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87-637: The passenger locomotives derivatives of the General Motors EMD GP40 diesel-electric locomotive have been, and continue to be, used by multiple passenger railroads in North America. For passenger service, the locomotives required extra components for providing steam or head-end power (HEP) for heating, lighting and electricity in passenger cars. Most of these passenger locomotives were rebuilt from older freight locomotives, while some were built as brand new models. The GMD GP40TC

174-529: A 15% stake in AeroVironment . In 1989, GM acquired half of Saab Automobile 's car operations for $ 600 million. In August 1990, Robert Stempel became CEO of the company, succeeding Roger Smith . GM cut output significantly and suffered losses that year due to the early 1990s recession . In 1990, GM debuted the General Motors EV1 (Impact) concept, a battery electric vehicle , at

261-530: A British producer of high-performance sports cars . In 1987, in conjunction with AeroVironment , GM built the Sunraycer , which won the inaugural World Solar Challenge and was a showcase of advanced technology. Much of the technology from Sunraycer found its way into the Impact prototype electric vehicle (also built by Aerovironment) and was the predecessor to the General Motors EV1 . In 1988, GM acquired

348-510: A breakthrough in heat treating still in use today as ASTM A255. GM established Detroit Diesel the next year. In 1939, the company founded Motors Insurance Corporation and entered the vehicle insurance market. The same year, GM introduced the Hydramatic , the first affordable and successful automatic transmission , for the 1940 Oldsmobile. During World War II , GM produced vast quantities of armaments, vehicles, and aircraft for

435-482: A continuation of its diversification plans, GMAC formed GMAC Mortgage and acquired Colonial Mortgage as well as the servicing arm of Norwest Mortgage in 1985. This acquisition included an $ 11 billion mortgage portfolio. The same year, GM acquired the Hughes Aircraft Company for $ 5 billion in cash and stock and merged it into Delco Electronics . The following year, GM acquired 59.7% of Lotus Cars ,

522-957: A controlling interest in North American Aviation and merged it with the General Aviation Manufacturing Corporation . The GM labor force participated in the formation of the United Auto Workers labor union in 1935, and in 1936 the UAW organized the Flint Sit-Down Strike , which initially idled two key plants in Flint, Michigan, and later spread to 6 other plants including those in Janesville, Wisconsin and Fort Wayne, Indiana . In Flint, police attempted to enter

609-530: A decade arguing a merger with regulators, was stumbling towards another stunning bankruptcy, as was the Milwaukee Road , the nation's most technologically advanced transcontinental . In 1972, the damage from Hurricane Agnes destroyed important Penn Central branches and main lines, and pushed the other northeastern roads into bankruptcy. By the mid-1970s, no major player east of Rochester - Pittsburgh , north of Pittsburgh- Philadelphia , and southwest of

696-893: A heritage scheme based on that of the CNJ GP40P. In October 2022, NJ Transit unveiled locomotive 4101 painted in a heritage NJDOT scheme. In October 2023, GP40PH-2B 4210 was repainted into the Erie Railroad black-and-yellow scheme. In October 2024, locomotive 4208 was unveiled in Conrail's "can opener" scheme. In the late 1980s, Morrison-Knudsen rebuilt six GP40s into 12-cylinder GP39s for MARC . They were downgraded from 3,000 horsepower (2,200 kW) to 2,300 horsepower (1,700 kW), and re-equipped with 4-stroke Cummins HEP generators. As of 2023, and all were rebuilt as GP39PH-3Cs, and they continue to be used by MARC for smaller train sets and work train duty. In 1993, Morrison-Knudsen

783-524: A namesake defense vehicles division which produces military vehicles for the United States government and military, the vehicle safety, security, and information services provider OnStar , the auto parts company ACDelco , a namesake financial lending service , and majority ownership in the self-driving cars enterprise Cruise LLC . The company originated as a holding company for Buick established on September 16, 1908, by William C. Durant ,

870-542: A program to develop a lightweight two-stroke diesel engine for possible usage in automobiles. Soon after, GM acquired Electro-Motive Company and the Winton Engine Co. , and in 1941, it expanded EMC's realm to locomotive engine manufacturing. In 1932, GM acquired Packard Electric (not to be confused with the Packard car company, which merged with Studebaker years later). The following year, GM acquired

