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  2. Effects of the 2008–2010 automotive industry crisis on the ...

    en.wikipedia.org/wiki/Effects_of_the_2008–2010...

    With the intent to prevent massive job losses and destabilizing damage to the entire manufacturing sector, the U.S. and Canadian governments provided unprecedented financial bailout ($85 billion) support to allow the companies to restructure and jettison legacy debt via Chapter 11 bankruptcy. Both companies separately filed for this protection ...

  3. Sime UMW - Wikipedia

    en.wikipedia.org/wiki/Sime_UMW

    Sime UMW is an RM11 billion company and ranks among the foremost corporations listed on the Bursa Malaysia. Its net assets exceed RM2.3 billion and its workforce numbers more than 7,500 employees serving customers through a nationwide distribution network.

  4. RJ Scaringe - Wikipedia

    en.wikipedia.org/wiki/RJ_Scaringe

    According to Forbes, Scaringe's net worth was estimated at $3.4 billion as of April 2021, but he lost his billionaire status in March 2022 due to Rivian's declining share value. [ 15 ] [ 16 ] Career

  5. Inside Volkswagen’s $130 billion EV battle

    www.aol.com/finance/inside-volkswagen-130...

    Last year it earned a whopping $348 billion in revenues and delivered 9.24 million vehicles. Rather, ... It has 39 auto plants in China, a workforce of more than 90,000, and an estimated 3,000 ...

  6. General Motors - Wikipedia

    en.wikipedia.org/wiki/General_Motors

    The shares in Ally were sold on December 18, 2014, for $19.6 billion netting the government $2.4 billion in profit, including dividends. [114] [115] A study by the Center for Automotive Research found that the GM bailout saved 1.2 million jobs and preserved $34.9 billion in tax revenue. [116]

  7. White House touts $1 billion fund to help auto suppliers ...

    www.aol.com/news/white-house-touts-1-billion...

    Investment firm Monroe Capital LLC said on Monday it plans to launch a fresh fund of up to $1 billion to provide loans for smaller auto suppliers as the industry shifts from gasoline-powered to ...

  8. Automotive industry in the United States - Wikipedia

    en.wikipedia.org/wiki/Automotive_industry_in_the...

    In addition to the $62 billion that the automakers received from TARP, their financing arms, Ally Financial and TD Auto Finance received an additional $17.8 billion. [55] In addition to the funding from the United States government, the Canadian government provided $10.8 billion to GM and $2.9 billion to Chrysler as incentives to maintain ...

  9. Automotive industry by country - Wikipedia

    en.wikipedia.org/wiki/Automotive_industry_by_country

    Total turnover of the Indian automobile industry grew 3.6 times from $34 Billion in 2006 to $122 Billion in 2016. [23] The largest automotive companies in India are Maruti Suzuki, Hyundai Motor India Limited, Mahindra & Mahindra and Tata Motors (In 2008, it launched Tata Nano, the cheapest car in the world at $1,500). [24]

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