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Likewise, the Free Press reported on Jan. 23 that UAW-represented workers at Ford also began receiving $50,000 buyout offers. The window for eligible employees to sign up for that program was ...
CEO Mary Barra presented a timeline for when GM will be able to satisfy new federal requirements to qualify for the $7,500 EV tax credit. GM electric vehicles will be eligible for $7,500 tax ...
Connecticut- up to $3,000 can be regained via rebate with Connecticut Hydrogen and Electric Automobile Purchase Rebate (CHEAPR) program. Delaware- The state government offers a $2,200 rebate to lease or buy an EV. They also have a $1,100 rebate to convert a combustion engine into a pure electric vehicle. [17]
In an 8-K filing submitted by GM on Thursday, the automaker says it expects to take a $1.5 billion pre-tax charge, and up to $300 million in pre-tax, non-cash pension curtailment charges. GM said ...
General Motors was represented by the New York specialist law firm Weil, Gotshal & Manges. The United States Treasury was represented by the United States Attorneys Office for the Southern District of New York and Cadwalader, Wickersham & Taft LLP. An ad hoc group of the bondholders of General Motors Corporation was also represented in court. [47]
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]
Jamie L. LaReau, Detroit Free Press. November 4, 2023 at 12:32 PM. ... Booth said that in the contract GM will offer three company special attrition programs (SAPs) from January 2024 through the ...
The GMC Hummer EV (badged as H EV) is a line of battery electric heavy-duty vehicles produced by General Motors since 2021, and sold under the GMC marque. [12] The Hummer EV is offered in two variants: a pickup truck and a sport utility vehicle (SUV), unveiled in October 2020 and April 2021 respectively.