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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.
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 ...
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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 ...
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.
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 ...
SAN FRANCISCO (Reuters) -Cruise, the robo-taxi unit of General Motors, on Thursday suspended the program under which GM buys back employees' shares, following an accident that led to the pause of ...
A Regular Production Option (RPO) is a 3-digit standardized code used by General Motors to designate vehicle options & modifications. RPO codes designate how a vehicle is built, and they've been used on dealership order forms and in assembly plants since at least the 1950s ( see Corvette C1 ). It was originally all numeric and labeled Sales ...