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The Pennsylvania State Capitol. The Pennsylvania General Assembly is the bicameral state legislature composed of 253 members: the House of Representatives with 203 members, [4] and the Senate with 50 members. [5] The Speaker of the House of Representatives or their designated speaker pro tempore holds sessions of the House. The President of the ...
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 ...
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 ...
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 ...
This company was formed by the United States government with a 60.8% stake, the federal government of Canada and provincial government of Ontario with an 11.7% stake, the United and Canadian Auto Workers unions VEBA fund [2] with a 17.5% stake, and the unsecured bondholders of General Motors with a 10% stake. [47]
The Detroit Free Press reported at the time that 634 of the jobs being cut then were at the GM Global Technical Center in Warren based on information provided to the state of Michigan.
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.
DETROIT — General Motors has temporarily halted vehicle production at two U.S. factories that assemble highly profitable large pickups and SUVs due to impacts to suppliers as a result of ...