Search results
Results From The WOW.Com Content Network
The 2007–2008 financial crisis played a role, as GM was unable to obtain credit to buy Chrysler. [citation needed] Sales fell further as consumer credit tightened and it became much harder for people with average or poor credit to obtain a bank loan to buy a car. During 2007, nearly 2 million new U.S. cars were purchased with funds from home ...
For fiscal year 2007, GM's losses for the year were US$38.7 billion, (~$54.8 billion in 2023) 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]
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]
August 6, 2024 at 5:04 PM. Courtesy Ford. DETROIT — A once “dirty” word, and business, in the automotive industry has become a multibillion-dollar battleground for U.S. automakers, led by ...
The GM Futurliners were a group of custom vehicles, styled in the 1940s by Harley Earl for General Motors, and integral to the company's Parade of Progress—a North American traveling exhibition promoting future cars and technologies. [2] [3] Having earlier used eight custom Streamliners from 1936 to 1940, [4] GM sponsored the Parade of ...
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 ...
In one example cited in the GAO report, 10 vehicles were valued at $7,050,000 when the supporting documentation showed they should have been valued at zero, their net book value.
Founded in 1908 as a holding company in Flint, Michigan, as of 2012 it employed approximately 209,000 people around the world. [1] With global headquarters at the Renaissance Center in Detroit, Michigan, United States, General Motors manufactures cars and trucks in 35 countries. In 2008, 8.35 million [2] GM cars and trucks were sold globally ...