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Employee pricing. Employee pricing is a selling strategy launched in 2005 by the auto industry 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 ...
On May 30, 2009, it was announced that a deal had been reached to transfer New Opel (Opel plus Vauxhall, minus Saab) assets to a separate company majority-owned by a consortium led by Sberbank of Russia (35%), Magna International of Canada (20%), and Opel employees and car dealers (10%). GM was expected to keep a 35% minority stake in the new ...
Further, the volume of cars sold in the U.S. was significantly tied to home equity lines of credit, with 24% of sales financed this way in 2006. [10] When the availability of these loans suddenly dried up in 2008 due to the subprime mortgage crisis, vehicle sales declined dramatically, from 17 million in 2006 to 10.6 million in 2009. [11]
Last year, Volkswagen was the most profitable automaker in the world, reporting a huge $15 billion in operating profit. That blew away the totals from Toyota and General Motors , the two ...
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Viking. In the late 1920s, American automotive company General Motors (GM) launched four companion makes to supplement its existing lineup of five-passenger car [a] brands, or makes. [b] The companion makes were LaSalle, introduced for the 1927 model year to supplement Cadillac; Marquette, introduced in 1929 for 1930 [c] to supplement Buick ...
Last year, Volkswagen was the most profitable automaker in the world, reporting a huge $15 billion in operating profit. That blew away the totals from Toyota and General Motors , the two ...
The GM Futurliners were a group of custom vehicles, styled in the 1940s by Harley Earl for General Motors, and integral to the company's Parade of Progress—a North American traveling exhibition promoting future cars and technologies. [2] [3] Having earlier used eight custom Streamliners from 1936 to 1940, [4] GM sponsored the Parade of ...
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