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On August 21, 2008, there was also an issue with GM's lending arm GMAC, [2] where Bill Heard lost GM's line of GMAC credit with some stores [3] [7] concerning the financing of new inventory. [2] About that same time, the state of Georgia announced its plans for legal action against BHE regarding the fake recall notice promotion. [ 9 ]
Stamping plant through 1972. Located at 950 E Milwaukee Ave. Produced aircraft and tank assemblies, 90 mm AA guns, 5” naval gun housings and Lockheed missile parts during World War II. Located at 4000-4500 S. Saginaw St. Originally a Durant Motors plant. Bought by GM in 1925 and became Fisher Body Plant No. 1 - Flint.
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.
The Chrysler company was founded by Walter Chrysler on June 6, 1925, [12] [13] when the Maxwell Motor Company (est. 1904) was re-organized into the Chrysler Corporation. [14] [15] The company was headquartered in the Detroit enclave of Highland Park, [16] [17] [18] where it remained until completing the move to its present Auburn Hills location in 1996.
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Website. gm.com. General Motors Company ( GM) [ 2] is an American multinational automotive manufacturing company headquartered in Detroit, Michigan, United States. [ 3] The company is most known for owning and manufacturing four automobile brands: Chevrolet, GMC, Cadillac, and Buick.
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