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The logic is simple: Passing the employee discount to a non-employee costs the company money. GM says that the employee purchase program can save a buyer from $1,000 to $9,000. Imagine an employee ...
Employee pricing is a selling strategy launched in 2005 by the auto industry to attract customers by using the discounted prices that auto industry employees pay for new cars rather than the sticker price MSRP. The program was first offered that year by General Motors, and later followed by Ford, Chrysler, and some local
The United States government-endorsed sale enabled the NGMCO Inc. [1] ("New GM") to purchase the continuing operational assets of the old GM. [2] [3] [4] Normal operations, including employee compensation, warranties, and other customer services were uninterrupted during the bankruptcy proceedings. [2]
GM plans to launch predominately fuel-efficient cars and crossovers over the next four years, investing $2.9 billion in fuel-efficient technologies and alternative fuels during that time period. By 2012, GM will offer 15 hybrid models, and more than half of its fleet will be flex-fuel vehicles, able to run on either gasoline or ethanol-rich E85 ...
Under GM's "directed share" program, workers and dealers have until Oct. 22 to register to buy an unspecified number of shares in the new company at the IPO price, according to a notice posted online.
SAN FRANCISCO (Reuters) -Cruise, the robo-taxi unit of General Motors, on Thursday suspended the program under which GM buys back employees' shares, following an accident that led to the pause of ...
In 1926, the company introduced the Pontiac brand and established the General Motors Group Insurance Program to provide life insurance to its employees. [16] The following year, after the success of the 1927 model of the Cadillac LaSalle designed by Harley Earl, Sloan created the "Art and Color Section" of GM and named Earl as its first ...
The Detroit Free Press has learned more details on when GM and the UAW will start the first phase of the $50,000 retirement buyout program.