![]() | This article needs to be updated. The reason given is: relating to Cadillac-HUMMER dealerships, control of the dealership after 2009, the Empowerment Zone bonds, and the involvement of the related Potamkin dealership organization.(August 2009) |
Company type | Subsidiary |
---|---|
Industry | Automotive |
Founded | 2006 |
Defunct | 2011 |
Fate | Filed for Chapter 11 bankruptcy, closed after the GM reorganization |
Headquarters | , U.S. |
Area served | New York metropolitan area |
Products | Automobiles |
Brands | Chevrolet Saturn |
Parent | General Motors |
Chevrolet-Saturn of Harlem, Inc., [1] was a car dealership in the East Harlem neighborhood in New York City. Originally touted as a minority-owned dealership and part of the only new-car facility in Harlem, it was abandoned by its original operator within months and was taken over by General Motors directly. On June 1, 2009, it was used as the lead company in the General Motors Chapter 11 reorganization filing in New York.
The Harlem auto mall opened in February 2006 but had its ceremonial opening on June 2, 2006. [2] Located between 2nd and 3rd Avenues at 127th Street in East Harlem, it was the largest dealership complex in Manhattan, the only new-vehicle dealerships north of 57th Street, and the first new-vehicle dealerships in Harlem in 40 years. Run by Otis Thornton, a black man and Buick dealer in East Brunswick, New Jersey, the Chevy and Saturn dealership in the Mall received attention for being a large, new minority-owned business: the opening was attended by Jesse Jackson, New York mayor Michael Bloomberg, General Motors chairman and CEO Rick Wagoner, New York City Economic Development Corporation president Andrew Alper, and New York City Department of Transportation commissioner Iris Weinshall. [3] [4] [5]
The dealership was funded with $60,000,000 in private investment and $17,000,000 in tax-exempt empowerment zone bonds from the NYCEDC's New York City Industrial Development Agency, used city-owned land leased through the adjacent car dealer in the Harlem Auto Mall, and was advertised by the city government as "bringing 150 new jobs to Harlem to date with expected growth up to 200 jobs". [5]
However, Otis Thornton quit in December 2006, and General Motors took direct control of the company, planning to maintain it until another owner could be found. [3] [6]
On June 1, 2009, Chevrolet-Saturn of Harlem was the first GM company to file Chapter 11 bankruptcy, in order for the United States Bankruptcy Court for the Southern District of New York to obtain jurisdiction over the entire General Motors Chapter 11 reorganization. [6] General Motors Corporation and its other subsidiaries filed in the same court moments later. The same morning, despite the filings, a man at the dealership told the media he was the dealership's "owner" but refused to identify himself or comment on the bankruptcy. [6]
General Motors closed the dealership in January 2011. By 2018, The Potamkin family announced it will sell the 765,000 square feet in East Harlem. [7]
General Motors Company (GM) is an American multinational automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing four automobile brands: Chevrolet, Buick, GMC, and Cadillac, each a separate division of GM. By total sales, it has continuously been the largest automaker in the United States, and was the largest in the world for 77 years before losing the top spot to Toyota in 2008.
The Saturn Corporation, also known as Saturn LLC, was an American automobile manufacturer, a registered trademark established on January 7, 1985, as a subsidiary of General Motors. The company was an attempt by GM to compete directly with Japanese imports and transplants, initially in the US compact car market. The company was known for its 'no-haggle' sales technique.
GM Korea Company is the South Korean subsidiary of multinational corporation General Motors and the third largest automobile manufacturer in South Korea. GM Korea's roots go back to the former Daewoo Motors vehicle brand, which was split from its parent company, Daewoo, in 2002. In addition to importing vehicles for sale into South Korea, the company also operates three manufacturing facilities producing vehicles for the domestic market and for export. The company also operates GM Technical Center Korea, a design, engineering, research & development facility for various GM products, primarily small-size cars.
GM Korea Company is the South Korean subsidiary of multinational corporation General Motors and the third largest automobile manufacturer in South Korea. GM Korea's roots go back to the former Daewoo Motors vehicle brand, which was split from its parent company, Daewoo, in 2002. In addition to importing vehicles for sale into South Korea, the company also operates three manufacturing facilities producing vehicles for the domestic market and for export. The company also operates GM Technical Center Korea, a design, engineering, research & development facility for various GM products, primarily small-size cars.
Robert Anthony Lutz is a Swiss-American automotive executive. He served as a top leader of all of the United States Big Three automobile manufacturers, having been in succession executive vice president of Ford Motor Company, president and then vice chairman of Chrysler Corporation, and vice chairman of General Motors.
George Richard "Rick" Wagoner Jr. is an American businessman and former chair and chief executive officer of General Motors. Wagoner resigned as chairman and CEO at General Motors on March 29, 2009, at the request of the White House. The latter part of Wagoner's tenure as CEO of General Motors found him under heavy criticism as the market valuation of GM went down by more than 90% and the company lost more than US$82 billion. He is a board member of ChargePoint, an electric vehicle infrastructure company.
