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The General Motors streetcar conspiracy refers to the convictions of General Motors (GM) and related companies that were involved in the monopolizing of the sale of buses and supplies to National City Lines (NCL) and subsidiaries, as well as to the allegations that the defendants conspired to own or control transit systems, in violation of Section 1 of the Sherman Antitrust Act.
John McNamara (fraudster) John M. McNamara (born 1940) [1] [2] is an American convicted felon and former businessman. McNamara was convicted of a Ponzi scheme fraud through gaining loans to a value of $6 billion from General Motors financing arm GMAC, to develop a $400M car sales and property development business.
General Motors Chapter 11 reorganization. The 2009 General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through Chapter 11, Title 11, United States Code in the United States bankruptcy court for the Southern District of New York. The United States government-endorsed ...
Mainstream media outlets in the United States reported that Vladimir Putin might be seriously ill due to complications from a secret cosmetic surgery procedure it was claimed he'd undergone. [6] The rumors originated after the Russian president postponed a scheduled meeting from 11 to 18 March, as well as analysis of background objects in ...
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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 ...
Various views of a "MaxScan OE509" – a fairly typical onboard diagnostics (OBD) scanner, 2015. On-board diagnostics ( OBD) is a term referring to a vehicle's self-diagnostic and reporting capability. In the United States, this capability is a requirement to comply with federal emissions standards to detect failures that may increase the ...
A further quarterly loss of $15.5 billion, the third-biggest in the company's history, was announced on August 1, 2008. [46] On November 17, 2008, GM announced it would sell its stake in Suzuki Motor Corp. (3.02%) for 22.37 billion yen ($230 million) [47] in order to raise much needed cash to get through the 2008 economic crisis.