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General Motors agreed to shed 47,000 jobs, close five plants, and axe 12 car models. Chrysler agreed to cut 3,000 jobs, cut one shift from production, and axe three car models. [83] General Motors was also looking to sell its Swedish subsidiary, Saab. GM made no mention of plans for its German subsidiary, Opel, or its British subsidiary, Vauxhall.
In 1957, area code 815 was split for the assignment of area code 309 to western central Illinois. No further changes took place for 33 years. In 1989, area code 708 was created for all of the suburbs in the Chicago metropolitan area while the city of Chicago kept the original 312. Area codes 847 (northern suburbs) and 630 (western suburbs) were ...
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 ...
GM notified about 1,000 employees, most in metro Detroit, that they were being let go early Friday. GM cuts 1,000 jobs globally, mostly salaried but some hourly, in move to gain efficiency Skip to ...
A strike by auto workers against General Motors is expected to cut pretax earnings by $800 million this year, and another $200 million per week after that, the company's chief financial officer said.
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It was the only new area code created in Illinois between 1947 and the 1989 creation of area code 708. [2] In preparation of an overlay plan with the new area code 779, all calls from the 815 area needed to be dialed with an area code beginning on February 17, 2007. A month later, area code 779 was activated.
The action was factored into GM's prior forecast that it could shave up to $2 billion off this year's profit, spokesman David Barnas said. GM further cuts production in North America due to global ...