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Orion Assembly is an automotive assembly plant in Orion Township, Michigan, United States, owned and operated by General Motors.From late 2025, the plant is slated to assemble the Chevrolet Silverado EV and GMC Sierra EV battery electric pickup trucks for the U.S. market.
According to an April 2014 report of the Special Inspector General of the Troubled Asset Relief Program, the U.S. government had lost $11.2 billion (~$14.2 billion in 2023) in its rescue of General Motors. The U.S. government spent $50 billion to bail out GM, meaning it recovered 77.6 percent of its investment amount. [7]
GM is seeking $12 billion in bridge loans through 2009 and is also asking for revolving credit of $6 billion that it could draw on if its sales forecast falls short. The company ended the third quarter of the year with cash reserves of $16 billion, but it estimates that it should have at least $11 billion on hand to maintain its operations.
Shares of General Motors surged almost 10% Tuesday after the automaker posted a $3 billion third-quarter profit, slightly less the same period a year ago. GM's stock closed up 9.8% at $53.73, the ...
In July, the Energy Department said it planned to award GM and Chrysler-parent Stellantis nearly $1.1 billion in grants to convert existing plants to build electric vehicles and components and ...
For the quarter, GM reported topline revenue of $42.98 billion, beating the $39.53 billion consensus Bloomberg estimate, although this figure was down compared with the $43.1 billion the company ...
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