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On May 30, 2009, it was announced that a deal had been reached to transfer New Opel (Opel plus Vauxhall, minus Saab) assets to a separate company majority-owned by a consortium led by Sberbank of Russia (35%), Magna International of Canada (20%), and Opel employees and car dealers (10%). GM was expected to keep a 35% minority stake in the new ...
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 ...
The GM BT1 platform, marketed under Ultium branding, is a dedicated electric vehicle architecture or platform developed by General Motors (GM). It underpins electric full-size pickup trucks and SUVs sold by GM, using battery and motor technology developed under its Ultium program; these are shared with third-generation GM electric vehicles on the BEV3 platform.
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The GM Technical Center was inaugurated in 1956 as General Motors 's primary design and engineering center, located in Warren, Michigan. In 2000 the center was listed on the National Register of Historic Places, and fourteen years later it was designated a National Historic Landmark, primarily for its architecture.
Viking. In the late 1920s, American automotive company General Motors (GM) launched four companion makes to supplement its existing lineup of five-passenger car [a] brands, or makes. [b] The companion makes were LaSalle, introduced for the 1927 model year to supplement Cadillac; Marquette, introduced in 1929 for 1930 [c] to supplement Buick ...
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 ...
Combined with an ongoing employee buy-out program, layoffs totaled around 750 jobs in July 2008. [11] During GM's annual shareholder meeting on June 3, 2008, CEO Rick Wagoner announced that the Janesville assembly plant would close by 2010, along with three other GM factories, and could close sooner if the market dictated. [ 12 ]