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Motors Liquidation Company ( MLC ), formerly General Motors Corporation, was the company left to settle past liability claims from Chapter 11 reorganization of American car manufacturer General Motors. It exited bankruptcy on March 31, 2011, only to be carved into four trusts; the first to settle the claims of unsecured creditors, the second 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 ...
The General Motors ignition switch recalls refers to February 6, 2014 when General Motors recalled about 800,000 of its small cars due to faulty ignition switches, which could shut off the engine while the vehicle was in motion and thereby prevent the airbags from inflating. [ 1] The company continued to recall more of its cars over the next ...
As a student or the parent of one, the cost of tuition is always at the back of your mind. The average price of attending a four-year college nowadays ranges from $108,584 at public institutions ...
Mary Teresa Barra (née Makela; born December 24, 1961) is an American businesswoman who has been the chair [ 1 ] and chief executive officer (CEO) of General Motors since January 15, 2014. [ 2 ] She is the first female CEO of a 'Big Three' automaker. [ 3 ][ 4 ][ 5 ] In December 2013, GM named her to succeed Daniel Akerson as CEO. [ 3 ]
The deadline for filing claims was Jan. 31, but any claims postmarked by that date are eligible for review. GM gets 57 more claims for faulty ignition switch compensation Skip to main content
General Motors bankruptcy. Only days after approaching the U.S. Government to seek further funding, General Motors published its losses for the final quarter of 2008 to be at $9.6 billion (£6.7 billion). This brought its overall 2008 losses to $30.9 billion. In 2007, General Motors made a loss of $38.7 billion.
Both GM and Stellantis denied the unfair labor charges. Ford Motor said it offered a 9% wage increase through 2027, much less than the 46% wage hike being sought by the union. UAW files unfair ...