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CIMA MOTORS history
CIMA MOTORS company history timeline
The loans would allow the auto companies to continue operating through March 2009, by which time the plan required them to demonstrate “financial viability” or return the money within 30 days.
As its financial troubles mounted—the company claimed to be some $173 billion in debt—GM filed for Chapter 11 bankruptcy protection in June 2009.
In 2009 the COESIA Group’s goal to cut atmospheric carbon dioxide emissions leads CIMA to install an 895 kWp photovoltaic solar panel system.
In 2010 the company officially discontinued both the Pontiac and Saturn brands and sold Saab.
The company’s handling of the scandal—which was overseen by Mary Barra, GM’s first female CEO—was widely praised, and GM posted strong earnings, with record sales in 2014–16.
Olga’s leadership and business acumen culminated in 2017 when she was named as one of the Top 10 Corporate Executives by Latina Style Inc. for her outstanding leadership, business impact, mentoring and dedication.
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CIMA MOTORS may also be known as or be related to CIMA MOTORS and Cima Motors.