General Motors
Manufacturing Company, Automotive Company, and Company
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GM analyst predicts solid November US salesGM analyst predicts solid November US sales DETROIT -- GM's top sales analyst says U.S. auto sales in November could top an annual rate of 10.8 million for the first time year besides this summer, which was helped by the Cash for Clunkers... In this article: GM, US, J.D. Power and Associates, Edmunds.com, and Detroit |
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New York Post | 5 days ago
GM to make 1st US loan payment
GM to make 1st US loan payment Last Updated: 2:40 AM, November 17, 2009 Posted: 2:23 AM, November 17, 2009 General Motors, signaling confidence in its recovery from bankruptcy, said it generated $3.3 billion in cash in the third quarter...
In this article: Bankruptcy, US, and Ontario
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washingtonpost.com | 6 days ago
GM reports $1.2B 3Q loss, says it shows progress
...invested $50 billion in the rescue of General Motors. In exchange, the United States holds the $6.7 billion debt, $2.1 billion in preferred stock and a 61 percent stake in the company. The $6.7 billion debt was not due to be repaid until...
In this article: United States, Bankruptcy, Balance sheet, Delphi, Canada, and Germany
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Philly.com | 5 days ago
GM says it'll pay back U.S. early
GM says it'll pay back U.S. early Fritz Henderson, chief executive officer of General Motors Co., speaks at a news conference at company headquarters in Detroit. He expects to give Uncle Sam $1.2 billion by the end of the year. GM says...
In this article: GM, U.S., Bankruptcy, Detroit, Cash flow, Chevrolet Camaro, Chevrolet Equinox, and GMC Terrain
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USATODAY.com | 4 days ago
Obama says government won't try to help run GM, Chrysler
...would come after GM's and probably not earlier than 2011. •A just-announced plan for General Motors to repay U.S. and Canadian loans will be re-evaluated in June, he said. GM plans quarterly payments of $1 billion to the U.S. on a $6.7...
In this article: Chrysler, Fiat, Electric car, Chevrolet Volt, Bankruptcy, Opel, and Sberbank
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National Post | 6 days ago
GM to pay back US$1.2B U.S., Canadian government loans
GM to pay back US$1.2B U.S., Canadian government loans GM pays back government loans, readies offering Nicolas Van Praet and Eric Lam, Financial Post Published: Monday, November 16, 2009 JUNG YEON-JE/AFP/Getty Images General Motors CEO...
In this article: GM, United States, Bankruptcy, Canada, Ontario, Operating cash flow, Tax, Financial Post, and United Auto Workers
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New Jersey On-Line | 6 days ago
GM posts $1.2B loss, but will start repaying U.S. loan
GM posts $1.2B loss, but will start repaying U.S. loan Latest local and international economic news, market & financial reports GM posts $1.2B loss, but will start repaying U.S. loan APA General Motors sign at a Chevrolet dealership in...
In this article: Revenue, Bankruptcy, U.S., Balance sheet, United Auto Workers, and Chevrolet
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The Spokesman Review | 6 days ago
GM seeks fast debt payoff - Mon, 16 Nov 2009 PST
...depends on GM's eventual stock value. In exchange for the $50 billion, the United States holds the $6.7 billion debt, $2.1 billion in preferred stock and a 61 percent stake in the company. But the announcement of the repayment plan...
In this article: GM, Bankruptcy, Chrysler, United States, and Washington
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San Jose Mercury News | 6 days ago
GM to begin repaying U.S.
GM to begin repaying U.S. WASHINGTON - General Motors is expected to announce today that it will begin repaying its debt to the United States next month, years earlier than required. The nation's largest automaker plans to pay $1 billion...
In this article: United States, Bankruptcy, Chrysler, and Washington
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Description from Wikipedia:
General Motors Company, also known as GM, is a United States based automaker with headquarters in Detroit, Michigan.
GM was the world's 18th largest corporate entity and third largest automaker as ranked by 2008 revenues on the Fortune Global 500. Ranked by global unit sales for 2008, it was the world's second largest automaker. GM manufactures cars and trucks in 34 countries, recently employed 244,500 people around the world, and sells and services vehicles in some 140 countries.
On June 1, 2009 General Motors filed for Chapter 11 bankruptcy proceedings from which it emerged on July 10, 2009 in a reorganization in which a new entity acquired the most valuable assets. GM is now majority owned by the United States Treasury and Canadian governments, with the US government investing a total of $57.6 billion under the Troubled Asset Relief Program.
While no GM shares are currently available to the public, the company plans an initial public stock offering (IPO) in 2010.
GM plans to focus its business on its four core US brands — Chevrolet, Cadillac, Buick, and GMC. In Europe, following a period of negotiation to sell a majority stake in its Opel and Vauxhall brands, GM decided to retain full ownership of these operations.
- Name:
- General Motors Company
- Type:
- Limited liability company
- Location:
- Detroit, Michigan, United States
- Region:
- Worldwide
- Founded:
- Flint, Michigan (1908)
- Owned by:
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- United Auto Workers
- The Crown in Right of Canada (7.9%)
- United States Department of the Treasury (61%)
- The Crown in Right of Ontario (3.8%)
- Bond holders of Motors Liquidation Company (9.8%)
- VEBA (17.5%)
- Industry:
- Automotive
- Key People:
- Products:
- Automobiles
- Revenue:
- US$ 148.979 billion
- Operating Income:
- US$ US$ 21.284 billion
- Net Income:
- US$ −30.9 billion
- Assets:
- US$ 91.047 billion
- Equity:
- US$ −86.154 billion
- No. of Employees:
- 244,500
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