The devil continues to be in the details of the democrat-written bill that will use government funds to allow GM and Chrysler to survive until next March. A draft was presented by the top Democrats to the White House on Monday night.
The bill will be called the Auto Industry Financing and Restructuring Act, and [...]
In the next round of the fight for their lives, the Detroit 3 automakers will be submitting plans for their viability to the US government today. The plans are expected to be delivered at the close of the stock market. There will reportedly be a short version for public consumption and a long [...]
On December 2nd, GM will submit its plan for viability to the US government, which if accepted will result in a bridge loan for the automaker.
Congress also requires that in addition to demonstrating profitability, the plan describe how the loan will enable GM to “expand production of advanced technology fuel efficient vehicles.”
Certainly the Chevy Volt [...]
It was recently reported that the plug-in Saturn VUE program was being moved from 2009 to 2011 due to GMs financial crisis. While partly true, the statement is not entirely correct.
GM had never stated the plug-in VUE would arrive in 2009 (see post).
GM spokesperson Brian Corbett has provided us the following statement:
“Our original statement [...]
Tesla motors of course is the silicon Valley startup that has begun low volume production of the Roadster, a $100,000 2-seater pure electric car with over 200 miles of range. Despite the car being so expensive, the company had plans to build a more reasonably priced $60,000 sedan called the Model S in 2010.
The company [...]
Times are getting tough all around. This has been true for US automakers in particular. GM has been working hard to shore up liquidity to ride the economic downturn, with the hopes of a 2010 recovery and the dawn of the Chevy Volt.
Today the US government gave them a boost.
The House of Representatives [...]
The Chevy Cruze is GMs new compact car destined to replace the Cobalt and set to debut in the US in 2010. It could be considered the combustion sister-car to the Chevy Volt.
For the US market it will use the same 1.4 L engine (only turbocharged) as the Volt does for it’s generator, and [...]
In following the Volt enthusiastically, one cannot help being struck by the significance of GM’s current financial challenges.
The company had been in the midst of a turnaround effort when VOLT was first introduced. Since then many significant economic hurdles have been presented. Not the least of which is the rapidly slumping sale of trucks and [...]
Reuters just published a report outlining an interview with Bob Lutz today on the Chevy Volt.
GM vice-chairman Bob Lutz continued to exude confidence that the Chevy Volt engineering should work out as planned, with a battery supplier to be named shortly.
Lutz said “I would say there’s almost no reasonable doubt in our minds anymore that [...]
These recent days events truly represent a profound watershed. Since the early 90s when gas used to cost less than $1 per gallon, Americans have become obsessed with SUVs, bigger is better. Carmakers not only helped cause the boom but have continued to supply those cars and profit from them. None more [...]
Word is trickling out that GM will debut a new compact Chevy vehicle to be built on the Delta global compact car platform (same as the Volt) at an auto show later this year, and will begin production as early as next year.
The vehicle may appear alongside the Cobalt and go by a different name. [...]
An article was recently published in the Sacramento Bee discussing plug-in hybrids. The story emphasized the development of the AFS Trinity which is a plug-in Saturn VUE conversion using lithium-ion batteries and ultracaps which has a 40 mile EV range and range extender.
In a provocative assertion, the author references a UC Davis study noting:
“The [...]