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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 ...
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]
The General Motors Chapter 11 filing formally was entitled "In re General Motors Corp.", and was case number 09-50026 in the Southern District, Manhattan, New York. [46] General Motors was represented by the New York specialist law firm Weil, Gotshal & Manges.
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. [2] Formerly a division of Marriott International , Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. [ 3 ]
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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 ...
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.
In 1972, the Marriott lodging division acquired the Greek-based Sun Line cruise line, [10] which it owned until 1987. [11] In 1975, Marriott Hotels & Resorts expanded to Europe, with the opening of the Amsterdam Marriott. [12] In these first several decades, Marriott International owned and managed many of the hotels within its portfolio.