Remove Dealers Remove Extended Range Remove GM Remove Sale
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.

GM 150
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

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

Canada 186
article thumbnail

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

Green Car Congress

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. General Motors Corp.

GM 150
article thumbnail

Kia EV9 wins, Fisker franchises, Tesla tops BYD, leather in EVs: The Week in Reverse

Baua Electric

Fourth-quarter sales results released this past week showed that while Tesla led in 2023 global EV sales , the Chinese automaker BYD pulled ahead of Tesla toward the end of the year. While it might still be all-in on EVs for the long-term, GM struggled to make EVs in 2023. The plan will include up to 50 dealers in the U.S.

Fisker 52
article thumbnail

First Look: 2024 Ford F-150

The Truth About Cars

For 2024, Ford is re-upping the F-150 with a midcycle refresh – and answering GM and Ram with an innovation of its own. Raptor models get similar treatment, and the Tremor on these digital pages bears a winch and bumper which are described as a dealer-installed option. There’s plenty more – but that’s the gist of it for now.

F-150 111
article thumbnail

Presidential Auto Task Force Concluded Plug-In GM Volt Likely Too Expensive To Be Commercially Successful in the Short-Term

Green Car Congress

Following the short address on Monday during which President Barack Obama outlined the next steps for GM and Chrysler ( earlier post ), the White House posted summaries of the Presidential Auto Task Force’s assessment of the business plans provided by the two struggling automakers, which led to the terms that are currently unfolding.

Volt 170
article thumbnail

Fisker Recruits First US Dealers for PHEVs; Appoints First Distributors for Europe

Green Car Congress

Doolan led BMW NA and Volvo Cars NA to record sales in the 1990s and 2000s. The Karma is an Extended Range Electric Vehicle (EREV). Main power comes from a 200 kW (peak) Lithium-ion battery pack that offers an emission-free range of 80.5 Total range is 482 km (300 mi). km a generator, turned by a 2.0L

Fisker 150