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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 ...
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]
GM will begin to run ads for its new "May the Best Car Win" program. 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 ...
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 60-day rollover rule is one of the many traps that lie in wait for investors rolling over a retirement account such as a 401(k) or IRA. You have to follow the rules exactly, or you could end ...
The cause, her widower alleges in a lawsuit, was a defective steering sensor that the vehicle’s manufacturer, General Motors Co, failed to adequately warn drivers about despite long knowing the ...
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. The strike involved 48,000 GM ...
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