GM and Chrysler's future business plans include EVs and hybrids
Filed under: EV/Plug-in, Flex-Fuel, Hybrid, Chrysler, GM, Legislation and Policy, USA

Now that we've had a chance to digest the future business plan from Ford, which was sent to Congress this morning, General Motors and Chrysler have followed suit with documents of their own. Unlike Ford, both Chrysler and GM claim that they need money right away just to keep the lights turned on for 2009. As was the case with Ford, both GM and Chrysler have emphasized an increased investment in fuel saving technologies as one of the main reasons the they need federal help. Chrysler is asking for a $7 billion secured working capital bridge loan by December 31, 2008 and GM requires term loans of up to $12 billion to keep the lights on through the end of 2009 with an initial draw of $4 billion in December 2008.
If they get the low-interest, deferred loans that they are looking for, the automakers have promised to introduce new vehicles with advanced technology, including full electrics and hybrids. Chrysler, for instance, says that it will begin selling EVs for fleet use in 2009, with regular customer deliveries scheduled for 2010. We're not sure what it'll be selling, though a variation of one of the three EV concepts it showed off a few months back seems most likely. In any case, the automaker believes it can have 500,000 produced by 2013.
General Motors, for its part, says that it will "launch predominately high mileage, energy-efficient cars and crossovers" in the near-term future. GM also highlights the Chevy Volt that is slated for launch in 2010 and its advanced E-Flex drivetrain, which will in turn go on to power additional models. Also under development are EVs that use hydrogen fuel cells to generate electricity. Take a look over at Autoblog for all the details of Chrysler's and GM's plans. Both automakers seem to by saying that they've done all they can do on their own to fix their problems. Now they need assistance from the Feds to carry them through until the financial markets begin to recover and people start buying cars again. Without immediate help, all of these environmentally-friendly plans will be meaningless.
[Sources: General Motors, Chrysler]

_450.jpg)











Most of the rumors in recent months have indicated that LG Chem/CPI have the upper hand and are likely to be chosen by General Motors to supply the lithium ion battery packs for the Chevrolet Volt. However, there are plenty of electric drive vehicle projects out there and just because A123 systems may not get the Volt business, it doesn't mean they are completely out. The Wall Street Journal is reporting that the Massachusetts based battery maker may be in the running to supply energy storage systems to Chrysler for that companies ER-EV. During a nationwide video conference today with dealers today, Chrysler is expected to show a preview of the challenger it is developing to the Volt. ABG asked Chrysler about attending the video conference which will be held in 100 movie theaters around the country but was told the event was for dealers only. However, a spokesman told ABG that we would see the new ER-EV "very, very soon." We'll be watching to see if the tortoise can come from behind and beat the hare, even though the long-eared one hasn't been napping of late. 











