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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

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. Columbus, Ohio Close: 31 Dec 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”.

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President Obama Announces 48 Projects to Receive $2.4B in Grants for Next-Generation of Batteries and Electric Vehicles; To be Combined with $2.4B in Industry Cost-Share

Green Car Congress

Companies and universities in Michigan are receiving more than $1 billion of the grants. Bristol, TN Columbus, GA. FutureFuel Chemical Company. Ford Motor Company. Louis, MO; Deployment: 11 partner fleets. Demonstrate a fleet of 378 trucks and shuttle buses. gross vehicle weight) with a 100 mile range.

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