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In April 2017, GM announced plans to invest $14 million to expand Cruise operations in California, adding an estimated 1,163 full-time employees by 2021. [21] [15] In May 2018, Cruise announced that SoftBank Vision Fund would invest $2.25 billion into the company, along with another $1.1 billion from GM itself. [22]
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.
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.
The automaker invested more than $10 billion in Cruise since taking control of the self-driving startup in 2016. Along with Google-backed rival Waymo, Cruise moved quickly to get its fleet of ...
California’s Department of Motor Vehicles suspended Cruise's license to operate in the state. ... The $102 million in sales for Cruise is a fraction of the $141.4 billion GM generated from ...
This latest investment brings GM’s U.S. manufacturing and parts distribution facility investment commitments to more than $30.5 billion since 2013. AP Writer Michelle Chapman contributed from ...
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.
[31] [32] The new GM held an IPO on November 17, 2010, that raised an estimated $20.1 billion. [33] By December 2013, the US government sold the last of its GM stock. [34] By February 2015, the Ontario government sold the last of its 4% stake in GM, [35] and by April 2015, the Canadian federal government sold the last of its own 8% GM stake. [36]
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