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The U.S. Big Three were first weakened by the substantially more expensive automobile fuels [6] linked to the 2003–2008 oil crisis which, in particular, caused customers to turn away from large sport utility vehicles (SUVs) and pickup trucks, [7] the main market of the American "Big Three" (General Motors, Ford, and Chrysler).
Chrysler filed for chapter 11 bankruptcy protection on May 1, 2009 [94] followed by General Motors a month later. [95] On June 2, General Motors announced the sale of the Hummer brand of off-road vehicles to Sichuan Tengzhong Heavy Industrial Machinery Company Ltd., a machinery company in western China, a deal which later fell through.
The Last Truck: Closing of a GM Plant (also known as The Last Truck) is a 2009 documentary film, directed by Steven Bognar and Julia Reichert [1] and produced for HBO Films. The film follows the closure of the Moraine Assembly plant, a General Motors automobile factory in Moraine, Ohio, on December 23, 2008. [2]
General Motors (GM) was founded in September of 1908. On June 1, 2009, at 8 a.m. -- almost 101 years later -- it ceased to exist, and control was handed over to turnaround executive Al Koch ...
For General Motors (NYS: GM) , the fourth quarter brought a bit of both. ... That made for a loss of $747 million for the full year, an improvement over 2010 -- but far from GM's goal of breaking ...
Due to a long-lasting downturn in sales of full-size trucks and SUVs in the United States (up to a 30% down through the first nine months of 2008), General Motors cancelled the next-generation CXX truck program in May 2008. Along with it, the replacements for the Chevrolet Tahoe and Suburban and their siblings at GMC and Cadillac. [4]
General Motors' revenue increased 4% to $39 billion and it earned $2.6 billion in the. After Ford's solid third-quarter report last week the pressure was on crosstown rival General Motors to ...
Plant 5 fronted Franklin Road north of Plant 3. In 1943, GM acquired the remaining interest in Yellow Truck & Coach Manufacturing Company and renamed it GMC Truck & Coach Division. [6] Around 1981, Plant 1 was demolished. Plants 3 and 5 were demolished around 2005, and Plant 4 in 2008.