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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. Like the other two, the GM deal includes a right to ...
In an 8-K filing submitted by GM on Thursday, the automaker says it expects to take a $1.5 billion pre-tax charge, and up to $300 million in pre-tax, non-cash pension curtailment charges. GM said ...
It was a plan sweetened by a special attrition retirement program GM agreed to in the United Auto Workers' contract negotiated last fall. The program will pay a pretax lump sum of $50,000 to ...
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 ...
New GM product segment will focus on military, Detroit News, October 9, 2017, Ian Thibodeau; General Motors Going Back Into the Defense Business, October 9, 2017, The Truth About Cars, Steph Willems; GM works with Navy on underwater fuel-cell drones, Detroit Free Press, June 23, 2016, Greg Gardner
The United States Navy Reserve (USNR), known as the United States Naval Reserve from 1915 to 2005, is the Reserve Component (RC) of the United States Navy.Members of the Navy Reserve, called Reservists, are categorized as being in either the Selected Reserve (SELRES), the Training and Administration of the Reserve (TAR), the Individual Ready Reserve (IRR), or the Retired Reserve.
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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 ...