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On February 18, 2009, General Motors and Chrysler again approached the U.S. government, in regard to obtaining a second bridging loan of $21.6 billion (£15.2 billion). $16.6 billion of this would go to General Motors, while Chrysler would take $5 billion. General Motors agreed to shed 47,000 jobs, close five plants, and axe 12 car models.
t. e. The 2008–2010 automotive industry crisis formed part of the 2007–2008 financial crisis and the resulting Great Recession. The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automobile manufacturing industry. The downturn also affected Canada by virtue of the Automotive Products ...
The strikers at four of GM's assembly plants and 18 parts distribution centers across the country are returning to work through the ratification process.. Higher new car prices. Fain ended the ...
3. Stick to a budget. Creating a budget gives you a plan for how you’ll spend your money each month, so you can live within your means and increase your savings. A budget can help you stay ...
The Sahm Rule, developed by economist Claudia Sahm, says that the US economy has entered a recession if the three-month average of the national unemployment rate has risen 0.5% or more from the ...
Became part of GM Central Products Division. In 1920, Northway moved here from their original plant on Maybury Grand Ave. and primarily supplied engines to GMC. In 1925, became part of Yellow Truck & Coach Manufacturing Company as part of the merger of Yellow Cab Manufacturing Company and General Motors Truck Corp., the manufacturer of GMC trucks.
Some GM and Ford EVs will lose the $7,500 federal tax credit this year, but GM is taking steps to make sure it's only temporary. GM to offer $7,500 discount on EVs that don't qualify for tax ...
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