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GM And UAW Reach Agreement

Wednesday, March 11th, 2009

The UAW has agreed to concessions demanded by General Motors. The deal was similar in some ways to a recent agreement with Ford Motor Company. Terms of GM's $13.4-billion federal loan require the automaker to push the union to accept half the money owed to the fund in company stock ...

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General Motors Future Uncertain

Thursday, March 5th, 2009

General Motors is in big trouble and facing an uncertain future. The company has had a big problem selling vehicles and has amassed a mountain of debt in the process. After announcing a $30.9 billion loss last week, many experts are beginning to wonder if the beleaguered car ...

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GM Taps $3.4 Billion Credit Line

Monday, September 29th, 2008

GM wants to make sure they have enough money to continue operations, despite the ongoing credit crisis. The company announced they've drawn down the rest of a $4.5 billion credit line they established with bankers two years ago. The collateral for the credit consists of North American accounts receivable and inventory of ...

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