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

Green Car Congress

Sales for GM’s four brands are up 36% through March versus the same period in 2009. The Fairfax plant currently builds two of GM’s strongest selling cars, the Chevy Malibu and Buick LaCrosse. Tags: Brief. Today’s payment of $5.8 billion ($4.7 billion to the US Treasury and $C1.1 billion at 20 facilities in the US and Canada.

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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. Fritz Henderson.

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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. This rate is substantially below the 15 to 17 million annual vehicle sales rates recorded from 1995 through 2007. Close: 31 Dec 2009.

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General Motors presents viability plan

Green Cars News

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. The significant changes outlined in the plan include: - A focus on four core brands in the US - Chevrolet, Cadillac, Buick and GMC.

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2022 Chevrolet Bolt EUV: Chevy’s lowest-priced electric car gets a big brother

Charged EVs

But the EUV first went into production last year in China—as a Buick. That’s substantially lower than the price tag of last year’s Bolt EV, and the updated smaller Bolt itself is going to drop more than $5,000, to come in at a starting price of $32,000. Two BEV2 variants: Buick Velite 7, Bolt EUV. New role: value pricing.

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New EV electric car calendar

EV Central

It’ll be on sale in 2025, possibly as the A9 e-Tron. Buick electric SUV – the Electra is only a concept for now, but expect the sporty high-rider to provide inspiration for an upcoming electric Buick. Cadillac Lyriq – American luxury giant Cadillac is going pure electric and the Lyriq is the first step.

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The New General Motors Launches; Lutz Unretiring

Green Car Congress

Created from the old GM’s strongest operations in an asset sale approved by the Federal bankruptcy court on 5 July ( earlier post ), the new GM is built on four core brands: Chevrolet, Cadillac, Buick and GMC. Even so, GM will still have the largest dealer network in the US. Fritz Henderson.