-40%
1954 GMC General Motors Corporation 3 1/2% 25-year Debenture ,000 - bond
$ 4.22
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Description
General Motors Corporation, commonly known as GMC, is an American multi-national corporation headquartered in Detroit, Michigan. It designs, manufactures, markets and distributes vehicles and vehicle parts and sells financial services. In 2009 after financial losses, GMC shed several long-term brands, to include Pontiac, and emerged from a government-backed Chapter 11 bankruptcy reorganization. It has now returned to profitability. For auction is a "25-Year 3 1/2% Debenture" issued by GMC. It is for ,000 and is dated January 1, 19541954 GMC General Motors Corporation 3 1/2% 25-year Debenture ,000 - bond
1954 GMC General Motors Corporation 3 1/2% 25-year Debenture ,000 - bond
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Description
General Motors Corporation
, commonly known as
GMC
, is an
American multi-national corporation
headquartered in Detroit, Michigan. It
designs, manufactures, markets and distributes vehicles and vehicle parts and sells financial services
. GMC
produces vehicles in 37 countries under thirteen brands
, the most common of which are
Chevrolet, Cadillac, Buick, GMC, Vauxhall and Opel
. It also has a number of joint-ventures and investments in several foreign car manufacturers. General Motors led global vehicle sales for 77 consecutive years from 1931 through 2007, longer than any other automaker, and is currently among the world's largest automakers by vehicle unit sales.
In 2009 after financial losses, GMC shed several long-term brands
, to include Pontiac, and
emerged from a government-backed Chapter 11 bankruptcy reorganization
. It has now returned to profitability.
For auction is a "25-Year 3 1/2% Debenture" issued by GMC
. It is
for ,000
and is
dated January 1, 1954
and was
due January 1, 1979
. The
vignette shows various GMC products
. This document measures appx 15 x 9 1/2 inches and is printed on typical stock/bond security paper. It is in
very good condition
, with no rips or tears. All writing/markings are from its issuance and processing. It bears the customary cancellation punch holes and staple holes from other documents once attached.
A great for the automotive collector.
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