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With access to financing via GMAC, from 1980 McNamara applied for a series of loans to buy non-GM vans, valued at US$25,000 each, [4] which he said would be customized, before being pre-sold and shipped to the Mediterranean island country of Cyprus.
On the morning of June 1, 2009, Chevrolet-Saturn of Harlem, a dealership in Manhattan that was owned by GM itself, filed for bankruptcy protection there, followed in the same court by General Motors Corporation (the main GM in Detroit), GM's subsidiary Saturn LLC, and Saturn LLC's subsidiary Saturn Distribution Corporation. [3]
Chevrolet-Saturn of Harlem, Inc., [1] was a car dealership in the East Harlem neighborhood in New York City.Originally touted as a minority-owned dealership and part of the only new-car facility in Harlem, it was abandoned by its original operator within months and was taken over by General Motors directly.
GM bought 50% of Saab Automobile in 1989 & the other 50% in 2000. Engine plant sold to Scania AB in 2007. GM sold Saab Automobile sold to Spyker Cars in February, 2010. 1,2,3,4,8: Saab Trollhättan Assembly: Trollhättan: Sweden: Saab 92 Saab 93 Saab 95 Saab 96 Saab 99 Saab 900 Saab 9000 Saab 9-3 Saab 9-5 Cadillac BLS: 1947: 2010: Saab plant.
GM maintains a dealership presence in Japan, called GM Chevrolet Shop, previously known as GM Auto World Shop. [117] Current GM Japan dealerships were either former Saturn dealerships or Isuzu dealership locations. Since 1915, GM products are also currently sold by the company Yanase Co., Ltd. currently a subsidiary of ITOCHU Corporation. [118]
GM filed for Chapter 11 reorganization in the Manhattan New York federal bankruptcy court on June 1, 2009, at approximately 8:00 am EDT. June 1, 2009, was the deadline to supply an acceptable viability plan to the U.S. Treasury.