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With access to financing via GMAC, from 1980 McNamara applied for a series of loans to buy non-GM vans, valued at US$25,000 each, [4] which he said would be customized, before being pre-sold and shipped to the Mediterranean island country of Cyprus.
The General Motors streetcar conspiracy refers to the convictions of General Motors (GM) and related companies that were involved in the monopolizing of the sale of buses and supplies to National City Lines (NCL) and subsidiaries, as well as to the allegations that the defendants conspired to own or control transit systems, in violation of Section 1 of the Sherman Antitrust Act.
Upon its completion, the compensation fund established by GM had offered compensation for 124 deaths, nearly 10 times more than the 13 deaths GM executives reported in April 2014. [ 3 ] [ 22 ] However, the true number of deaths resulting from the ignition switch is likely higher, as GM's compensation fund rejected more than 90% of claims and it ...
If you get an email providing you a PIN number and an 800 or 888 number to call, this a scam to try and steal valuable personal info. These emails will often ask you to call AOL at the number provided, provide the PIN number and will ask for account details including your password.
As GM's first front-drive compacts, the X-cars were significant vehicles: They slaughtered GM's reputation for a whole generation." [ 47 ] Car and Driver and several other car magazines at the time were duped when GM lent them specially modified versions of the X-body vehicles in which heavy torque steer (for which they became infamous) had ...
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After months of press releases and negotiations, Giant Interactive finally looks ready to accept an offer from one of its board members to buy the company for $3 billion and take it private. The ...
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 ...