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In preparation for privatisation, the company was split into GM Buses North and GM Buses South on 31 December 1993. Both companies were sold to their managements on 31 March 1994, and sold on to major groups in 1996: GM Buses South to Stagecoach in February, GM Buses North to FirstBus in March.
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Banks sued over conditions at GM's components plant in Lockport, New York, where she began working in 1996. She said she and other Black employees were called racial slurs, including one ...
Morgan Stanley [4] is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City.With offices in 41 countries and more than 75,000 employees, the firm's clients include corporations, governments, institutions, and individuals. [2]
In 2002, the joint venture SAIC-GM-Wuling was formed, with SAIC taking 50.1% of the shares, GM 34%, and Wuling Group (later became Guangxi Auto) 15.9%. [10] Wuling transferred the production of microvans and small trucks to the new company. Since at least 2008, GM sought to increase its ownership achieving this aim c. 2011. [11]
With access to financing via GMAC, from 1980 McNamara applied for a series of loans to buy non-GM vans, valued at US$25,000 each, [4] which he said would be customized, before being pre-sold and shipped to the Mediterranean island country of Cyprus.
GM continued with tie-ups with Hindustan Motors to build Bedford trucks, Vauxhall cars, Allison Transmissions and off-road equipment. In 1994, GMIPL was formed as a joint venture, owned 50 percent by Hindustan Motors and 50 percent by General Motors, to produce and sell Opel branded vehicles. GM bought out the Hindustan Motors interest in 1999.
Fremont Assembly was a General Motors automobile factory in Fremont, California, in the San Francisco area, replacing the older Oakland Assembly.Groundbreaking for the plant occurred in September 1961, and the plant produced its first vehicle on May 1, 1963.