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On May 31, 2009, news broke that the U.S. would initially likely become the largest shareholder of the reorganized GM following a bankruptcy filing and re-emergence from bankruptcy. The U.S. government would invest up to $50 billion and own 60% of the new GM and the Canadian government would own 12.5%. [30]
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 ...
Like many people, Adam Bernard shared the shock of suddenly losing his job one Friday morning on social media. His post on LinkedIn simply stated: “Well, in unexpected news, I was let go from GM ...
The Department of Government Efficiency (DOGE) has started making moves. The D.C. media are furious about his attempts to cut government agencies. But I take Elon Musk's side. More efficient ...
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 ...
YTA TV – A successor to Channel America and formerly named America One and Youtoo America, YTA TV is a network featuring general entertainment programming (which is wholly scheduled by the network for its affiliates), with a heavy emphasis on primetime sports programming and events; it maintains affiliations with approximately sixty stations ...
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Delphi, which was spun off from GM in 1999, filed for Chapter 11 bankruptcy after the UAW refused to cut their wages and GM is expected to be liable for a $7 billion shortfall. [74] [75] [76] In order to improve profits, the Detroit automakers made agreements with unions to reduce wages while making pension and health care commitments.