In 2008, GM faced a financial crisis, leading to a government bailout and ultimately, a bankruptcy filing in 2009, where stockholders saw their investments wiped out as the company restructured and emerged as a new entity.Blackvegetable » 13 minutes ago » wrote: ↑ https://www.cbsnews.com/detroit/news/ge ... ng-checks/
Hourly employees who worked 1,850 compensated hours will receive a full profit-sharing check of $14,500. This is the highest profit-sharing amount GM has ever paid hourly employees and the highest of Detroit's Big Three automakers.
Here' what Hole heard.....
https://www.foxbusiness.com/video/6369410763112
These people are so **** g'ddammned stupid
BV is trying to portray it as a Democrat victory.....they're really grasping at straws these days for some kind of legitimacy.ConsRule » 7 minutes ago » wrote: ↑ FYI...GM is not the only business in the US economy.
I'm happy for the employees that will receive the profit sharing checks. The extra $10,875 can provide a nice boost to the economy or allow many to pay down their personal debt.
Yes...the last idiot for whom you cast two enthusiastic votes almost tanked the ENTIRE US auto industry...RebelGator » 19 minutes ago » wrote: ↑ In 2008, GM faced a financial crisis, leading to a government bailout and ultimately, a bankruptcy filing in 2009, where stockholders saw their investments wiped out as the company restructured and emerged as a new entity.
Here's a more detailed breakdown:
- Financial Crisis:
GM struggled with declining sales and high costs, exacerbated by the 2008 financial crisis.- Government Bailout:
The Bush and Obama administrations intervened with a bailout package through the Troubled Asset Relief Program (TARP) to prevent the company's collapse.- Bankruptcy Filing:
Despite the bailout, GM filed for Chapter 11 bankruptcy protection in June 2009, the largest industrial bankruptcy in history.- Stockholder Losses:
GM's common stock became worthless, and stockholders saw their investments wiped out as the company restructured.- New GM:
The new GM emerged from bankruptcy in 2009, with the government holding a significant stake in the company, which was later sold off.- Motors Liquidation Company:
The old GM's common stock became Motors Liquidation Company (MLCQ) stock, which traded on the over-the-counter market until the bankruptcy plan canceled the shares in 2011.
Yes, I didn't vote for Obama.Blackvegetable » 4 minutes ago » wrote: ↑ Yes...the last idiot for whom you cast two enthusiastic votes almost tanked the ENTIRE US auto industry...
Is there a point?
On which Article of your Faith am I pissing, Muffy?RebelGator » 14 minutes ago » wrote: ↑ BV is trying to portray it as a Democrat victory.....they're really grasping at straws these days for some kind of legitimacy.
Who was POTUS in 2008?
Lying *** traitor sez whut?Blackvegetable » 9 minutes ago » wrote: ↑ Yes...the last idiot for whom you cast two enthusiastic votes almost tanked the ENTIRE US auto industry...
Is there a point?
Still having memory issues?
Are you derailing your own GM thread?
You didn't answer the question...RebelGator » 2 minutes ago » wrote: ↑ Are you derailing your own GM thread?
What POTUS gave GM a $60 Billion bailout?
Answer a question one time in your pitiful life.
Cunnstance, you stupid ****.
Your question allotment has been exceeded, try again next year.
RebelGator » 1 minute ago » wrote: ↑ Your question allotment has been exceeded, try again next year.
So **** g'ddammned stupidAre you derailing your own GM thread? What POTUS gave GM a $60 Billion bailout? Answer a question one time in your pitiful life.
Hey Dickhead with TDSBlackvegetable » 55 minutes ago » wrote: ↑ https://www.cbsnews.com/detroit/news/ge ... ng-checks/
Hourly employees who worked 1,850 compensated hours will receive a full profit-sharing check of $14,500. This is the highest profit-sharing amount GM has ever paid hourly employees and the highest of Detroit's Big Three automakers.
Here' what Hole heard.....
https://www.foxbusiness.com/video/6369410763112
These people are so **** g'ddammned stupid
Naffy,nefarious101 » 3 minutes ago » wrote: ↑ Hey Dickhead with TDS
we are busy WINNING....
you are laying on the floor crying, kicking and screaming "Orange man bad"...for how many years now? what a wasted life
They should give that money back to the Treasury....freeloading is over now
in other news auto workers support Trump.
the unions didn't until Trumps tariffs changed their minds
No....as a matter of fact.nefarious101 » 2 minutes ago » wrote: ↑ That just the opinion of a dickhead....
Seems you're only able to convey a thought using "copy and paste"....
your political masters have stripped you of your ability to think for yourself...replacing your thoughts and opinions with theirs