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In other words, a company called "NGMCO Inc.", financed by the U.S. Treasury, [13] Canada, and a labor union, purchased the desirable assets of "old GM" via the bankruptcy process, [60] thus renaming it to "General Motors Company" and forming a "new GM".
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 penalty between the 31st and 60th GM's money-back guarantee
The process typically involves several steps to ensure that the claim is valid, the repair is necessary, and the costs are covered as per the warranty terms. [ citation needed ] The process may involve the identification of a problem, service appointment, initial assessment, claim submission, claim review, approval or denial, repair and ...
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.
GM would continue to supply architecture and powertrain technology for an unspecified amount of time. [17] It also becomes the last brand/subsidiary from GM to be sold (Hummer was first, followed by Saturn). The deal failed on November 24, 2009. [18] GM, however, requested Spyker Cars to acquire Saab from MLC a few weeks later. But however, MLC ...
A tiny discrepancy in his auto loan sent this man’s insurance claim into a tailspin. This Arizona man says his gap insurance won’t pay an $18,000 claim for his totaled BMW SUV because of a 60 ...
The 60-day rollover rule is one of the many traps that lie in wait for investors rolling over a retirement account such as a 401(k) or IRA. You have to follow the rules exactly, or you could end ...
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 ...