GM makes its case with the Volt.  Check out WatchMojo’s look a the Volt, and then read more about the new electric car from gm-volt.com:

Close observation of recent developments in the automotive sector leads to a certain conclusion; financial collapse is necessary to bring about needed change. continue reading...

US carmaker General Motors is joining with scooter maker Segway to make a new type of two-seat electric vehicle.
The prototype, which will be debuted in New York, is aimed at urban driving. GM aims to start making them by 2012.
The vehicle, named Puma, has a top speed of 35mph and can go as far as 35 miles on a single charge. It will use lithium-ion batteries.
GM, having been bailed out by the US government, is looking to smaller vehicles to secure its future.
Puma stands for personal urban mobility and accessibility. continue reading...

Wow, could this actually happen?

Bankruptcy may be even closer for General Motors and Chrysler, now that the Obama administration’s auto task force has determined that both may have trouble surviving as viable standalone companies. continue reading...

General Motors announced yesterday that the company will be phasing out their Pontiac brand, and ceasing construction completely of the Saturn brand.  They also say Hummer is doomed if they can’t find a buyer for the label by 31 March.  Read more… continue reading...

GM and Chrysler have made it clear that they need $21.6 billion in federal loans to stay afloat, in addition to the bailout money they have already received. They have also released detailed plans in which they cut 50,000 jobs, close several plants, and drop some of their weaker brands.  Experts say this request for more money is no surprise. continue reading...

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From the Wall Street Journal: continue reading...

Obama will arrive to his inauguration with class… and basically in a tank: continue reading...