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Number. 73,000. The 2007 General Motors Strike was a labor union strike that lasted three days from September 23 to September 25, 2007, organized by the United Auto Workers (UAW) union. The UAW were engaged in talks with General Motors (GM) to negotiate a new labor contract but were unable to come to an agreement before the deadline.
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 ...
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.
June 11, 2024 at 8:35 AM. David Paul Morris. DETROIT — General Motors on Tuesday announced a new $6 billion stock repurchase authorization has been approved by its board. The new buyback ...
Prior to each of the three time periods, GM and the union will agree on the "timing, size, and scope of the offering," according to the contract. The news is welcomed by UAW members.
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The UAW’s contracts with GM, Stellantis and Ford all end at 11:59 pm on September 14, and the union has said it will not extend the contracts and stay on the job if tentative labor ageeements ...
General Motors Financial Company, Inc. is the financial services arm of General Motors. The company is a global provider of auto finance, with operations in the United States, Latin America, Canada, Europe (which was sold to PSA Groupe and BNP Paribas following the sale of GM's core area businesses Opel and Vauxhall in a $2.2 billion deal), and ...