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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

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”. The New GM will incorporate only the “best brands” and operations, and benefit from shedding much of the older debt burden and operating cost structure.

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Federal Bankruptcy Court Approves GM Asset Sale to New GM

Green Car Congress

Judge Robert Gerber of the US Bankruptcy Court for the Southern District of New York approved the sale of substantially all of General Motors Corporation’s assets to NGMCO, Inc., will change its name to General Motors Company and continue to operate under GM’s historic corporate and sub brands. Whitacre, Jr.

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New GM expected within 90 days

Green Cars News

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. Tags: Chevrolet Green cars Latest news general motors GM New GM.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

In late 2008, BYD started selling the first production PHEV in China. Weve kept the summary table below generally up-to-date for passenger PHEVs, but not for BEVs, motorcycles or larger vehicles like buses and trucks. Several dozen prototypes on 15-passenger van since 2004; now in second generation development; no production plans.

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Electric-Car Fans Rally Around the Volt - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

Electric car supporters are rising to defend General Motors’ development of the Chevy Volt after the Obama Administration’s automotive task force proclaimed that the car was probably too expensive to be commercially successful in the near future. is hoping to launch the Volt in late 2010 with a price tag of about $40,000.

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

Tony Karrer Delicious EVdriven

It is simply the cost of doing business. "On some products, the costs, particularly in advanced technologies, are high," he said in a lengthy interview with Automotive News (free subscription required). The car is expected to cost around $40,000. Wired Home Subscribe Sections Cars 2.0

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