Today the 117-page GM Viability Plan is presented to U.S. Department of the Treasury as required under Section 7.20 of the Loan and Security Agreement Between General Motors and the U. S. Department of the Treasury, Dated December 31, 2008.

General Motors faces a Tuesday deadline to present a viability plan to the U.S. government as a condition of the loans it has been given; according to the WSJ (sub. required) one option it is weighing is Ch. 11 bankruptcy.

GM China Group president said the company would roll out at least five all-new car models under the Buick and Chevrolet brands over the next two to three years to lure Chinese buyers back to its showroom.

SAIC-GM-Wuling Auto Co., Ltd., a Chinese venture of GM and leading manufacturer of mini-trucks and mini-vans in China, reported all-time high sales of 75,168 units in January, according to Qilu Evening News today.

GM China announced yesterday that General Motors sold 1,094,561 vehicles in China in 2008, up 6.1% from 2007. It is the first global automaker that sold over one million vehicles in China last year, xinhuanet.com said today.

Shanghai General Motors Co Ltd, a 50:50 venture of General Motors and Shanghai Automotive Industrial Corp (SAIC), said its sales slid by more than 8 percent in 2008.

General Motors Corp has sold 49% stake in Yulon General Motors, its joint venture in Taiwan, to Yulon Motor Co at the cost of a symbolic NT$1, GM China Group said in an official statement on Monday.

Chinese automaker SAIC GM Wuling Auto Co., Ltd. (SGMW), a Chinese joint venture of General Motors, has developed its own capabilities and will not be affected by the GM crisis, even if the U.S. partner goes bankrupt, said a top executive of the venture on Tuesday to Beijing Times. But the company will be more cautious about future investment.

GM Asia Pacific president Nick Reilly said yesterday that he foresees GM sales in China will plateau or increase slightly, and the U.S. automaker will see its sales in China exceed 1 million units despite the global financial crisis.

The U.S. President George Bush speaking on TV announced that "allowing the U.S. auto industry to collapse is not a responsible course of action." The federal authorities will provide $13.4 billion in loans to Detroit automakers, the White House said Friday. However, Bush says the car makers must pay back the loan.

SAIC-GM-Wuling Auto Co., China's leading manufacturer of mini-trucks and mini-vans, asked its suppliers yesterday to cut auto parts prices by 10%-15%, auto163.net said today.

Shanghai General Motors (SGM) Guangde Vehicle Proving Ground was approved to start construction in Guangde, Anhui province by Anhui Development and Reform Commission, xinhuanet.com said today.