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Originally Yutivo Sons Hardware Co. Yutivo assembled various models under license from GM beginning in 1953. GM bought a 49% stake in Yutivo in 1972 and renamed it GM Philippines. Isuzu invested in the company in 1979 and it was renamed GM Pilipinas, Inc. Assembly of GM vehicles ended in 1985 and GM sold the plant to Isuzu in 1994.
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 ...
In 2010, vehicle sales in China by GM rose 28.8% to a record 2,351,610 units. [200] The top two markets in 2011 were China, with 2,547,203 units, and the United States, with 2,503,820 vehicles sold. The Chevrolet brand was the main contributor to GM performance, with 4.76 million vehicles sold around the world in 2011, a global sales record. [201]
GM cancels its Marketplace app on millions of cars as it reevaluates e-commerce in cars of the future and ways to hit a big revenue target. GM halts in-vehicle shopping app, looks to possibly ...
On Jan. 25, 2025, the first retail production 2025 Chevrolet Corvette ZR1, VIN 001, sold at the Barrett-Jackson Scottsdale Auction for $3.7 million.
The Vehicle Engineering Center (VEC) Tower. The GM Technical Center was inaugurated in 1956 as General Motors's primary design and engineering center, located in Warren, Michigan. In 2000 the center was listed on the National Register of Historic Places, and fourteen years later it was designated a National Historic Landmark, primarily for its ...
As GM Authority covers, last year, the carmaker cut 3,500 components across model lines, a 12% drop in the number of parts it needed to stock in its plants. GM cutting vehicle trim options to save ...
The Lordstown Complex is a factory building and automotive manufacturing plant in Lordstown, Ohio, U.S. Lordstown is an industrial suburb of Youngstown, Ohio.. It was a General Motors automobile factory from 1966 to 2019, comprising three facilities: Vehicle Assembly, Metal Center, and Paint Shop.
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