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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 ...
U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company's net income 15% above a year ago. Excluding one ...
Let's see if General Motors (GM) stock is a good choice for value-oriented investors right now from multiple angles.
Due to the declining residual value of their vehicles, Chrysler and GM stopped offering leases on most of their vehicles in 2008. [92] In September 2008, the Big Three asked for $50 billion to pay for health care expenses and avoid bankruptcy and ensuing layoffs, and Congress worked out a $25 billion loan. [93]
GM Defense is the military product subsidiary of General Motors, headquartered in Concord, North Carolina. It focuses on defense industry needs with hydrogen fuel cell and other advanced mobility technologies. [ 2] GM Defense projects include SURUS (Silent Utility Rover Universal Superstructure), an autonomous modular platform joint project ...
What General Motors Is Worth. Share Price, 52-Week Range. $33.55-$64.30. 2020 Revenue. $122.485B. 2020 Profit. $6.427B. GOBankingRates’ Evaluation of GM’s Net Worth
In business, Gross Margin Return on Inventory Investment (GMROII, also GMROI) [1] is a ratio which expresses a seller's return on every unit of currency spent on inventory. It is one way to determine how profitable the seller's inventory is, and describes the relationship between the profit earned from total sales, and the amount invested in ...
Ford and General Motors are two seemingly similar companies -- both storied and part of the American fabric. They are also similar in size, with market caps around $50 billion. However, when it ...