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WASHINGTON, Oct 5 (Reuters) - GM Financial, a unit of General Motors Co (GM.N), agreed to pay over $3.5 million to resolve allegations it violated a U.S. federal law that provides certain.
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The 2009 General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through Chapter 11, Title 11, United States Code in the United States bankruptcy court for the Southern District of New York.
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Once the richest and most powerful automaker in the world; the symbol of American industrial might; the engine room of the American economy, General Motors is now officially bankrupt. A new GM.
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The stock market has spoken. General Motors' efforts to redefine itself as more than just an automaker are bearing fruit. Follow an extensive presentation this past week at the 2021 Consumer.
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General Motors filed for bankruptcy early Monday, marking the end of an era for GM, as the troubled automaker now represents the largest bankruptcy in history. Once the world's largest.
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3:37. Cruise LLC is cutting 24% of its workforce, extending an overhaul of the troubled autonomous-vehicle business after it dismissed nine top executives. The layoffs, which amount to about 900.
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DETROIT โ General Motors' U.S. light-vehicle sales plunged 43 percent in the fourth quarter to a new post-bankruptcy low as the global microchip shortage continued to pummel production.
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Ad Feedback. Both Toyota (TM) and GM (GM) reported year-end sales Tuesday. GM (GM) posted full-year US sales of 2.2 million vehicles, which left it 114,000 vehicles, or 5% behind Toyota (TM). GM.
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Dec 14 (Reuters) - General Motors' (GM.N) self-driving vehicle business Cruise will slash 24% of its workforce as it works to restructure operations following an accident that forced it to halt U.
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A Cruise vehicle in San Francisco on Feb. 2, 2022. General Motors' Cruise on Thursday announced internally that it will lay off 900 employees, or 24% of its workforce, the company confirmed to.
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GM's full-year 2022 revenue was $156.7 billion, net income attributable to stockholders was $9.9 billion and EBIT-adjusted was a record $14.5 billion. Results were at the high-end of the company's.
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GM employs 92,000 in the USA, and is indirectly responsible for 500,000 retirees. The high-stakes plan got some encouraging news Sunday night, when a bankruptcy judge gave Chrysler approval to.
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According to a CNBC report, the Cruise layoffs will impact 900 employees or 24% of its workforce. Further, the headcount reduction primarily affects commercial operations and related corporate.
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Under the terms of the reorganization and similar to the restructuring path forged by Chrysler, the sale of which to Italy's Fiat has been approved by the U.S. Bankruptcy Court, GM will be.
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Key Points. General Motors' fourth-quarter earnings beat Wall Street's expectations and its 2022 guidance pleased analysts, but the company made other noteworthy announcements Tuesday as well.
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Sep 27, 2022. Hydrogen Finally Getting Its Day . Nov 11, 2022. The Software-Defined Vehicle of Today and Tomorrow. Newswire. brought to you by. US directs GM to prep for bankruptcy filing-NY.
