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For retirees, GM has agreed to make five payments of $500 to current retirees and surviving spouses, the first such payments in over 15 years.
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 ...
GM offers voluntary buyouts to US salaried workers, expects $1.5B charge. General Motors (GM) is laying out its plan to extract $2 billion in cost savings, and reductions in its labor force will ...
In 2024, several changes were made to Camaro orders as GM got ready to cut production of the vehicle. A few of these changes included: shortening the production run for the 2024 Camaro, producing fewer units than in previous years, no longer offering fleet or government orders, and removing any GM employee discounts.
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, Buick, GMC, and Cadillac.
According to a UAW leader, GM and the union expect to have details and dates this month for the first phase of a special retirement program.
Electronic Data Systems (EDS) was an American multinational information technology equipment and services company headquartered in Plano, Texas, which was founded in 1962 by Ross Perot. The company was a subsidiary of General Motors from 1984 until it was spun off in 1996. EDS was acquired by Hewlett-Packard in 2008.
General Motors Chapter 11 reorganization. The 2009 General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through Chapter 11, Title 11, United States Code in the United States bankruptcy court for the Southern District of New York. The United States government-endorsed ...
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