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Nov 8, 2011 · William Crapo Durant (yes, that was his middle name) worked out a deal to buy the Ford Motor Company for $2 Million in cash, plus an additional $4 Million paid out over three years, at 5-percent interest. Billy pitched the deal to his company’s board of directors on October 26, 1909 and they approved, IF he could get the financing.
Jan 24, 2016 · When US taxpayers footed a $50 billion bill for the bailout of General Motors in 2009, few could have guessed that the biggest of the Detroit “Big Three” (GM, Chrysler, Ford) would go on to ...
Sep 14, 2008 · 1928: GM India established. 1929: GM bought Adam Opel AG in Germany. GM China opened headquarters in Shanghai. 1931: General Motors-Holden's Ltd. formed by merger of Holden's Motor Body Builders ...
Mar 4, 2024 · U.S. taxpayers lost more than $11.2 billion as a result of the federal bailout of General Motors, according to a government report released Wednesday. The $11.2-billion loss includes a $826-million write-off in March from government investments in the “Old GM” before the company's 2009 bankruptcy, the report said.
May 2, 2018 · It was May 2, 1918, when William C. Durant, GM founder, purchased Chevrolet. Durant also founded the division in 1911 and named the company after his partner and race car driver, Louis Chevrolet .
Nov 13, 2018 · Under the UAW’s 2015 contracts with GM, Ford and Fiat Chrysler, the two-tier system is being phased out. Post-2007 hires will catch up to the top legacy wage of $28 an hour in 2023.
Jan 11, 2022 · Bottom line, if i have $5800 in GM Earnings on my current Platinum/Copper card (the one that earns 5% unlimited on every purchase but has a redemption cap depending on the vehicle). how does that ...
