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In other words, a company called "NGMCO Inc.", financed by the U.S. Treasury, [13] Canada, and a labor union, purchased the desirable assets of "old GM" via the bankruptcy process, [60] thus renaming it to "General Motors Company" and forming a "new GM".
Buyers can take a new GM car off the lot and drive it for up to 60 days. If they don't like it, they can return the car without penalty between the 31st and 60th GM's money-back guarantee
GM would continue to supply architecture and powertrain technology for an unspecified amount of time. [17] It also becomes the last brand/subsidiary from GM to be sold (Hummer was first, followed by Saturn). The deal failed on November 24, 2009. [18] GM, however, requested Spyker Cars to acquire Saab from MLC a few weeks later. But however, MLC ...
The process typically involves several steps to ensure that the claim is valid, the repair is necessary, and the costs are covered as per the warranty terms. [ citation needed ] The process may involve the identification of a problem, service appointment, initial assessment, claim submission, claim review, approval or denial, repair and ...
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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 ...
A tiny discrepancy in his auto loan sent this man’s insurance claim into a tailspin. This Arizona man says his gap insurance won’t pay an $18,000 claim for his totaled BMW SUV because of a 60 ...
The contract between the UAW and General Motors expired September 14, and the strike began at 11:59 p.m. on September 15, 2019. A two-day difference between contract expiration and the beginning of a strike is unusually short, [4] but likely motivated by the prolonged negotiations between management and the union.