What is the General Motors employee buyout?

Answer Tough economic times, such as the financial crisis that started in 2008, bring the need for unusual measures. Employee buyouts have been one solution to bring GM back to better financial standing.D... Read More »

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What year did General Motors invent the air bag?

General Motors started to develop the air bag in the late 1950s but the company did not invent the airbag. The air bag was patented by John W. Hetrick in 1953. In 1973, GM introduced the Oldsmobile... Read More »

What company owns General Motors?

As of 2009, General Motors is 60 percent owned by the U.S. government. Another 10 percent of the company is held by bondholders, 17.5 percent by the United Auto Workers health fund, and 12.5 percen... Read More »

What is a General Motors Vortec engine?

The General Motors Vortec engine is a brand name for all GM engines in 2009. Displacement sizes range 2.2 liters to 8.1 liters. The engines have been in production since 1993.BackgroundEach Vortec ... Read More »

What year did General Motors invent airbags?

A team of engineers from General Motors developed the first viable airbags in 1973 and introduced the first car equipped with airbags, an Oldsmobile, that same year.Source:USA Today