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General Motors Financial Company, Inc. is the financial services arm of General Motors.The company is a global provider of auto finance, with operations in the United States, Latin America, Canada, Europe (which was sold to PSA Groupe and BNP Paribas following the sale of GM's core area businesses Opel and Vauxhall in a $2.2 billion deal), and China.
The UAW's vote tracker indicates all the major votes are in and members across GM's plants have tentatively ratified the deal after a contentious vote. GM UAW members ratify contract after 54.7% ...
The contract between the UAW and General Motors expired September 14, and the strike began at 11:59 p.m. on September 15, 2019. A two-day difference between contract expiration and the beginning of a strike is unusually short, [4] but likely motivated by the prolonged negotiations between management and the union.
On May 27, 2009, the U.S. Treasury advanced a secured loan of US$360.6 million to GM, and GM issued a note to the Treasury for US$360.6 million, plus $24.1 million USD as additional compensation for the warranty advance, pursuant to the terms of the Warranty Agreement dated December 31, 2008, between GM and the U.S. Treasury. The loan funded a ...
DETROIT — General Motors on Tuesday announced a new $6 billion stock repurchase authorization has been approved by its board. The new buyback authorization comes as an accelerated $10 billion ...
Ford and GM locked up all three finalist spots for 2024 Truck of the Year, but neither they nor Stellantis could land a single vehicle among the six competitors for 2024 Car and SUV of the year.
On June 1, 2009, the court gave interim approval to GM's request to borrow $15 billion as debtor-in-possession financing, the company only having $2 billion cash in hand. The United States Treasury had argued in court that it was the only source of such debtor in possession funding, and that without the money from the loan General Motors would ...
GM’s forward price-to-earnings multiple is a mere 4.3 times, a sizable discount to the S&P 500 index's 22 times. ... Read the latest financial and business news from Yahoo Finance. Show comments ...