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Employee pricing. Employee pricing is a selling strategy launched in 2005 by the auto industry to attract customers by using the discounted prices that auto industry employees pay for new cars rather than the sticker price MSRP. The program was first offered that year by General Motors, and later followed by Ford, Chrysler, and some local ...
On May 27, 2009, the U.S. Treasury advanced a secured loan of US$360.6 million to GM, and GM issued a note to the Treasury for US$360.6 million, plus $24.1 million USD as additional compensation for the warranty advance, pursuant to the terms of the Warranty Agreement dated December 31, 2008, between GM and the U.S. Treasury. The loan funded a ...
The bonus program for GM's hourly employees is different from that for salaried workers. The hourly profit-sharing plan is based on a negotiated formula with the UAW. It is $1,000 per every $1 ...
Cruise LLC. Cruise LLC is an American self-driving car company headquartered in San Francisco, California. Founded in 2013 by Kyle Vogt and Dan Kan, [ 4][ 5][ 6] Cruise tests and develops autonomous car technology. The company is a largely autonomous subsidiary of General Motors. [ 7]
But after much employee pushback, Barra sent out a note to the salaried workforce days later offering an apology of sorts. She said GM's plan still would include a more regular, in-person presence ...
Rank-and-file members of the United Auto Workers union have approved their labor deal with General Motors, despite significant opposition that saw it voted down by workers at more than a dozen plants.
Jack Welch. John Francis Welch Jr. (November 19, 1935 – March 1, 2020) was an American business executive, chemical engineer, and writer. He was Chairman and CEO of General Electric (GE) between 1981 and 2001.
In a company-wide email to employees Tuesday morning that was obtained by the Detroit Free Press, CEO Mary Barra made it clear she wants white-collar workers at their desks inside GM facilities on ...