957-704: A separate head-end power (HEP) generator. Between 2017 and 2018, the GP40-2H locomotives received an overhaul performed by National Railway Equipment and were reclassified as GP40-3H. They were subsequently transferred to the newly established Hartford Line service, where they remain in service as of June 2018. In 2022, the remaining Shore Line East equipment was moved into service on the Hartford Line after CTDOT introduced M8 electric multiple units to operate on Shore Line East service. The Massachusetts Bay Transportation Authority currently owns and operates

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1044-542: A set of 25 GP40 passenger diesels known as GP40MCs, used on the MBTA Commuter Rail system. They were originally built by General Motors Diesel as GP40-2LWs for Canadian National in 1973–75. In 1997–98, these units were extensively rebuilt by AMF. Although they have been principally used on the lines from North Station , these locomotives can also be seen commonly on the South Station lines. Currently,

1131-422: A strategy by CEO Roger Smith to derive at least 10% of its annual worldwide revenue from non-automotive sources. GM also intended to have EDS handle its bookkeeping, help computerize factories, and integrate GM's computer systems. The transaction made Ross Perot the largest shareholder of GM; however, disagreements with Roger Smith led the company to buy all shares held by Ross Perot for $ 750 million in 1986. In

1218-463: A substantial profit (although the NYC came much closer). In 1957, the two proposed a merger, despite severe organizational and regulatory hurdles. Neither railroad had much respect for its merger partner; the lines had fought bitterly over New York-Chicago custom and ill-will remained in the executive suites. Amongst middle management , the company's corporate cultures all but precluded integration:

1305-531: A team of young, flexible managers had begun reshaping the NYC from a traditional railroad into a multimodal express-freight transporter, while the PRR continued to bet on a railroad revival. At a technical level, the two companies served independent markets east of Cleveland (running through their namesake states), but virtually identical trackage west of Cleveland meant any merger would have anticompetitive effect. For decades, merger proposals had tried to balance

1392-432: A viable railroad. Then, on April 1, 1976, Penn Central transferred those rail operations to the government-owned Consolidated Rail Corporation ( Conrail ). Facing the continued loss of market share to the trucking industry, the railroad industry and its unions asked the federal government for deregulation . The 1980 Staggers Act , which deregulated the railroad industry, proved to be a key factor in bringing Conrail and

1479-569: Is most known for owning and manufacturing four automobile brands: Chevrolet , Buick , GMC , and Cadillac . 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. General Motors operates manufacturing plants in eight countries. In addition to its four core brands, GM also holds interests in Chinese brands Baojun and Wuling via SAIC-GM-Wuling Automobile . GM further owns

1566-625: The Fortune 500 and 50th on the Fortune Global 500 . In 2023, the company was ranked 70th in the Forbes Global 2000 . In 2021, GM announced its intent to end production of vehicles using internal combustion engines by 2035, as part of its plan to achieve carbon neutrality by 2040. By 1900, William C. Durant 's Durant-Dort Carriage Company of Flint, Michigan , had become the largest manufacturer of horse-drawn vehicles in

1653-502: The 2-mode hybrid system in the Chevrolet Tahoe , GMC Yukon , Cadillac Escalade , and pickup trucks . Penn Central Transportation The Penn Central railroad system developed in response to challenges facing northeastern American railroads during the late 1960s. While railroads elsewhere in North America drew revenues from long-distance shipments of commodities such as coal, lumber, paper and iron ore , railroads in

1740-848: The Allies of World War II . In 1940, GM's William S. Knudsen served as head of U.S. wartime production for President Franklin Roosevelt , and by 1942, all of GM's production was to support the war. GM's Vauxhall Motors manufactured the Churchill tank series for the Allies, instrumental in the North African campaign . However, its Opel division, based in Germany, supplied the Wehrmacht with vehicles. Politically, Sloan, as head of GM at

1827-522: The Cadillac V8-6-4 variable-cylinder engines. GM sold Frigidaire in 1979. Although Frigidaire had between $ 450 million and $ 500 million in annual revenues, it was losing money. Robert Lee of GM invented the neodymium magnet , which was fabricated by rapid solidification, in 1984. This magnet is commonly used in products like a computer hard disk. The same year, GM acquired Electronic Data Systems for $ 2.5 billion from Ross Perot as part of

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1914-685: The Central Railroad of New Jersey (CNJ) and paid for by the New Jersey Department of Transportation (NJDOT). The CNJ put the units in service on the Raritan Valley Line and the North Jersey Coast Line . The CNJ's passenger operations were transferred to NJDOT in 1976 (with Conrail operating them under contract), and in 1983 New Jersey Transit assumed operating passenger rail service in

