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GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans

Green Car Congress

The plans, updated in the context of a worsening sales outlook for the entire auto industry, outline a need for up to an additional $16.6 Following the steep decline in US industry sales in December 2008 and January 2009, GM responded by further lowering its forecast for 2009 US industry sales to 10.5

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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.

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Sales of hybrid cars increase in US

Green Cars News

After months of doom and gloom for the auto industry in the USA, there is finally a ray of hope courtesy of hybrid cars. Reported sales of hybrids in the US increased by 5.2 Indeed sales of hybrids have significantly out-performed the total light duty vehicle market, which dropped by 27.7 per cent in volume to 859,847 units.

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Smart Move

Revenge of the Electric Car

Daimler is already working on a next generation battery pack developed with Evonik Industries AG. After a fast start in which sales outstripped supply in 2008, Smart has fallen on hard times. in 2008, but its sales fell to 14,595 in 2009. in 2008, but its sales fell to 14,595 in 2009. Smart sold 24,622 cars in the U.S.

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Conference confirms plug-in fever

Plugs and Cars

The conference attendees heard the now familiar if increasingly impassioned representatives of the utility industry trumpet the benefits of electricity for transportation. Representatives of GM stoked the clamor for the Volt, and a Saturn Vue plug-in hybrid sat on the show floor.

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BrightDrop: GM’s silent push into electric commercial vehicles

Charged EVs

BrightDrop offers a fascinating window into the breadth of GM’s EV plans, though even many people in the auto industry know little about it. Thus, the restructured GM was composed of Chevrolet, Buick, GMC and Cadillac, while the Hummer, Pontiac, Saab and Saturn brands died. The BrightDrop Zevo 600. Photo courtesy of BrightDrop.

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Meet Mr. Internet: Vint Cerf

Cars That Think

There are few people in the industry who have the combination of technical understanding, integrity, openness to new ideas, and kindness.” He weathered years of business turmoil—mergers begun and abandoned, MCI’s acquisition by WorldCom, and finally a declaration of bankruptcy in 2003 and sale to Verizon in 2005. 1970 and Ph.D.

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