Cars
It was long overdue, but it was bound to happen: the company lawyers named Motors Liquidation Co. but which we came to know as "old GM" during the 2009 government bailout period, died on Thursday, December 15.
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Cars
The Company Formerly Known as “Old GM†is Dead at Age 103
It was long overdue, but it was bound to happen: the company lawyers named Motors Liquidation Co. but which we came to know as "old GM" during the 2009 government bailout period, died on Thursday, December 15.
Though it had a very long lifespan of 103 years, no one really noticed its demise. After all, this was just U.S. Bankruptcy Judge Robert Gerbert signing the death certificate. Giving birth to the “new GM†two years ago was a very painful process – and one that most of those involved would like to forget.
It meant the sacrifice of three of its brands (Pontiac, Hummer and Saturn) and getting rid of another (Saab, which ironically is now in a similar position), closing 13 plants along with 900 dealerships. GM also had to reduce its U.S. workforce from 91,000 to 68,500 employees, which either way, is a far cry from the 525,000 workers it had in the States and another 100,000 outside the country in 1955.
Read more »- Gmc To Celebrate Centennial With Heritage Edition Yukon And Sierra At The New York Auto Show
GMC was one of General Motors' four brands in the United States to live to tell another tale after the company's restructuring process in 2009, which brought the end of Pontiac, Hummer and Saturn. One of the main reasons GMC remained alive is...
- Gm Refuses To Repair 400,000 Chevrolet Impalas, Says It's “old Gm's" Responsibility
On June 29, a woman named Donna Trusky filled a class-action lawsuit against General Motors in Detroit. The subject was a defect in the suspension rods of the 2007-2008MY Chevrolet Impala, which caused the tires to wear prematurely – in Trusky’s...
- Chrysler Llc To Shut Down Most Plants From May 4
In both statements released to the press and the firm's employees, Chrysler LLC's outgoing CEO Bob Nardelli announced that while in bankruptcy, most manufacturing plants of the automaker will be temporarily idled. The lockdown will commence on...
- Gm Officially Announces Pontiac's Death, Saab, Hummer And Saturn To Be Gone By 2009
This is the end of the road for Pontiac as General Motors confirmed earlier media reports by officially announcing on Monday the death of the 83-year-old marque that will be phased out by the end of 2010. As part of its revised "Viability Plan" that accelerates...
- $5,180,000,000 To Gm Hourly Workers?
All those zeros you see in the title represent a speculative, hypothetical number that General Motors could pay to its 74,000 hourly employees who ply their trade in the United States. Â Just how many workers is 74,000? Â That'd be the complete...