2001-841: The Erie Lackawanna Railway (EL) in 1960, the Chesapeake & Ohio Railway (C&O) acquired control of the Baltimore & Ohio (B&O) in 1963, and the Norfolk & Western Railway (N&W) absorbed several railroads, including the Nickel Plate and the Wabash, in 1964. Regulators also required the new company to incorporate the bankrupt New York, New Haven & Hartford Railroad (NH) and New York, Susquehanna & Western Railway (NYS&W); if neither

2088-520: The General Motors Acceptance Corporation (GMAC), which provides financing to automotive customers, was formed. In 1920, du Pont orchestrated the removal of Durant once again and replaced him with Alfred P. Sloan . At a time when GM was competing heavily with Ford Motor Company , Sloan established annual model changes, making previous years' models "dated" and created a market for used cars . He also implemented

2175-682: The LA Auto Show . It was the first car with zero emissions marketed in the US in over three decades. The Impact was produced as the EV1 for the 1996 model year and was available only via lease from certain dealers in California and Arizona. In 1999–2002, GM ceased production of the vehicles and started to not renew the leases, disappointing many people, allegedly because the program would not be profitable and would cannibalize its existing business. All of

2262-567: The Rapid Motor Vehicle Company of Pontiac, Michigan , and the Reliance Motor Car Company of Detroit, Michigan (predecessors of GMC ) in 1909. Durant, with the board's approval, also tried acquiring Ford Motor Company , but needed an additional $ 2 million. Durant over- leveraged GM in making acquisitions, and was removed by the board of directors in 1910 at the order of the bankers who backed

2349-636: The Union Pacific Railroad and the remaining one sold to the Indiana Harbor Belt Railroad . In 1987, New Jersey Transit and Metro-North ordered a set of GP40 locomotives called GP40FH-2s, which were completed by Morrison Knudsen between 1987 and 1990. These locomotives combine the standard cab and frame of a GP40 with the cowl from an ex- Burlington Northern F45 locomotive. A total of 21 units of this type were built; 15 were delivered to New Jersey Transit, and

2436-765: The Yellow Cab Manufacturing Company the same year, and its president, John D. Hertz , joined the board of directors of GM; it acquired the remainder of the company in 1943. In 1926, the company introduced the Pontiac brand and established the General Motors Group Insurance Program to provide life insurance to its employees. The following year, after the success of the 1927 model of the Cadillac LaSalle designed by Harley Earl , Sloan created

2523-472: The corporate spin-off of Electronic Data Systems . In 1997, GM sold the military businesses of Hughes Aircraft Company to Raytheon Company for $ 9.5 billion in stock and the assumption of debt. In February 2000, Rick Wagoner was named CEO, succeeding Smith. The next month, GM gave 5.1% of its common stock, worth $ 2.4 billion, to acquire a 20% share of Fiat . In December 2000, GM announced that it would begin phasing out Oldsmobile . The brand

2610-537: The "Art and Color Section" of GM and named Earl as its first director. Earl was the first design executive to be appointed to leadership at a major American corporation. Earl created a system of automobile design that is still practiced today. At the age of 24, Bill Mitchell was recruited by Earl to the design team at GM, and he was later appointed as Chief Designer of Cadillac. After Earl retired in December 1958, Mitchell took over automotive design for GM. Also in 1926

2697-599: The 156 miles (251 km) of rail used by the Hudson and Harlem Lines , and Grand Central Terminal, as well as unused development rights above the tracks in Midtown Manhattan . The platforms and yards extend for several blocks north of the terminal building under numerous streets and existing buildings leasing air rights, including the MetLife Building and Waldorf-Astoria Hotel . In November 2018,

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2784-588: The EV1s were eventually returned to General Motors, and except for around 40 which were donated to museums with their electric powertrains deactivated, all were destroyed. The documentary film Who Killed the Electric Car? covered the EV1 story. In November 1992, John F. Smith Jr. became CEO of the company. In 1993, GM sold Lotus Cars to Bugatti . In 1996, in a return to its automotive basics, GM completed

2871-726: The GP40MCs are undergoing an overhaul by the Norfolk Southern Railway, which includes repair and modification to the major propulsion systems and the HEP generators. Other passenger locomotives based on the GP40 locomotive include the following: General Motors General Motors Company ( GM ) is an American multinational automotive manufacturing company headquartered in Detroit , Michigan, United States. The company

