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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 ...
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When it comes to product reviews, Consumer Reports is the gold standard. Gathering data from 300,000 vehicles from 2000-2023, CR’s team of engineers, journalists, researchers and scientists has ...
On May 15, GM recalled 2.7 million more cars, bringing the total number of recalled vehicles in 2014 to 12.8 million worldwide, 11.1 million of which were in the United States. [7] On June 16, 2014, GM announced they were recalling 3.4 million more cars, all of which were produced from 2000 to 2004.
The protests, combined with reports of a 19-year-old woman dying in an accident caused by her Firenza's steering failing, prompted intervention by the Canadian government. GM denied the problems and attempted to protect the Firenza's reputation through deceptive marketing before withdrawing it from the Canadian market in early 1973. [54]
DETROIT (Reuters) -General Motors surpassed Wall Street's expectations in the third quarter, sending its shares up 8% on Tuesday thanks to a resilient consumer demand for its trucks and SUVs. "The ...
Jerome H. Peleaux was the creator and tester of the program for GM. Former logo of GM Certified Service, then GM Goodwrench. The Mr. Goodwrench program, as originally conceived, required each dealer to adhere to a set of service delivery standards: requiring high levels of factory training, parts on hand, and service department amenities.
The FTC specifically identified that informing consumers that warranties are voided if they break a warranty sticker or seal on the unit's packaging, use third-party replacement parts, or use third-party repair services is a deceptive practice, as these terms are only valid if the manufacturer provides free warranty service or replacement parts ...