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Employee pricing is a selling strategy launched in 2005 by the auto industry to attract customers by using the discounted prices that auto industry employees pay for new cars rather than the sticker price MSRP. The program was first offered that year by General Motors, and later followed by Ford, Chrysler, and some local
A Qualified Employee Discount is defined in Section 132(c) as any employee discount with respect to qualified property or services to the extent the discount does not exceed (a) the gross profit percentage of the price at which the property is being offered by the employer to customers, in the case of property, or (b) 20% of the price offered for services by the employer to customers, in the ...
The Detroit Free Press has learned more details on when GM and the UAW will start the first phase of the $50,000 retirement buyout program.
GM said by expanding the list of vehicles that its eligible employees can drive to include the new EVs, it will reinforce GM's commitment to an all-electric future. It also gives the workforce a ...
General Motors Financial Company, Inc. is the financial services arm of General Motors.The company is a global provider of auto finance, with operations in the United States, Latin America, Canada, Europe (which was sold to PSA Groupe and BNP Paribas following the sale of GM's core area businesses Opel and Vauxhall in a $2.2 billion deal), and China.
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After ratification, there will be a six-month window for past employees of GM's former Lordstown Assembly plant who were active at the plant on Nov. 26, 2018 — the day GM announced it would ...
In 1926, the company introduced the Pontiac brand and established the General Motors Group Insurance Program to provide life insurance to its employees. [16] The following year, after the success of the 1927 model of the Cadillac LaSalle designed by Harley Earl , Sloan created the "Art and Color Section" of GM and named Earl as its first director.