2958-759: The MBTA in 2011 until 2012, and one unit was sent to CSX Transportation for use on their track geometry train . The remaining units have been rebuilt by MotivePower into MP32PH-Q locomotives for use on SunRail or sold to various leasing firms. In 1996, AMF Technotransport rebuilt six freight locomotives into passenger locomotives for the Connecticut Department of Transportation for use on Shore Line East service. The locomotives, designated GP40-2H, were rebuilt from ex- CSX Transportation EMD GP38s and EMD GP40s . The rebuild included an EMD 645 prime mover, producing 3,000 hp (2,200 kW), and

3045-587: The MTA proposed purchasing the Hudson and Harlem Lines as well as the Grand Central Terminal for up to $ 35.065 million, plus a discount rate of 6.25%. The purchase would include all inventory, operations, improvements, and maintenance associated with each asset, except for the air rights over Grand Central. The MTA's finance committee approved the proposed purchase on November 13, 2018, and the purchase

3132-585: The Maine-New Hampshire border remained solvent. Under the auspices of the U.S. Department of Transportation (U.S. DOT), Penn Central agreed to trial new technologies to revive the flagging passenger services on what would become the Northeast Corridor . PC continued to operate the PRR's Metroliner service between New York City and DC , and introduced a new United Aircraft TurboTrain between New York City and Boston . But

3219-749: The Midwest. Derailments and wrecks occurred regularly; when the trains avoided mishap, they operated far below design speed , resulting in delayed shipments and excessive overtime. Operating costs soared, and shippers soured on the products. In 1969, most of Maine's potato production rotted in the PC's Selkirk Yard , hurting the Bangor & Aroostook Railroad , whose shippers vowed never to ship by rail again. Although both PRR and NYC had been profitable pre-merger, Penn Central was — at one point — losing $ 1 million per day. As PC's management struggled to wrestle

3306-719: The N&;W and C&O would buy the Lehigh Valley Railroad (LV), then that railroad should be incorporated as well. Ultimately, only the New Haven successfully joined the Penn Central; the conglomerate failed before it could incorporate the latter two. The only railroad leaving the Penn Central was the PRR's controlling interest in the N&W, whose dividends had generated much of the PRR's premerger profitability. The legal merger (formally, an acquisition of

3393-470: The NYC by the PRR) concluded on February 1, 1968. The Pennsylvania Railroad, the nominal survivor of the merger, changed its name to Pennsylvania New York Central Transportation Company, and soon began using "Penn Central" as a trade name. That trade name became official a month later on May 8, 1968. Saunders later commented: "Because of the many years it took to consummate the merger, the morale of both railroads

3480-421: The PC in large measure). George Drury described the bankruptcy as "a cataclysmic event, both to the railroad industry and to the nation's business community," not least because Penn Central increasingly appeared the proverbial canary in the coal mine . Across the nation, railroads discontinued Penn Central's core business (passenger trains) as fast as regulators would let them. The Rock Island , midway through

3567-583: The Penn Central Company. The first Penn Central Transportation Company (PCTC) was incorporated on April 1, 1969, and its stock was assigned to a new holding company called Penn Central Holding Company. On October 1, 1969, the Penn Central Company, the former Pennsylvania Railroad, absorbed the first PCTC and was renamed the second Penn Central Transportation Company the next day; the Penn Central Holding Company became

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3654-684: The United States. Durant was averse to automobiles, but fellow Flint businessman James H. Whiting , owner of Flint Wagon Works , sold him the Buick Motor Company in 1904. Durant formed the General Motors Company in 1908 as a holding company , borrowing a naming convention from General Electric . GM's first acquisition was Buick , which Durant already owned, then Olds Motor Works on November 12, 1908. Under Durant, GM went on to acquire Cadillac , Elmore , Welch , Cartercar , Oakland (the predecessor of Pontiac ),

3741-452: The company acquired Fisher Body , its supplier of automobile bodies. GM acquired Allison Engine Company and began developing a 1,000 horsepower liquid-cooled aircraft engine in 1929. The same year, GM acquired 80% of Opel , which at that time had a 37.5% market share in Europe, for $ 26 million. It acquired the remaining 20% in 1931. In the late-1920s, Charles Kettering embarked on

3828-480: The company in 1915 after a disagreement with Durant. GM was reincorporated in Detroit in 1916 as General Motors Corporation and became a public company via an initial public offering . By 1917, Chevrolet had become successful enough that Durant, with the backing of Samuel McLaughlin and Pierre S. du Pont , reacquired a controlling interest in GM. The same year, GM acquired Samson Tractor . Chevrolet Motor Company

