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The final direct cost to the Treasury of the GM bailout was $11-12 billion ($10.5 billion for General Motors and $1.5 billion for former GM financing GMAC, now known as Ally). Local tax incentives amounted to $1.7 billion, most of them in Michigan.
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 ...
The Magnuson–Moss Warranty Act (P.L. 93-637) is a United States federal law ( 15 U.S.C. § 2301 et seq. ). Enacted in 1975, the federal statute governs warranties on consumer products. The law does not require any product to have a warranty (it may be sold "as is"), but if it does have a warranty, the warranty must comply with this law.
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An analyst for Credit Suisse estimated that GM could lose as much as $50 million each day the strike continued, while other analysts estimated daily losses could be as high as $100 million per day. GM's share of the automobile market had decreased from 30% in the late 1990s to 17% by 2019, meaning the strike likely had fewer implications for ...
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A Regular Production Option (RPO) is a 3-digit standardized code used by General Motors to designate vehicle options & modifications. RPO codes designate how a vehicle is built, and they've been used on dealership order forms and in assembly plants since at least the 1950s ( see Corvette C1 ). It was originally all numeric and labeled Sales ...
July 17, 2024 at 12:24 PM. Cadillac. DETROIT — General Motors will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the 2025 ...