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The case was assigned to U.S. Bankruptcy Judge Robert Gerber, who had previously presided over another high-profile bankruptcy case of Adelphia Communications Corp. [7] Shortly after the Chapter 11 filing, it was announced that on Monday, June 8, 2009, GM would be removed from the Dow Jones Industrial Average, and replaced by Cisco Systems.
Under Project 2000, GM would eliminate or relocate dealerships, and also focused on establishing multi-brand locations, selling Buick, Pontiac and GMC vehicles or Cadillac, Hummer and Saab vehicles. The program was controversial with dealers, many who didn't want to close their dealership or sell their franchise rights. [23]
Around 1981, Plant 1 was demolished. Plants 3 and 5 were demolished around 2005, and Plant 4 in 2008. In 2011 the vacant property was transferred to RACER Trust as part of the GM bankruptcy settlement, and sold to M1 Concourse in 2014 and developed into a playground for auto enthusiasts. [7]
The Gateway Pundit, a far-right news site, filed for bankruptcy Wednesday, following litigation by election workers and others who faced harassment after the site made false claims that the 2020 U ...
GM had eight brands sold in the United States (not including its overseas brands Vauxhaul, Opel, Holden and at the time GM Daewoo which is now called GM Korea) until it sold three and liquidated one of those brands during bankruptcy, [31] leaving four (Chevrolet, Cadillac, GMC and Buick), while Toyota has only three. More brands require ...
[35] [36] [37] On April 23 a report was published [38] stating the company would be dropping the Pontiac brand while preserving the GMC truck line, and the Chevrolet, Cadillac, and Buick brands. The decision to dissolve Pontiac was made primarily due to the increasing threat of a bankruptcy filing if the June 1 deadline could not be met. [39]
Pontiac East Assembly (also known as Pontiac Assembly Center and GMC Truck & Coach Division Plant 6) was a General Motors manufacturing facility located in Pontiac, Michigan. The manufacturing complex at 2100 South Opdyke Road occupied a rectangular 162-acre site directly east of the GM Pontiac Centerpoint Complex. [ 1 ]
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