Here are the main points:
1 - return to sustainable profit within 24 months.
2 - fewer models supporting Chevy, Caddy, Buick, and GMC
3 - Will achieve a fleet avg fuel economy for cars of 38.6mpg by 2015
4 - Will achieve a fleet avg fuel economy for trucks of 27.6mpg by 2015
5 - Pontiac becomes a niche brand (probably just the Solstice and G8)
6 - Hummer sale or phase out decision to be made by the end of Q1 2009 (March 31st)
7 - Saturn will remain in operation throught he end of the planned lifecycle for all Saturn products (2010 - 2011) and then die. This will change only if investors present a plan for the brand to be spun off from the company.
8 - Saab to be sold or phased out.
9 - 25% reduction in vehicle nameplates by 2012. There were 63 nameplates in 2004. Right now there are 48. That number will be 36 by 2012.
10 - OH, and they want another $16.6BILLION...
So basically, Hummer, Saturn, and Saab are dead unless someone buys them.
I think that cutting those brands will account for the reduction in nameplates. However I think GM might kill make other reductions. I think either the GMC Acadia, Chevy Traverse, or Buick Enclave will be killed. Of those, I think the Enclave will go because the Acadia is the best seller.
Confirmed future product launches:
1 - Chevy Volt in 2010
2 - Caddy CTS Coupe in 2010
3 - Caddy CTS Wagon in 2009 (I want one)
4 - Chevy Cruze in 2010
5 - Chevy Camaro in 2009
6 - Chevy Equinox in 2009 (pretty good looking too)
7 - Buick Lacrosse in 2009
8 - Caddy SRX in 2009
Full plan can be downloaded here: http://preprodha.ecomm.gm.com:8221/u.../docs/plan.pdf