3915-601: The company into submission, the structural headwinds facing all northeastern railroads continued unabated. The industrial decline of the Rust Belt consumed shippers through the Northeast and Midwest . Penn Central's executives tried to diversify the troubled firm into real estate and other non-railroad ventures, but in a slow economy these businesses performed little better than the original railroad assets. Worse, these new subsidiaries diverted management attention away from

4002-484: The company operated as an independent, private-sector railroad from 1987 to 1999. The Pennsylvania Railroad absorbed the New York Central Railroad on February 1, 1968, and at the same time changed its name to Pennsylvania New York Central Transportation Company to reflect this. The trade name of "Penn Central" was adopted, and, on May 8, the former Pennsylvania Railroad was officially renamed

4089-490: The company owned when Conrail was created were the Buckeye Pipeline and a 24 percent stake in Madison Square Garden (which stands above Penn Station) and its prime tenants, the New York Knicks basketball team and New York Rangers hockey team, along with Six Flags Theme Parks. Though the company retained ownership of some rights-of-way and station properties connected with the railroads, it continued to liquidate these and eventually concentrated on one of its subsidiaries in

4176-416: The company. In the Regional Rail Reorganization Act of 1973, the federal government nationalized Penn Central to save it. For two years, the United States Railway Association sorted through the assets of PC (and six other bankrupt railroads: EL, LV, Reading , Lehigh & Hudson River Railway , Central Railroad of New Jersey and Pennsylvania-Reading Seashore Lines ) to decide what could be reshaped into

4263-424: The competitors instead, joining them with lesser partners end-to-end. The unexpected NYC+PRR proposal required all the northeastern railroads to reconsider their corporate strategy, clouding the waters for the ICC. The resulting negotiations took nearly a decade, and when the PRR and NYC merged, they faced three competitors of comparable size: the Erie had merged with the Delaware, Lackawanna & Western to create

4350-402: The densely-populated northeast traditionally depended on a heterogeneous mix of services, including: These labor-intensive, short-haul services proved vulnerable to competition from automobiles, buses, and trucks , a threat recently invigorated by the new limited-access highways authorized in the Federal-Aid Highway Act of 1956 . At the same time, contemporary railroad regulation restricted

4437-540: The diesel-hybrid market, the Opel Astra diesel engine hybrid concept vehicle was rolled out in January 2005. Later that year, GM sold its Electro-Motive Diesel locomotive division to private equity firms Berkshire Partners and Greenbriar Equity Group. GM paid $ 2 billion to sever its ties with Fiat in 2005, severing ties with the company due to an increasingly contentious dispute. GM began adding its " Mark of Excellence " emblem on all new vehicles produced and sold in North America in mid-2005. However, after

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4524-614: The extent to which U.S. railroads could react to the new market conditions. Changes to passenger fares and freight shipment rates required approval from the capricious Interstate Commerce Commission (ICC), as did mergers or abandonment of lines. Merger, which eliminated duplicative back office employees, seemed an escape. The situation was particularly acute for the Pennsylvania (PRR) and New York Central (NYC) railroads. Both had extensive physical plants dedicated to their passenger custom. As that revenue stream faded following WWII , neither could slim their assets fast enough to earn

4611-482: The first hydrogen fuel cell car ever produced. Though fuel cells have existed since the early 1800s, General Motors was the first to use a fuel cell, supplied by Union Carbide , to power the wheels of a vehicle with a budget of "millions of dollars". In the 1960s, GM was an early proponent of V6 engines , but quickly lost interest as the popularity of muscle cars increased. GM demonstrated gas turbine vehicles powered by kerosene , an area of interest throughout

4698-497: The gasoline was harmful to various biological organisms including humans. Evidence shows that corporate executives understood the health implications of tetraethyllead from the beginning. As an engineer for GM, Midgley also developed chlorofluorocarbons , which have now been banned due to their contribution to climate change . Under the encouragement of GM President Alfred P. Sloan Jr., GM acquired Vauxhall Motors for $ 2.5 million in 1925. The company also acquired an interest in

4785-404: The history of the often-scorned company. As part of Norfolk Southern Railway 's 30th anniversary, the railroad painted 20 new locomotives utilizing former liveries of predecessor railroads. Unit number 1073, a SD70ACe, is painted in a Penn Central Heritage scheme. As part of the 40th anniversary of the Metro-North Railroad , four locomotives were painted in a different heritage scheme to honor

