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Employee pricing is a selling strategy launched in 2005 by the auto industry in order to attract customers by using the discounted prices that auto industry employees pay for new cars rather than the sticker price MSRP. The program was first offered that year by General Motors, and later followed by Ford, Chrysler, and some local dealerships.
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.
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. The filing reported US$82.29 billion in assets and US$172.81 billion in debt.
GM employees already have a vested interest in the form of a 17.5% holding by a retiree health care trust, managed by the United Auto Workers, established as part of the company's government ...
GM union members had until Thursday at 4 p.m. ET to vote on ratifying the tentative deal. As for the other members of the Big Three, per the UAW Ford’s ( F) union workers have thus far approved ...
Despite a small dip in U.S. vehicle sales, General Motors' first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles. GM on Tuesday said it ...
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related to: gm dealer employee discountMarkPorterGM.com has been visited by 10K+ users in the past month