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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 ...
General Motors Chapter 11 reorganization. The 2009 General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through Chapter 11, Title 11, United States Code in the United States bankruptcy court for the Southern District of New York. The United States government-endorsed ...
Rebates, employee pricing, and 0% financing boosted sales but drained the automaker's cash reserves. The subprime mortgage crisis and high oil prices of 2008 caused the popularity of once best-selling trucks and SUVs to plummet.
By October of that year, as the Free Press first reported, GM confirmed that Jan. 30, 2023, would be the date for salaried employees to return to the office for a recommended three days. It was a ...
But by October 2022, as the Free Press first reported, GM confirmed the start date to return to the office for those three days would be Jan. 30, 2023.GM said it would not keep track of worker ...
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.
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.
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