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June 19, 2009: Deadline for filing all objections to the sale of General Motors. June 22, 2009: Deadline for making competing bids in the auction of General Motors' assets. June 25, 2009: Final hearing on the bankruptcy loan. July 10, 2009: Deadline for completion of the sale, requested by the U.S. Treasury and General Motors. [9] [10]
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 ...
General Motor's 20-year relationship with Saab is nearly over. In a statement Tuesday, GM announced it has finalized the sale of Saab Automotive AB to Dutch luxury car company Spyker Cars NV. The ...
It seems General Motors (GRM) isn't have any better luck at selling pieces of itself than it is at selling its cars and trucks. A deal struck by the Detroit-based company in June to sell its Saab ...
Saab Automobile was sold to Spyker Cars N.V. in 2010 after a deal between Spyker and then-current owner General Motors.After struggling to avoid insolvency throughout 2011, the company petitioned for bankruptcy following the failure of a Chinese consortium to complete a purchase of the company; the purchase had been blocked by former owner GM, which opposed the transfer of technology and ...
General Motors plans to begin winding down operations of its Saab unit, after it was unable to reach a deal to sell the brand to Dutch concern Spyker Cars, the company said in a brief statement ...
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Located at 12900 McKinley Highway. Built under contract to GM by AM General. E: AM General Military plant: Mishawaka, Indiana: United States: Hummer H1: 1992: 2006: Located at 13200 McKinley Highway. Built under contract to GM by AM General. Associated Motor Industries Ltd. Jurong (Jurong Industrial Estate) Singapore: Chevrolet Impala Chevrolet ...