Search results
Results from the WOW.Com Content Network
Employee pricing is a selling strategy launched in 2005 by the auto industry to attract customers by using the discounted prices that auto industry employees pay for new cars rather than the sticker price MSRP. The program was first offered that year by General Motors, and later followed by Ford, Chrysler, and some local dealerships.
More: GM reports 1st quarter earnings increased on retail sales of trucks, improved EV sales. More: GM CEO Barra's compensation for 2023 dropped 4%, GM changes up exec pay formula The cost of a ...
General Motors Company (GM) [2] is an American multinational automotive manufacturing company headquartered in Detroit, Michigan, United States. [3] The company is most known for owning and manufacturing four automobile brands: Chevrolet, Buick, GMC, and Cadillac, each a separate division of GM.
GM was bound to pay $10 billion to the VEBA trust in December 2009, with the remainder being paid in increments from 2012-19. GM was not required to make contributions to its pension fund until 2013, but it could elect to if needed, since the company contributed $15.2 billion to its pension fund in 2003.
The agreement also will allow GM employees at certain plants a chance to transfer to either the battery plants or electric vehicle plants when there is an opening to secure jobs as GM transitions ...
SAN FRANCISCO (Reuters) -Cruise, the robo-taxi unit of General Motors, on Thursday suspended the program under which GM buys back employees' shares, following an accident that led to the pause of ...
Twelve months later, the first Saturn demonstration vehicle was revealed. On January 7, 1985, the Saturn Corporation was officially founded. Citing full disclosure, Saturn was founded as a private, employee-owned company, by former GM leadership. They remained private until GM bought them out, and effectively "rewrote" company history. [6]
GM declined to disclose the entire number of layoffs, but a source familiar with the action confirmed more than 1,000 salaried employees would be laid off, including 600 in Warren, Michigan ...