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On May 31, 2009, news broke that the U.S. would initially likely become the largest shareholder of the reorganized GM following a bankruptcy filing and re-emergence from bankruptcy. The U.S. government would invest up to $50 billion and own 60% of the new GM and the Canadian government would own 12.5%. [30]
Like many people, Adam Bernard shared the shock of suddenly losing his job one Friday morning on social media. His post on LinkedIn simply stated: “Well, in unexpected news, I was let go from GM ...
GM shares rose 3.2% in extended trading on Tuesday. In 2023, GM CEO Mary Barra said the Cruise business could generate $50 billion in annual revenue by 2030 but on Tuesday said the business was ...
DETROIT — General Motors has temporarily halted vehicle production at two U.S. factories that assemble highly profitable large pickups and SUVs due to impacts to suppliers as a result of ...
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 ...
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GM gained higher rates of return on its benefit funds as a part of the solution. Stock value began to rebound—as of October 30, 2006, GM's market capitalization was about $19.19 billion. GM stock began the year 2006 at $19 a share, near its lowest level since 1982, as many on Wall Street figured the ailing automaker was bound for bankruptcy ...
The Department of Government Efficiency (DOGE) has started making moves. The D.C. media are furious about his attempts to cut government agencies. But I take Elon Musk's side. More efficient ...