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On May 27, 2009, the U.S. Treasury advanced a secured loan of US$360.6 million to GM, and GM issued a note to the Treasury for US$360.6 million, plus $24.1 million USD as additional compensation for the warranty advance, pursuant to the terms of the Warranty Agreement dated December 31, 2008, between GM and the U.S. Treasury. The loan funded a ...
[22] The Truth About Cars-offshoot site Curbside Classic named the Corvair as one of the major "deadly sins" that led to GM's downfall; "The Corvair was the product of GM's repeated tendencies to go off in directions that were an engineer's dream, but were either flawed from the initial concept, or diminished by the bean counters. In the case ...
While General Motors' (GM) stock issue has broken records to become the biggest IPO in American history, it has also drawn attention to how much the auto industry has changed in the last few decades.
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.
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The all-new 2014 Chevy Silverado is just one of a slew of new products GM will launch in the U.S. over the next two years. Photo credit: General Motors Co. Has the new post-bailout General Motors ...
GM plans to launch predominately fuel-efficient cars and crossovers over the next four years, investing $2.9 billion in fuel-efficient technologies and alternative fuels during that time period. By 2012, GM will offer 15 hybrid models, and more than half of its fleet will be flex-fuel vehicles, able to run on either gasoline or ethanol-rich E85 ...
General Motors (GM) and General Electric Company (GE) used to be the most highly respected names in corporate America. Now their reputations and stock prices are shot. So is the credibility of ...