article thumbnail

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 million units (57.5

Chrysler 150
article thumbnail

GM Will Apply Plug-in Hybrid Technology To One of Its Remaining Four Core Brands, Delivery Still in 2011

Green Car Congress

Prototype Saturn Vue PHEV plugging in to a Coulomb Chargepoint ( earlier post ) in San Jose, CA. Based on the current restructuring plan, GM is accelerating the wind-down or sale of Saturn to the end of this year. Click to enlarge. of Energy (DOE) and nonprofit Electric Power Research Institute (EPRI). Earlier post.).

VUE 150
article thumbnail

GM Simplifies the Two-Mode Hybrid Transmission, Maintains Functionality for FWD Application

Green Car Congress

GM has simplified the two-mode hybrid system for application in front-wheel drive vehicles—the Saturn VUE being the first instance ( earlier post )—while retaining its functionality and capability, according to Mark Selogie, Senior Manager Power Electronics, GM Powertrain, speaking at the SAE Hybrid Symposium in San Diego (11-12 Feb).

VUE 150
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 Advises Approximately 1,100 Dealers of No Long-Term Future in GM Dealer Network

Green Car Congress

GM began contacting its dealers today regarding its long term planning, and is advising approximately 1,100 “ underperforming and very small sales volume US dealers ” that GM does not see them as part of its dealer network on a long-term basis. Mark LaNeve, GM Vice President of Sales Service and Marketing. outside of GM’s control.

Dealers 150
article thumbnail

Conference confirms plug-in fever

Plugs and Cars

All the wind farms and solar panels in the world won’t do anything to lower the outflow of hundreds billions of dollars annually or decrease our pump-fueled funding of Islamic fundamentalism unless we build cars that can use that cleaner electricity. Put the bumper sticker and your car and let everyone know.).

Plug-in 100
article thumbnail

GM Previews First Two-Mode, Front-Wheel-Drive Hybrid Transaxle

Green Car Congress

At the recent SAE 2009 World Congress in Detroit, General Motors engineers presented the first front-wheel-drive (FWD) iteration of their two-mode hybrid transaxle, termed the 2MT70 ( earlier post ), scheduled for its first application in the Saturn 2009 VUE 2-Mode Hybrid light sport-utility vehicle later this year ( earlier post ).

GM 257