canceled. Tags: Brief. Earlier post.). We were all struck by the consistency of the criticism of the compact crossover. This happened in one day.
Green Car Congress
APRIL 21, 2010
General Motors Company Chairman and CEO Ed Whitacre announced that GM has made its final payment of $5.8 GM also announced an investment of $257 million at its Fairfax, Kansas, and Detroit Hamtramck assembly centers. The US, Canadian, and Ontario governments, as part of the launch of the new GM, provided loans of $8.4
Green Cars News
AUGUST 20, 2009
General Motors (GM) has pulled the plug on plans to introduce in the US a new Buick SUV which would have included a plug-in hybrid version following negative feedback during a showcase to employees, potential customers, dealers, media and analysts. Tags: Hybrid cars Buick GM hybrid plans plug-in.
Green Car Congress
APRIL 27, 2009
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.
Green Car Congress
JUNE 1, 2009
General Motors Corp. reached agreements with the US Treasury and the governments of Canada and Ontario for the creation of a smaller, self-sustaining “New GM”. Pending approvals, the New GM is expected to launch in about 60 to 90 days as a separate and independent company from the current GM. GM Manufacturing Plans.
Green Cars News
APRIL 27, 2009
As it bids to break even at a US total industry sales volume of approximately 10 million vehicles, General Motors has updated its Viability Plan which will deepen the cuts in its operations. If the bond exchange fails, it will result in GM entering bankruptcy.
Green Cars News
JUNE 2, 2009
After months of speculation about its future, General Motors Corporation has reached agreements with the US Treasury and the governments of Canada and Ontario for the creation of a new smaller and self-sustaining GM. The New GM is expected to launch in 60-90 days as a separate and independent company from the existing General Motors.
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