Janesville Assembly Plant was a former automobile factory owned by General Motors located in Janesville, Wisconsin. Opened in 1919, it was the oldest operating GM plant when it was largely idled in December 2008, and ceased all remaining production on April 23, 2009. The demolition of the plant was completed in 2019.
The Opel Antara is a compact crossover SUV which was marketed by Opel from 2006 to 2015. Based on the Theta platform, the Antara closely shared its underpinnings and powertrains with the Chevrolet Captiva. Unlike the Captiva, it is only offered with five seats instead of seven, and features a different exterior and interior design. Sales commenced in November 2006, as the indirect successor to the Isuzu-based Frontera range.
General Motors of Canada Company, commonly known as GM Canada, is the Canadian subsidiary of US-based company General Motors. It is headquartered in Oshawa, Ontario, Canada.
Wilmington Assembly was a General Motors automobile factory in Wilmington, Delaware. The 3,200,000-square-foot (300,000 m2) factory opened in 1947, and produced cars for GM's Chevrolet, Pontiac, Saturn, Opel, Buick and Daewoo brands during its operation. GM closed the plant on July 28, 2009.
General Motors Europe was the European subsidiary of the American automaker General Motors ("GM"). The subsidiary was established by GM in 1986 and operated 14 production and assembly facilities in 9 countries, and employed around 54,500 people. GM's core European brands were Vauxhall and Opel, which both sell much the same range of cars in different markets. GM also owned the Swedish brand Saab until early 2010 and sold Chevrolet models between 2005 and 2015. The U.S. brand Cadillac is imported into Europe in small quantities. In 2009, General Motors (GM) announced to move its European headquarters from Zürich, Switzerland to Rüsselsheim, Germany to strengthen its German subsidiary Opel.
Sonic Automotive is a Fortune 500 company based in Charlotte, North Carolina, and is the fifth largest automotive retailer in the United States as measured by total revenues. The company was founded by O Bruton Smith and completed its initial public offering on the NYSE in 1997.
The Chevrolet Volt is a plug-in hybrid and extended-range electric vehicle car that was manufactured by General Motors, and also marketed in rebadged variants as the Holden Volt in Australia and New Zealand and the Buick Velite 5 in China, and with a different fascia as the Vauxhall Ampera in the United Kingdom and as the Opel Ampera in the remainder of Europe. Volt production ended in February 2019.
The history of General Motors (GM), one of the world's largest car and truck manufacturers, dates back more than a century and involves a vast scope of industrial activity around the world, mostly focused on motorized transportation and the engineering and manufacturing that make it possible. Founded in 1908 as a holding company in Flint, Michigan, as of 2012 it employed approximately 209,000 people around the world. With global headquarters at the Renaissance Center in Detroit, Michigan, United States, General Motors manufactures cars and trucks in 35 countries. In 2008, 8.35 million GM cars and trucks were sold globally under various brands. Current auto brands are Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling. Former GM automotive brands include LaSalle, McLaughlin, Oakland, Oldsmobile, Opel, Pontiac, Hummer, Saab, Saturn, Vauxhall, Daewoo, and Holden.
The Cadillac ELR is a two-door, four-passenger luxury plug-in hybrid compact coupé manufactured and marketed by Cadillac for model years (MY) 2014 and 2016 – with a hiatus for MY 2015. Using a retuned version of the Chevrolet Volt's Voltec EREV drivetrain, the ELR's lithium-ion battery pack delivered an all-electric range of 37–39 miles (60–63 km) and a top speed of 106 mph (171 km/h).
Beginning in the latter half of 2008, a global-scale recession adversely affected the economy of the United States. A combination of several years of declining automobile sales and scarce availability of credit led to a more widespread crisis in the United States auto industry in the years of 2008 and 2009.
The 2009 General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through Chapter 11, Title 11, United States Code in the United States bankruptcy court for the Southern District of New York. The United States government-endorsed sale enabled the NGMCO Inc. to purchase the continuing operational assets of the old GM. Normal operations, including employee compensation, warranties, and other customer services were uninterrupted during the bankruptcy proceedings. Operations outside of the United States were not included in the court filing.
Motors Liquidation Company (MLC), formerly General Motors Corporation, was the company left to settle past liability claims from Chapter 11 reorganization of American car manufacturer General Motors. It exited bankruptcy on March 31, 2011, only to be carved into four trusts; the first to settle the claims of unsecured creditors, the second to handle environmental response for MLC's remaining assets, a third to handle present and future asbestos-related claims, and a fourth for litigation claims.
In 1926 A.A (Andy) Murray began to sell Star, Essex and Hudson cars from his agricultural implements business in Souris, Manitoba. By 1934 Andy had expanded his operation to include the General Motors line, which was to become one of the world’s largest automobile manufacturers. Over the decades the business has continued to grow and has now evolved into a group that consists of 30 Canadian dealerships from coast to coast. Today, The Murray Automotive Group has over 1,500 employees and sells nearly 15,000 vehicles each year. Claire’s sons, Doug, Paul, Dan and Chris are 3rd generation Murray’s in the business. The automotive group continues to expand into the 4th generation with Andrew Bienvenu set to become part of the group via marriage.
Victor Potamkin was an American businessman and car dealership owner known for deep discounting and aggressive advertising.