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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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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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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