4872-415: The industry, but abandoned the alternative engine configuration due to the 1973 oil crisis . In partnership with Boeing , GM's Delco Defense Electronics Division designed the Lunar Roving Vehicle , which traversed the surface of the Moon, in 1971. The following year, GM produced the first rear wheel anti-lock braking system for two models: the Toronado and Eldorado. In 1973, the Oldsmobile Toronado

4959-450: The insurance business. The former Pennsylvania Railroad changed its name to American Premier Underwriters in March 1994. It became part of Carl Lindner 's Cincinnati financial empire American Financial Group . Until late 2006, American Financial Group still owned Grand Central Terminal , though all railroad operations were managed by the Metropolitan Transportation Authority (MTA). The U.S. Surface Transportation Board approved

5046-527: The largest seller of horse-drawn vehicles at the time. The first half of the 20th century saw the company grow into an automotive behemoth through acquisitions; going into the second half, the company pursued innovation and new offerings to consumers as well as collaborations with NASA to develop the earliest electric vehicles . The current entity was established in 2009 after the General Motors Chapter 11 reorganization . As of 2024 , General Motors ranks 25th by total revenue out of all American companies on

5133-459: The loans to keep GM in business. The action of the bankers was partially influenced by the Panic of 1910–1911 that followed the earlier enforcement of the Sherman Antitrust Act of 1890 . In 1911, Charles F. Kettering of Dayton Engineering Laboratories Company (DELCO) and Henry M. Leland invented and patented the first electric starter in America. In November 1911, Durant co-founded Chevrolet with race car driver Louis Chevrolet , who left

5220-470: The new corporation's management. As ex-PRR managers began to secure the plum jobs, the forward-thinking ex-NYC managers departed for greener pastures. Clashing union contracts prevented the company's left hand from talking to its right, and incompatible computer systems meant that PC classification clerks regularly lost track of train movements. Subpar track conditions, the result of years of deferred maintenance , deteriorated further, particularly in

5307-440: The new equipment proved useless without high-quality track to run it on, or a railroad capable of releasing schedules to the ticket-seeking public. In response, the Nixon administration developed Amtrak , which relieved any railroad that desired it of the obligation to operate passenger service. PC unsuccessfully attempted to sell-off the air rights to Grand Central Terminal , and allow developers to build skyscrapers above

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5394-430: The old PC assets back to life. During the 1980s, the deregulated Conrail had the muscle to implement the route reorganization and productivity improvements that the PC had unsuccessfully tried to implement between 1968 and 1970. Hundred of miles of former PRR and NYC trackage were abandoned to adjacent landowners or rail trail use. The stock of the subsequently-profitable Conrail was refloated on Wall Street in 1987, and

5481-433: The plant to arrest strikers, leading to violence; in other cities, the plants were shuttered peacefully. The strike was resolved on February 11, 1937, when GM recognized the UAW as the exclusive bargaining representative for its workers and gave workers a 5% raise and permission to speak in the lunchroom. Walter E. Jominy and A.L. Boegehold of GM invented the Jominy end-quench test for hardenability of carbon steel in 1937,

5568-528: The pricing strategy used by car companies today. The pricing strategy had Chevrolet , Pontiac , Oldsmobile , Buick , and Cadillac priced from least expensive to most, respectively. In 1921, Thomas Midgley Jr. , an engineer for GM, discovered tetraethyllead (leaded gasoline) as an antiknock agent, and GM patented the compound because ethanol could not be patented. This led to the development of higher compression engines resulting in more power and efficiency. The public later realized that lead contained in

5655-421: The problems in the core business. To create the illusion of success, management also insisted on paying dividends to shareholders, desperately borrowing funds to buy time for the business to turn around. Within two years, Penn Central could no longer remain solvent, and, on June 21, 1970, the nation's sixth-largest corporation had become its largest bankruptcy. (The Enron Corporation 's 2001 bankruptcy eclipsed

5742-511: The remaining six were for Metro-North. As of late 2016, only the Metro-North units remain in service, rebuilt as GP40FH-2Ms. All NJT GP40FH-2 locomotives have been retired following the delivery of the ALP-45DP . Five units were rebuilt into MPI MP20B switchers in 2008. Seven NJT units were purchased by Iowa Pacific Holdings and three of those were designated for use on the Hoosier State between Chicago and Indianapolis before Amtrak took over operations again on January 30, 2017. The rest of

