GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans
Green Car Congress
FEBRUARY 18, 2009
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 Elements of the new plan include: GM will sell or phase out the Hummer brand by 31 March, with a final resolution no later than 2010.
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