Search results
Results from the WOW.Com Content Network
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.
According to an April 2014 report of the Special Inspector General of the Troubled Asset Relief Program, the U.S. government had lost $11.2 billion (~$14.2 billion in 2023) in its rescue of General Motors. The U.S. government spent $50 billion to bail out GM, meaning it recovered 77.6 percent of its investment amount. [7]
It’s one of those wild twists at a time when many layoffs are buried in a big number. The TikTok, by the way, got 1.6M views. How a GM layoff email sent to employees triggered a storm on TikTok
On 20 February, an administrator was appointed to restructure Saab and assist in it becoming independent of its troubled parent General Motors. General Motors have confirmed their intention to sell their Swedish subsidiary, Saab. [58] Of Sweden's 9 million population, 140,000 work in the car industry and they account for 15% of exports. [57]
General Motors said it received one complaint of minor injury and three of minor property damage. The recall encompasses more than 570,000 vehicles sold in the United States and about 249,000 sold ...
Hyundai is recalling 1,545 of its 2019-2024 Nexo vehicles. The automotive company said in the NHTSA report that “the thermally activated pressure relief device may break and cause a hydrogen gas ...
On Sunday, May 31, 2009, bankruptcy judge Arthur J. Gonzalez approved a proposed government restructuring plan and sale of Chrysler's assets. The sale allows most of the assets of Chrysler to be purchased by a new entity in which Fiat would own 20%, and the autoworker's union retirement health care trust (voluntary benefit association "VEBA") 55%, with the U.S. and Canadian government as ...
When will I be notified if my GM has a recall? Dealers were notified on Nov. 7. Owner notification is estimated to start on Dec. 23. Owners may contact GM customer service at 1-888-988-7267 ...