5829-487: The reorganization in 2009, the company no longer added the logo, saying that emphasis on its four core divisions would downplay the GM logo. In 2005, Edward T. Welburn was promoted to the newly created position of vice president, GM Global Design, making him the first African American to lead a global automotive design organization and the highest-ranking African American in the US motor industry at that time. On July 1, 2016, he retired from General Motors after 44 years. He

5916-453: The sale of several of American Financial Group's remaining railroad assets to Midtown TDR Ventures LLC, an investment group controlled by Argent Ventures , in December 2006. The current lease with the MTA was negotiated to last through February 28, 2274. The MTA paid $ 2.4 million annually in rent in 2007 and had an option to buy the station and tracks in 2017, although Argent could extend the date another 15 years to 2032. The assets included

6003-409: The second PCTC, gave up its railroad assets to Conrail in 1976 and absorbed its legal owner, the second Penn Central Company, in 1978, and at the same time changed its name to The Penn Central Corporation . In the 1970s and 1980s, the company now called The Penn Central Corporation was a small conglomerate that largely consisted of the diversified sub-firms it had before the crash. Among the properties

6090-416: The second Penn Central Company. Thus, the company that was formerly the Pennsylvania Railroad became the first Penn Central Company and then became the second PCTC. The old Pennsylvania Company , a holding company chartered in 1870, reincorporated in 1958 and long a subsidiary of the PRR, remained a separate corporate entity throughout the period following the merger. The former Pennsylvania Railroad, now

6177-505: The state. Shortly after, the steam generator, which had occupied the flat end of the locomotive's long hood , was replaced with a diesel HEP generator , and the units were reclassified as GP40PH. They would later be rebuilt as GP40PH-2 units in 1991–92. Southern Pacific ordered a Dash-2 variant of the GP40P; only three of these were ever built. After the conclusion of passenger service, they were repurposed for freight use. All three units are still in service, with two being retained by

6264-431: The terminal, in order to fund continued operations. The resulting lawsuit, Penn Central Transportation Co. v. New York City , was decided in 1978, when the U.S. Supreme Court ruled that PC could not sell Grand Central's air rights because the terminal was a New York City designated landmark . In May 1974, the bankruptcy court concluded that the railroad operations of PC could never provide enough income to reorganize

6351-504: The time, was an ardent opponent of the New Deal , which bolstered labor unions and public transport . Sloan admired and supported Adolf Hitler . Nazi armaments chief Albert Speer allegedly said in 1977 that Hitler "would never have considered invading Poland" without synthetic fuel technology provided by General Motors. GM was compensated $ 32 million by the U.S. government because its German factories were bombed by U.S. forces during

6438-442: The units have been sold to various other operators. In 1991–92, NJ Transit sent its ex-CNJ GP40PH units out for rebuilding. The units were rebuilt as GP40PH-2 locomotives. New Jersey Transit would later order two more sets of GP40PH-2 units; these units were rebuilt from former freight GP40 units. The first order in 1993 consisted of six units rebuilt by Morrison-Knudsen which are designated GP40PH-2A. The second order in 1993–94

6525-518: The war. Effective January 28, 1953, Charles Erwin Wilson , then GM president, was named by Dwight D. Eisenhower as United States Secretary of Defense . In December 1953, GM acquired Euclid Trucks , a manufacturer of heavy equipment for earthmoving , including dump trucks , loaders and wheel tractor-scrapers , which later spawned the Terex brand. Alfred P. Sloan retired as chairman and

6612-528: Was approved by the full board two days later. The deal finally closed in March 2020, with the MTA taking ownership of the terminal and rail lines. Few railroad historians and former employees view the mega-railroad's brief existence favorably, and the company has little presence in the railroad enthusiast press. The preservation group Penn Central Railroad Historical Society was formed in July 2000 to preserve

6699-404: Was badly disrupted and they were faced with unmanageable problems which were insurmountable. In addition to overcoming obstacles, the principal problem was too much governmental regulation and a passenger deficit which amounted to more than $ 100 million a year." Almost immediately after the transaction cleared, the organizational headwinds presaged during the merger negotiations began to overwhelm

