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0Report: Trust says Old GM shorted property cleanup funds by $13.5M 1322585880
A special trust called RACER was created last year to clean up 89 contaminated sites left behind by the old General Motors in 14 states. According to a report in the Detroit Free Press, GM was meant to provide $625.2 million (an earlier report in the Detroit News indicated $773 million) to pay for ...
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Report: Report: Old GM coughs up $2.8M to 12 states for mercury claims 1309712460
Parts containing mercury were used for items like anti-lock brakes sensors and hood light switches until 2004. The following year, an umbrella organization called End of Life Vehicle Solutions (ELVS) began retrieving the mercury switches from junked cars, its activities paid for by contributions ...
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'Old GM' to reportedly set aside $773M for environmental cleanup plan 1287766680
The U.S. Government and old General Motors have reached an agreement that may make some of the company's former properties more appetizing to buyers. The estate of the bankrupt GM has agreed to set up a $773 million trust dedicated to cleaning up 89 of the company's former properties. Around ...
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At Witz' End - A sneak peak at the "new GM's" critically important product future 1250553300
It was probably mid-1980, soon after the federal government agreed to guarantee massive loans to financially struggling Chrysler Corp., when then-Chrysler Chairman Lee Iacocca invited groups of auto media and analysts to its styling center for an off-the-record preview of what was coming two, ...
