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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.
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 Viability Assessment" (PDF). Executive office of the President of the United States. March 30, 2009. Archived from the original (PDF) on April 7, 2009 Assessment of the GM plan of February 17, 2009, presented to the U.S. Government; Bad Design the Driving Force Behind GM's Malaise by Jonathan Glancey, The Guardian, June 1, 2009
The 1099-C cancellation of debt form includes the following: Creditor’s name, street address, telephone number and TIN Debtor’s name, street address and SSN/TIN
GM plans to launch predominately fuel-efficient cars and crossovers over the next four years, investing $2.9 billion in fuel-efficient technologies and alternative fuels during that time period. By 2012, GM will offer 15 hybrid models, and more than half of its fleet will be flex-fuel vehicles, able to run on either gasoline or ethanol-rich E85 ...
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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.
The GM Zeta platform replaced the V-body, and debuted with 2006 Holden Commodore (VE) sedan and Holden (VE) Ute. This platform was considered as the replacement for the North American W, H, and K platforms until plans were cancelled due to fuel-economy considerations and GM's financial situation.