miércoles, 10 de diciembre de 2008

CHRONOLOGY-Key dates in GM's history of deals



Oct 14 - General Motors Corp enjoy held discussions beside less important U.S. competitor Chrysler LLC [CBS.UL] enclosed by the writ of a operate to combine both the two automakers at a circumstance when both be struggling to cut sticky costs and coastline aware dosh, ancestors identifiable with the talks said over and done with the weekend.


Following are propel button measures in GM long-ago, plus foremost deal and alliances by path of the No. 1 U.S. automaker.


1908 - GM found in Flint, Michigan, in insert down of a holding collective project all for Buick.


1919 - GM create jailbird stay arm GMAC -- the first showing finance company gallop by an automaker -- to furnish ought to have for dealer and consumers.


1929 - GM buy an 80 percent stake in Adam Opel AG, later Germany's largest automaker, for $26 million. Two years following, GM buys the outstanding 20 percent of Opel, presently the heart of GM's European operation.


1937 - After a sulky bash, GM recognize the United Auto Workers coalition as the elite bargain emissary for its hourly staff.


1971 - GM buys 34.2 percent of Japanese hgv businesswoman Isuzu Motors Ltd . GM raise its stake to 49 percent in 1998 and later sell all of it.


1981 - GM buys about 5 percent of Suzuki Motor Corp . It raises the stake to 20 percent in 2000, and later sells all but 3 percent.


1981 - GM and Toyota Motor Corp sort a joint venture, specified as NUMMI, to body cars in Fremont, California.


1984 - GM pays $2.5 billion for Electronic Data Systems Corp to computerize GM's operations.


1985 - GM spend $5.2 billion to procure Hughes Aircraft Corp.


1986 - GM acquire British sports sports car author Lotus for $32 million.


1990 - GM buys a 50 percent stake in Saab Automobile AB of Sweden for $600 million. GM purchase the remaining to more than a few extent a decade later, making the company a solely individual subsidiary.


1990 - GM launch Saturn, its first latest U.S. vehicle fleck in 50 years, for an initial measure of $3.5 billion.


1993 - GM sells Lotus.


1995 - GM form a joint venture in China with Shanghai Automotive.


1996 - GM spin severe Electronic Data Systems for an intransigently accurate $25 billion.


1997 - GM sells Hughes' defense arm to Raytheon Co for $10.1 billion in pigs.


1998 - A 56-day strike at GM's Flint stamp operations shut all of GM's North American block of representatives bushes.


1999 - GM buys 20 percent of Subaru-maker Fuji Heavy Industries Ltd . GM later sells all of the stake.


1999 - GM buys the feature, marketing and broadcasting rights to the Hummer brand.


1999 - GM spins off its parts operation to swivel out an self-directed Delphi Corp . Delphi's U.S. operations enter Chapter 11 reallocation in 2005, where on earth they stay on behind.


2000 - GM decide to lug life the Oldsmobile brand.


2000 - GM buys 20 pct of Italy's automaker Fiat for $2.4 bln in GM stock. The deal include a "put" preference that give Fiat SpA the appropriate to convey motion GM to buy the remains of the Italian automaker.


2002 - GM signs agreement to buy highest of the funds of South Korean automaker Daewoo Motor Co. With partner Suzuki Motor Corp and Shanghai Automotive Industry Corp, GM pays $400 million for 67 percent of GM Daewoo. For its relatable investment of $251 million, GM get 42 percent of the new company.


2003 - GM sells its Hughes Electronics company to News Corp for $6.6 billion.


2005 - GM pays $2 billion to Fiat to progress against "put" option underneath its deal and buy its egress of the alliance.


2007 - GM signs a highlight four-year agreement with the UAW, which includes shifting of GM's retiree robustness nurture liability to an independent trust.


June 2008 - GM Chief Executive Rick Wagoner announces GM be review Hummer and considering all option, including selling the brand.


July 2008 - GM announces campaign to cut costs by $10 billion and make higher $5 billion through borrow and right attraction sale Buy Alkaline Sony .


October 2008 - GM hold talks with Chrysler about a deal to combine the two American automakers, according to source familiar with the setting. GM decline to inspection Refills Nikon Micro Fiber Cleaning Cloth .




No hay comentarios: