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On February 18, 2009, General Motors and Chrysler again approached the U.S. government, in regard to obtaining a second bridging loan of $21.6 billion (£15.2 billion). $16.6 billion of this would go to General Motors, while Chrysler would take $5 billion. General Motors agreed to shed 47,000 jobs, close five plants, and axe 12 car models.
General Motors disputed its conclusion, and stood by their original figure of 13 deaths after the report was released as of June 3, 2014. [18] By the end of September, Reuters stated in an article that 153 deaths were linked to the faulty ignition switch. [ 19 ]
The 2008–2010 automotive industry crisis formed part of the 2007–2008 financial crisis and the resulting Great Recession. The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automobile manufacturing industry .
General Motors (GM) ... Owners may contact GM customer service at 1-888-988-7267, Chevrolet customer service at 1-800-222-1020 or GMC customer service at 1-800-462-8782. ... GM's number for this ...
This includes Ram, Dodge, Alfa Romeo Tonale, Harley-Davidson, Kia, General Motors, and Hyundai. ... Owners may contact Hyundai Customer Service at 800-633-5151. ... The automotive manufacturer ...
General Motors was financially vulnerable before the automotive industry crisis of 2008–2010. In 2005, the company posted a loss of US$10.6 billion (~$15.9 billion in 2023). [ 17 ] In 2006, its attempts to obtain U.S. government financing to support its pension liabilities and also to form commercial alliances with Nissan and Renault failed.
General Motors has already left most competitors in the dust this year, but here's why its stock price could go even higher. ... revenue from digital automotive services is forecast to grow 25% ...
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]