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GM Canada Investing $245M in St. Catharines Powertrain Facility for Production of 6-Speed Transmissions

Green Car Congress

General Motors of Canada will invest $245 million in the St. Catharines facility also recently announced a $235 million investment to support next generation engine production beginning in 2013. Tags: Brief. The six-speed transmission to be built in St.

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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

General Motors Company Chairman and CEO Ed Whitacre announced that GM has made its final payment of $5.8 billion to the US Treasury and Export Development Canada, paying back its government loans in full, ahead of schedule. billion to Export Development Canada) completes the payback of these loans. Tags: Brief.

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GM To Invest $893M to Produce New Generation of Fuel Efficient Small Block Truck and Car Engines

Green Car Congress

General Motors will invest $893 million to produce a new generation of small block truck and car engines which will offer improved fuel efficiency through direct injection and an all-new advanced combustion system design. The investment consists of the following: Production: Tonawanda, NY, $400 million. Production: St.

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Toyota to Exit NUMMI in March 2010

Green Car Congress

Toyota Motor announced it will end its Corolla and Tacoma production contract with New United Motor Manufacturing, Inc. NUMMI) on 31 March 2010 and shift production of those vehicles to Toyota wholly-owned facilities. To that end, we will consider moving additional Corolla production back to North America over time.

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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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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”. Tags: Market Background Policy Vehicle Manufacturers. GM’s primary bankruptcy counsel is Weil, Gotshal & Manges LLP.

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Ohio State University Takes Top Spot at 2009 EcoCAR Competition with EREV Design

Green Car Congress

University students from The Ohio State University earned top honors at the 2009 finals of the EcoCAR : The NeXt Challenge competition in Toronto, Canada for their design of a Extended Range Electric Vehicle (EREV). The next-generation design predicts a 300% increase in fuel economy over the production 4-cylinder vehicle.

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