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As of July 10, 2009, the new GM has over $40 billion in cash, with the company's reorganized liability total of $48.8 billion which includes $24.4 billion to be paid to the Voluntary Employee Beneficiary Association (VEBA) trust, $9 billion to the U.S. and Canadian governments, and $15 billion in liabilities to suppliers and other bills. GM was ...
Honda announced it would partner with General Motors to develop "next-generation" batteries in 2018. [3] The BEV3 architecture was first announced by GM in January 2019, [4] with Cadillac announced as the lead marque, [5] and BEV3 was officially detailed on March 4, 2020, during the GM EV Day briefing in Warren, Michigan, and supports Ultium batteries and Ultium Drive motors.
General Motors bankruptcy. Only days after approaching the U.S. Government to seek further funding, General Motors published its losses for the final quarter of 2008 to be at $9.6 billion (£6.7 billion). This brought its overall 2008 losses to $30.9 billion. In 2007, General Motors made a loss of $38.7 billion.
A 2023 Cadillac LYRIQ rolls off the assembly line and drives into a special event celebrating the start of retail products for the electric vehicle on March 21, 2022, at the General Motors Spring ...
Founded in 1908 as a holding company in Flint, Michigan, as of 2012 it employed approximately 209,000 people around the world. [ 1] With global headquarters at the Renaissance Center in Detroit, Michigan, United States, General Motors manufactures cars and trucks in 35 countries. In 2008, 8.35 million [ 2] GM cars and trucks were sold globally ...
Paul Sancya/AP By James B. Kelleher DETROIT – General Motors (GM), already locked in a public relations crisis because of a deadly ignition defect that has triggered the recall of 2.6 million ...
The 2024 Cadillac Escalade-V rolled off the production line at a ceremony held at GM Arlington on Friday morning commemorating the plant’s 70th anniversary. The car will re-enter into GM’s ...
33.324265°N 111.620192°W. GM Desert Proving Ground in Mesa, Arizona, USA was a General Motors facility for the testing of HVAC, propulsion, and various automotive systems in a harsh climate. Opened in 1953, the closure of this facility was completed in 2009. It was replaced by a new facility in Yuma, Arizona, known as the Desert Proving ...