FACTBOX - Highlights of GM's restructuring plan

(Reuters) - The restructuring plan submitted by General Motors Corp to the U.S. Treasury Department on Tuesday said the automaker needs up to $30 billion (21 billion pound) in taxpayer funding to survive, including a $7.5 billion credit line.

GM cut its estimate of industry-wide U.S. car sales to 10.5 million in 2009, down from its December projection of 12 million, due to the worsening economy.

The company said its plan would result in a net present value in the range of $5 billion to $14 billion after deducting net obligations, a two-thirds reduction in public unsecured indebtedness, and a 50 percent cut in the labour union's VEBA obligations. Based on the plan, GM would begin repaying the federal government in 2012 and finish by 2017.

GM said its 117-page plan would "contribute materially to the national interest" by developing advanced technologies and vehicles to cut greenhouse gas emissions and oil dependency.

Other aspects of the plan included:

BRANDS, MANUFACTURING PLANTS

The plan focuses on the company's three strongest global brands -- Chevrolet, Cadillac and Buick, as well as its GMC truck brand. Specifically, 36 nameplates or models will be offered in 2012, four less than in GM's December plan.

GM aims to cut the number of manufacturing plants to 33 in 2012, rather than the 38 it forecast in December, from 47 at the end of 2008.

The company is in talks with Sweden's government about the sale of the Saab business. "While GM is hopeful that an agreement can be reached with the Swedish government to support this direction, the Saab Automobile AB subsidiary could file for reorganization as early as this month," GM said.