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The Colorado ZH2 is the product of a joint venture between GM and TARDEC—the U.S. Army’s Tank Automotive Research, Development, and Engineering Center. [8] SURUS - Silent Utility Rover Universal Super Structure Modular military platform GM-U.S. Army collaboration on a modular experimental light- and medium-duty fuel-cell truck platform. [9]
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 ...
For fiscal year 2007, GM's losses for the year were US$38.7 billion, (~$54.8 billion in 2023) [18] and sales for the following year dropped by 45%. [19] On November 7, 2008, General Motors reported it had projected it would run out of cash around mid-2009 without a combination of government funding, a merger, or sales of assets. [20]
GM said it expects net income will improve a little this year, to a range of $9.8 billion to $11.2 billion. It expects adjusted earnings per share in a range of $8.50 to $9.50, compared with $7.68 ...
That’s down 46% from a year earlier, partly due to the $1.1 billion cost of the strike, most of which came in the fourth quarter. But its results were much better than the forecast of $1.16 a ...
For the first half of the year, GM reported an 18% rise in pretax adjusted income to $8.3 billion. GM's net income to shareholders rose 19.2% to $6 billion. Its total revenue was up 7.4% to $91 ...
On September 17, GM stopped providing health insurance to 55,000 union members, [7] forcing the UAW to pay for COBRA. On September 26, it was announced that GM would start to pay health insurance again to people on strike. [8] On October 16, it was announced that GM and the UAW agreed on a new labor contract that ended the month-long strike.
The fiscal year 2010 president's budget request for a 2.9% military pay raise was consistent with this formula. However, Congress, in fiscal years 2004, 2005, 2006, 2008, and 2009 approved the pay raise as the ECI increase plus 0.5%. The 2007 pay raise was equal to the ECI. A military pay raise larger than the permanent formula is not uncommon.