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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.
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 ...
[22] The Truth About Cars-offshoot site Curbside Classic named the Corvair as one of the major "deadly sins" that led to GM's downfall; "The Corvair was the product of GM's repeated tendencies to go off in directions that were an engineer's dream, but were either flawed from the initial concept, or diminished by the bean counters. In the case ...
While General Motors' (GM) stock issue has broken records to become the biggest IPO in American history, it has also drawn attention to how much the auto industry has changed in the last few decades.
America is going broke. Silly rich people should fund such frivolous research. Taxpayers shouldn't. But each special interest will fight for its life, and even if Musk cuts all such funding, it ...
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The regulation is “being forced” right now, he says. 'The American public is not ready': Ex-honcho at Ford, GM and Chrysler says hitting Biden's electric vehicle sales goal by 2030 'is just ...
GM spun off many of its employees in certain divisions into independent companies, including American Axle in 1994 and Delphi in 1999. Ford spun off Visteon in 2000. The spin-offs and other parts makers have shared Detroit's downturns, as have the U.S.-owned plants in Canada. Altogether the parts makers employ 416,000 people in the U.S. and Canada.