Detroit Auto Show, Hybrids/Alternative, Green, Crossovers/CUVs, Cadillac, Chevrolet, GM, Rumormill

Through some amplified evidence, "rumblings" and tea leave-reading, Autoweek has appear to the cessation that General Motors may bare a new Cadillac archetypal at the Detroit Auto Show powered by the Chevrolet Volt's range-extending amalgam powertrain.

Rumors of a Caddy-badged Volt accept been broadcast aback beforehand this year, with Bob Lutz and added GM advisers hinting at the achievability of new amalgam archetypal abutting the Cadillac line-up. Lutz told letters aback in September that "there's absolutely room" for an eco-conscious Caddy and that "there's activity to accept to be some affectionate of affecting ecology statement" from GM's affluence brand. So what anatomy could it take?

Opel and Vauxhall versions of the Volt are already planned, but a Cadillac alternative would acceptable be a small- to mid-size crossover. Just such a agent is slated to appear in the additional division of 2009 - the abutting bearing SRX -- aggressive by the Provoq abstraction apparent beforehand this year. While the Volt is declared to backpack a amount tag of about $40,000, the range-extended, constituent amalgam CUV from Cadillac would be priced decidedly higher, and that could advice GM compensate some of the costs associated with the Volt's avant-garde drivetrain development. We'll apperceive for abiding in a few weeks time.



[Source: Autoweek]

Rumormill: Cadillac Volt advancing to Detroit? originally appeared on on Thu, 18 Dec 2008 20:01:00 EST. Please see our agreement for use of feeds.

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Government/Legal, Chrysler, LLC., GM, Earnings/Financials

President George W. Bush will absolutely be remembered for abounding things things, but his departing bequest may yet be his eleventh-hour acceding of $17.4 billion in low-interest loans to General Motors and Chrysler (Ford Motor Company has said it does not crave abatement at this time).

The allotment will reportedly arise from the Troubled Asset Abatement Program (TARP), the banking industry bailout amalgamation active off on this fall. Up front, the White House will attribute $17.4 billion in concise costs for December and January, and in February, addition $4 billion will be disbursed, provided it can draw the funds from the additional bisected of TARP's $700 billion.

More capacity are absolutely coming, but the arch loans arise to articulation abundantly on whether General Motors and Chrysler are accounted "viable" enterprises by the government. In the acceding of the agreement, that agency that the automakers charge prove whether they accept a "positive net present value, demography into annual all accepted and approaching costs, and can absolutely accord the government loan." There's no chat yet on how they will prove said viability, but we apprehend to apprentice added soon. In the meantime, apprehend for both General Motors and Chrysler to stick to their antecedent assembly abeyance announcements.

Politico has added specifics on the bailout here.

UPDATE: Press releases from General Motors, Ford and Chrysler have been added afterwards the jump.

[Sources: ABC NEWS, Politico, Photo by Brendan Hoffman/Getty]

BREAKING: Bush greenlights $17.4 billion Auto Rescue/Bailout package

BREAKING: Bush greenlights $17.4 billion Auto Rescue/Bailout amalgamation originally appeared on on Fri, 19 Dec 2008 09:32:00 EST. Please see our acceding for use of feeds.

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