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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 ...
The group will pay GM $7.4 billion in cash at closing. GM will retain approximately $20 billion in automobile financing worth an estimated $4 billion over three years. GM sold its remaining 8% stake in Isuzu, which had peaked at 49% just a few years earlier, [34] on April 11, 2006, to raise an additional $300 million.
In 2015, out of its budget of $3.97 trillion, the US spent $637 billion on the military. In 2016, the US spent 3.29% of its GDP on its military (considering only basic Department of Defense budget spending), more than France's 2.26% and less than Saudi Arabia 's 9.85%. [133]
William Crapo Durant (December 8, 1861 – March 18, 1947) was a leading pioneer of the United States automobile industry, founder of General Motors and co-founder of Chevrolet. He created a system in which a company held multiple marques – each seemingly independent, with different automobile lines – bound under a unified corporate holding ...
1945–1946 General Motors strike. From November 21, 1945, to March 13, 1946 (113 days), CIO 's United Automobile Workers (UAW), organized "320,000 hourly workers" to form a nationwide strike against General Motors, workers used the tactic of the sit down strike. [1] It was "the longest strike against a major manufacturer" that the UAW had yet ...
General Motors figures its re-entry into the S&P 500 club will be quite soon, even though the company is still in the early stages of its turnaround. There's no denying that the U.S. automotive ...
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
CBO projected in February 2013 that under the sequester and Budget Control Act caps: Discretionary spending outlays will be reduced from $1,285.3 billion in 2012 to $1,213.9 billion in 2013, a reduction of $71.4 billion or 5.6%. Discretionary spending will fall again to $1,170.0 billion in 2014, a decrease of $42.8 billion or 3.6%.