will gm go out of business?
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General Motors filed for bankruptcy early Monday, marking the end of an era for GM, as the troubled automaker now represents the largest bankruptcy in history. Once the world's largest automaker, now the ailing giant will be forced to close more than 10 plants and cut more than 20,000 jobs.
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The U.S. government lost $11.2 billion on its bailout of General Motors, according to a 2014 government report. The government invested about $50 billion to bail out GM as a result of the company's 2009 bankruptcy, and at one time held a 61 percent equity stake in the Detroit-based automaker.
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General Motors Company, commonly referred to as General Motors (GM), is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters in Detroit's Renaissance Center.
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As for Pontiac being resurrected, hard to say. GM might bring it back, they may only do so to push the electric vehicle revolution by making an EV Firebird, Trans Am or the Grand Am/Prix. Even then they might not be the same. ... Your best bet is to find a Pontiac, keep it running and looking nice.
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Chevrolet Camaro To Be Discontinued In 2023. General Motors plans to discontinue the Chevrolet Camaro after 2023, according to a new report. Things aren't looking great for the Chevrolet Camaro. ... The Chevy Camaro, sadly, has seen its sales drop 25% from 2017 to 2018, and it doesn't look like 2019 will be any better.
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Ford employees have not gone on strike since 1976. But when GM (GM) announced plans last November to close US plants, it put itself in the UAW's crosshairs and made its strike almost inevitable. Eventually, negotiations with Fiat Chrysler (FCAU) will move to the front burner.
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The long-serving, utilitarian Dodge minivan with an iconic name is being phased out. ... Will the Dodge Grand Caravan live to see the 2021 model year? Nope. The model is officially being discontinued, with production phasing out by May at the Windsor, Canada assembly plant that builds it.
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A new report from Muscle Cars and Trucks alleges that might well happen after 2023, which is when the current sixth-generation 'Maro is slated to end production. The report cites “multiple sources” at General Motors as saying the next-generation Camaro program is suspended, with no apparent future beyond 2023.
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The warranty covers defects in materials or workmanship and provides for repairs with GM factory parts. There is no deductible for repairs, and you can take your vehicle to any of the brand's dealerships to get the work done. GM's extended warranty covers the parts of your car that don't wear with use.
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On June 1, 2009, as a part of the General Motors bankruptcy announcement, the company revealed that the Hummer brand would be discontinued. However, the following day GM announced that instead it had reached a deal to sell the brand to an undisclosed buyer.
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GM is laying off another 4,000 workers, the company acknowledged on Monday. The cuts are on top of thousands of job cuts the company announced last November. Those earlier cuts were concentrated on the factory floor, with GM shuttering five manufacturing plants in the United States and Canada.
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The last Chevy Impala sedan rolled off the assembly line at GM's Detroit-Hamtramck plant in Michigan on February 27, marking the end of a lifespan that lasted more than 60 years. GM announced in 2018 that it would be dropping the Impala, along with several other passenger-car models, from its lineup.
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The GMB are probably made in china and of questionable quality. A few manufacturing defects will happen with any brand.
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But, unfortunately for shareholders in the old GM, the relative safety of the new GM's stock is of no value to them. Shares of the old GM are canceled. Investors must learn from this situation and remember to never hold shares of an individual company's stock this long.
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General Motors (NYSE:GM) announced Monday that it would be closing down five of its facilities across the United States, ceasing the production of six of its sedan brands, including the Buick LaCrosse, Cadillac CT6, XTS, Chevrolet Cruze, Impala, and hybrid-electric Volt. GM will also lay off some 15,000 workers.
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Members of the United Auto Workers approved a new contract with General Motors, ending the weeks-long strike that shuttered the automaker and sent nearly 50,000 workers to picket lines across the country, in what was one of the largest work stoppages in recent years. Support our journalism. Subscribe today.
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As you may have heard - sadly our parent company 'Border Car Group' recently went into administration. This unfortunately had a knock-on effect with the operation of 'BC Motorhomes Travel and Leisure' and we found ourselves in the position of no longer being able to trade.