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By the time the company closed its books on 2008 it would be in the red by a staggering $30.9 billion. Chief executive Rick Wagoner led the auto delegation in Washington seeking government...
On December 2, 2008, General Motors submitted its "Restructuring Plan for Long-Term Viability" to the Senate Banking Committee and House of Representatives Financial Services Committee. Congress declined to act, but in December 2008 the Bush administration provided a "bridge loan" to General Motors with the requirement of a revised business ...
General Motors emerged from bankruptcy as a new company majority-owned by the United States Treasury, and Chrysler emerged owned primarily by the United Auto Workers union and by Italian automaker Fiat S.p.A.
Feb 19, 2015 · By fall 2008, the financial situation of the domestic auto-makers was so dire that they would soon be unable to make their wage and supplier payments. In November 2008, the CEOs of Ford, General Motors, and Chrysler came before the House and the Senate to request a $25
Jun 4, 2009 · Until 2008, when it was overtaken by Toyota, GM was the world's biggest carmaker, producing well over 9m cars and trucks a year in 34 different countries. It has 463 subsidiaries and employs...
Nov 12, 2008 · Nov. 11, 2008. DETROIT — Just two months after celebrating its 100th birthday, General Motors is facing the grim prognosis that it may not survive to see another year unless it is rescued by a...
Dec 19, 2008 · WASHINGTON — President George W. Bush on Friday announced $13.4 billion in emergency loans to prevent the collapse of General Motors and Chrysler, and another $4 billion available for the ...
