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The Obama administration's auto industry task force failed to fully consider how many jobs would be lost at car dealerships when it rushed General Motors and Chrysler into bankruptcy last year, a ...
On Nov. 15, GM cut another 1,000 jobs, including 507 jobs at the GM Tech Center based on information provided to the state.“ There’s still a large money-losing EV business and threats like ...
On February 18, 2009, General Motors and Chrysler again approached the U.S. government, in regard to obtaining a second bridging loan of $21.6 billion (£15.2 billion). $16.6 billion of this would go to General Motors, while Chrysler would take $5 billion. General Motors agreed to shed 47,000 jobs, close five plants, and axe 12 car models.
By February 2015, the Ontario government sold the last of its 4% stake in GM, [35] and by April 2015, the Canadian federal government sold the last of its own 8% GM stake. [ 36 ] The "new" GM acquired most of the brands and the good assets of the old GM, including the Buick , Cadillac , Chevrolet , GMC , GM Daewoo , Holden , Opel , Pontiac ...
Auto dealers are trying to avoid the ultimate going out of business sale. Chrysler L.L.C., by far the weakest of the Big 3 automakers, Thursday announced plans to end its relationship with 789 ...
On August 21, 2008, there was also an issue with GM's lending arm GMAC, [2] where Bill Heard lost GM's line of GMAC credit with some stores [3] [7] concerning the financing of new inventory. [2] About that same time, the state of Georgia announced its plans for legal action against BHE regarding the fake recall notice promotion. [ 9 ]
Additionally, GM is permanently closing its Durability, Corrosion and Teardown departments at its Milford Proving Grounds. In August, GM eliminated nearly 1,500 from its software division globally.
General Motors Company (GM) [2] is an American multinational automotive manufacturing company headquartered in Detroit, Michigan, United States. [3] The company is most known for owning and manufacturing four automobile brands: Chevrolet, Buick, GMC, and Cadillac, each a separate division of GM.