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

Green Car Congress

As required by the loan agreements signed in December 2008, GM and Chrysler submitted their updated restructuring plans showing a pathway to achieve financial viability to Congress on Tuesday. 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

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Polk forecasts global new vehicle auto sales to reach 77.7M in 2012, up 6.7%; expects China sales to grow 16% while US sales recovery slows

Green Car Congress

The US market will experience single digit growth, primarily due to the relatively strong year for sales in 2011, and the effects of the weak economy that will continue to impact new vehicle demand through most of 2012. Polk expects light-duty vehicle sales in the US to grow at a moderate pace, with a 7.3% for the overall US industry.

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USABC awards Cobasys $8.4M for the development of high-energy density Li-ion cells and packs for EVs

Green Car Congress

USABC is a subsidiary of the United States Council for Automotive Research LLC (USCAR), the collaborative automotive technology organization of Chrysler Group LLC, Ford Motor Company and General Motors Company, whose mission is to further strengthen the technology base of the domestic auto industry through cooperative research and development.

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Goodbye GM, Hello Tianjin-Qingyuan Electric Vehicle Company?

Plugs and Cars

As March came to a close, the Obama administration found GM and Chrysler’s restructuring plans “not viable.” Chrysler was told to consummate with Fiat quickly or else. And these days a billion dollars is barely a rounding error in the money going to prop up the American auto industry.

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Andy Grove: The U.S. must create an electric car industry - Apr. 17, 2009

Tony Karrer Delicious EVdriven

must create a strong electric car industry. car industry hinges on cutting-edge battery technology. Battery technology has been the domain of consumer electronics manufacturers, and that industry migrated out of America decades ago. Developing a domestic car-battery industry should be the focus of both corporations and the U.S.

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Tennessee, Nissan and TVA forge a path for electric car | www.tennessean.com | The Tennessean

Tony Karrer Delicious EVdriven

It would then be offered for public use in 2012, said Brian Carolin, senior vice president for sales and marketing at Nissan North America Inc. 2 of 4) "Nissan is taking a leadership role by developing what could be this industrys next big thing," the governor said. The car Bredesen and others drove at Nissans U.S. 16,000 miles.

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GM, Segway to Make Vehicle - WSJ.com

Tony Karrer Delicious EVdriven

Order a reprint of this article now APRIL 7, 2009 GM, Segway to Make Vehicle Article Video Comments more in Auto Industry News » Email Printer Friendly Share: Yahoo Buzz facebook MySpace LinkedIn Digg del.icio.us NewsVine StumbleUpon Mixx Text Size By SHARON TERLEP General Motors Corp. is teaming with Segway Inc., GM ) 1.86 -0.08

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