6786-912: Was built by General Motors Diesel (GMD), for GO Transit in Toronto . Eight units were manufactured between 1966 and 1968. They were built on an extended frame to accommodate a head-end power generator. GO Transit sold the fleet to Amtrak in 1988, where they were based in Chicago and used on short-haul trains. In 2005, the Norfolk Southern Railway rebuilt all eight GP40TC locomotives at its Juniata Shops in Altoona, Pennsylvania . These are now classed as GP38H-3 , and work as maintenance-of-way trains or standby power for Downeaster trains. Thirteen GP40Ps were built in October 1968 for

6873-490: Was consolidated into GM on May 2, 1918, and the same year GM acquired United Motors , a parts supplier founded by Durant and headed by Alfred P. Sloan for $ 45 million, and the McLaughlin Motor Car Company , founded by R. S. McLaughlin , became General Motors of Canada Limited. In 1919, GM acquired Guardian Frigerator Company , part-owned by Durant, which was renamed Frigidaire . Also in 1919,

6960-695: Was contacted by the Maryland Transit Administration to assemble a fleet of GP40s for use on MARC . They entered service in 1994. GP40WH-2s are equipped with a Cummins head-end power generator. The Federal Railroad Administration exempted these units from the "triangular light pattern" rule because the engines were ordered with Gyralites before the mandatory use of ditch lights . Between 2009 and 2011, MARC retired all of their GP40WH-2 locomotives in favor of new MP36PH-3C locomotives, except for unit 68, which remains for non-revenue work duty and rescue use. Five units were leased to

7047-560: Was eventually discontinued in 2004, seven years after it had become the first American car brand to turn 100. In May 2004, GM delivered the first full-sized pickup truck hybrid vehicles , the 1/2-ton Chevrolet Silverado / GMC Sierra trucks. These mild hybrids did not use electrical energy for propulsion, like GM's later designs. Later, the company debuted another hybrid technology, co-developed with DaimlerChrysler and BMW , in diesel-electric hybrid powertrain manufactured by Allison Transmission for transit buses. Continuing to target

7134-440: Was for 19 former Penn Central units rebuilt by Conrail , which are classified as GP40PH-2B. Metro-North ordered a single GP40PH-2 unit, numbered 4906. It was rebuilt by Conrail in 1992 and is classified as a GP40PH-2M. Starting in 2014, all but three of NJ Transit's original GP40PH-2s have entered an in-house rebuild program by NJ Transit for a mechanical conversion into a standard GP40-2 for non-revenue service. The HEP motor

7221-484: Was removed, unlit number boards were drilled in, the rear ladders were removed and replaced with steps, and LED markers were applied to the rear end of the locomotive, replacing their original tri-color class lights. As of 2020, locomotives 4100, 4101 and 4109 are the only ex-CNJ locomotives that remain in service. NJ Transit's GP40PH-2B units and Metro-North's GP40PH-2M unit also remain active. All GP40PH-2A units were retired and placed into storage, except for one unit, which

7308-566: Was replaced by Michael Simcoe . In 2006, GM introduced a bright yellow fuel cap on its vehicles to remind drivers that cars can operate using E85 ethanol fuel . They also introduced another hybrid vehicle that year, the Saturn Vue Green Line . In 2008, General Motors committed to engineering half of its manufacturing plants to be landfill-free by recycling or reusing waste in the manufacturing process. Continuing their environmental-conscious development, GM started to offer

7395-710: Was sold to MARC in 2019. In December 2017, New Jersey Transit purchased 17 additional ALP-45DPs to replace the remaining GP40PH-2B locomotives that are still in service. However, in July 2020, NJ Transit decided to use the ALP-45As to replace older locomotives of the PL42AC fleet instead of the GP40PH-2Bs, due to the PL42AC's unreliability and inability to be upgraded to meet new Environmental Protection Agency standards. In 2019, NJ Transit unveiled locomotive 4109 painted in

7482-608: Was succeeded by Albert Bradley in April 1956. In 1962, GM introduced the first ever turbocharged production car in the world in the Oldsmobile Cutlass Turbo-Jetfire. Two years later, the company introduced its " Mark of Excellence " logo and trademark at the 1964 New York World's Fair . The company used the mark as their main corporate identifier until 2021. GM released the Electrovan in 1966,

7569-558: Was the first retail car sold with a passenger airbag . Thomas Murphy became CEO of the company, succeeding Richard C. Gerstenberg in November 1974. GM installed its first catalytic converters in its 1975 models. From 1978 to 1985, GM pushed the benefits of diesel engines and cylinder deactivation technologies. However, it had disastrous results due to poor durability in the Oldsmobile diesels and drivability issues in

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