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In those old days, the dealership was required to have a service center that would change the oil, restore belts, exhausts, carbeurators, and such units for you. Every week Automotive Information presents extensive coverage of automotive manufacturers, suppliers and retailers, with in-depth studies on design, production, marketing and all features of dealership gross sales and service operations.
GM was allowed to retain a $45 billion business-loss tax credit, carried forth from the “old” GM to the “New” GM – a practice unheard of in bankruptcy proceedings, primarily adding a $forty five billion “reward” to off-set tax liabilities of the new firm.