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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 ...
GM offered buyouts to all its UAW members. On March 24, 2008, GM reported a cash position of $24 billion, or $6 billion less than what was on hand September 31, 2007, [dubious – discuss] which is a loss of $1 billion a month. [45] A further quarterly loss of $15.5 billion, the third-biggest in the company's history, was announced on August 1 ...
Website. gm.com. General Motors Company ( GM) [ 2] is an American multinational automotive manufacturing company headquartered in Detroit, Michigan, United States. [ 3] The company is most known for owning and manufacturing four automobile brands: Chevrolet, GMC, Cadillac, and Buick.
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November 4, 2023 at 3:32 PM. United Auto Workers President Shawn Fain said the tentative agreement the union struck with General Motors is the union's first step toward securing a better economic ...
She said GM's plan still would include a more regular, in-person presence, but it would not implement any return-to-the-office policy in 2022 as the company listens to employee feedback.
Stamping plant through 1972. Located at 950 E Milwaukee Ave. Produced aircraft and tank assemblies, 90 mm AA guns, 5” naval gun housings and Lockheed missile parts during World War II. Located at 4000-4500 S. Saginaw St. Originally a Durant Motors plant. Bought by GM in 1925 and became Fisher Body Plant No. 1 - Flint.
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