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it is a car
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What is the population of VEBA?
The population of VEBA is 130,000.
When was VEBA created?
VEBA was created on 1929-03-08.
When was the company VEBA founded?
VEBA had been founded in Berlin in 1929 and was privatized in 1987.
When was Veba Vs Grand Central created?
Veba Vs Grand Central was created on 2005-01-25.
What year did Wulf Bernotat go to work for VEBA?
In Germany in 1996 Bernotat joined VEBA, one of two holding companies for state-owned mining and electricity businesses
Are death benefits received from a veba taxable to the beneficiary of a member?
Death benefits are never taxable as long as you never deducted the premiums on your tax return.
What type of work did Wulf Bernotat do for VEBA?
Bernotat was named to the board of management with partial responsibility for downstream marketing and distribution; in 1998 he was given overall responsibility in that area.
What is the tax id of DANA Retiree VEBA Trust?
Tax identification numbers are the same as social security numbers for individuals. If you have any business having them then they will send it to you on your 1099R form or whatever form you are entitled to have. The only use someone can have for this type of number if fraudulent, and if you have a legitimate reason for such a number the company will give it to you.
How many Nuclear plants are in Germany?
This is from www.world-nuclear.com. For more on this topic, select 'Germany' on the search bar* Germany obtains one quarter of its electricity from nuclear energy, using 17 reactors. * A coalition government formed after the 1998 federal elections has the phasing out of nuclear energy as a feature of its policy. * A compromise agreement was worked out in mid 2000 and signed into effect in 2001 to limit the operational lives of nuclear power plants to an average of 32 years, deferring any immediate closures.Germany's electricity production in 2006 was 633 billion kWh gross, about 6300 kWh per capita. Coal provides about half of the country's electricity. The country's 17 operating nuclear power reactors, comprising 20.6% of installed capacity, supply about one quarter of the electricity (133 billion kWh net in 2007). Many of the units are large (they total 20,339 MWe), and the last came into commercial operation in 1989. Six units are boiling water reactors (BWR), 11 are pressurised water reactors (PWR). All were built by Siemens-KWU. A further PWR has not operated since 1988 because of a licensing dispute. Responsibility for licensing the construction and operation of all nuclear facilities is shared between the federal and Länder governments, which confers something close to a power of veto to both. When Germany was reunited in 1990, all the Soviet-designed reactors in the east were shut down for safety reasons and are being decommissioned. These comprised four operating VVER-440s, a fifth one under construction and a small older VVER reactor. In 2000 the European Commission approved the merger of two of Germany's biggest utilities, Veba and Viag, to form E.ON, which owned or had a stake in 12 of the country's 19 nuclear reactors then. Germany has about half of Europe's installed wind generating capacity, amounting in 2005 to about 22% of its total capacity. This provided 4.8% of the electricity.
What is the general strike?
The General Motor also known as GM, is a United States-based automaker with its headquarters in Detroit, Michigan.On September 24, 2007, GM workers represented by the United Auto Workers union went on the first nationwide strike against the company since 1970. The ripple effect of the strike reached into Canada the following day as two car assembly plants and a transmission facility were forced to close. Overnight a tentative agreement was reached, however, and UAW officials declared the end of the strike in a news conference at 4 a.m. on September 26. By the following day, all GM workers in both countries were back to work.A new labor contract was ratified by UAW members exactly one week after the tentative agreement was reached, passing by a majority 62 percent vote. In the contract are several product and employment guarantees stretching well into the next decade. One of GM's key future products, the Chevy Volt, was promised to the GM Poletown/Detroit-Hamtramck plant in 2010. Also included is a VEBA (Voluntary Employee Beneficiary Association) which will transfer retiree health care obligations to the UAW by 2010. This eliminates more than $50 billion from GM's healthcare tab. It will be funded by $30 billion in cash and $1.4 billion in GM stock paid to the UAW over the next four years of the contract. It also eliminates 70 percent of the labor cost gap with GM's Japanese rivals.A strike at American Axle and Manufacturing Holdings Inc. will result in lost production of an additional 230,000 vehicles in the second quarter, with an estimated $1.8 billion impact on earnings before tax, and a total strike cost of $2.81 billion.Together with the UAW, GM created a joint venture dedicated to the quality of life needs of employees in 1985. The UAW-GM Center for human resources in Detroit is dedicated to providing GM salaried employees and GM UAW members programs and services related to medical care, diversity issues, education, training and tuition assistance, as well as programs related to work and family concerns, in addition to the traditional union-employer health and safety partnership.
What is a general strike?
The General Motor also known as GM, is a United States-based automaker with its headquarters in Detroit, Michigan.On September 24, 2007, GM workers represented by the United Auto Workers union went on the first nationwide strike against the company since 1970. The ripple effect of the strike reached into Canada the following day as two car assembly plants and a transmission facility were forced to close. Overnight a tentative agreement was reached, however, and UAW officials declared the end of the strike in a news conference at 4 a.m. on September 26. By the following day, all GM workers in both countries were back to work.A new labor contract was ratified by UAW members exactly one week after the tentative agreement was reached, passing by a majority 62 percent vote. In the contract are several product and employment guarantees stretching well into the next decade. One of GM's key future products, the Chevy Volt, was promised to the GM Poletown/Detroit-Hamtramck plant in 2010. Also included is a VEBA (Voluntary Employee Beneficiary Association) which will transfer retiree health care obligations to the UAW by 2010. This eliminates more than $50 billion from GM's healthcare tab. It will be funded by $30 billion in cash and $1.4 billion in GM stock paid to the UAW over the next four years of the contract. It also eliminates 70 percent of the labor cost gap with GM's Japanese rivals.A strike at American Axle and Manufacturing Holdings Inc. will result in lost production of an additional 230,000 vehicles in the second quarter, with an estimated $1.8 billion impact on earnings before tax, and a total strike cost of $2.81 billion.Together with the UAW, GM created a joint venture dedicated to the quality of life needs of employees in 1985. The UAW-GM Center for human resources in Detroit is dedicated to providing GM salaried employees and GM UAW members programs and services related to medical care, diversity issues, education, training and tuition assistance, as well as programs related to work and family concerns, in addition to the traditional union-employer health and safety partnership.
Why did the domestic automakers receive a government approved bridge loan?
Due to the severe economic crisis of 2008 brought on by the collapse of the banking industry, the domestic automakers requested a low-interest loan. On December 19, 2008, President George W. Bush approved $17.4 billion in short-term loans to prevent General Motors Corp. and Chrysler LLC from collapsing, offering them a desperately needed lifeline and ushering in a sweeping restructuring that will remake the domestic auto industry over the next 100 days. ---- What it is : Financing Assistance to Facilitate the Restructuring of Automobile Manufacturers to Attain Financial Viability Purpose : The terms and conditions of the financing provided by the Treasury Department will facilitate restructuring of our domestic auto industry, prevent disorderly bankruptcies during a time of economic difficulty, and protect the taxpayer by ensuring that only financially viable firms receive financing. Amount : Auto manufacturers will be provided with $13.4 B in short-term financing from the TARP, with an additional $4 B available in February, contingent upon drawing down the second tranche of TARP funds. Viability Requirement: The firms must use these funds to become financially viable. Taxpayers will not be asked to provide financing for firms that do not become viable. If the firms have not attained viability by March 31, 2009, the loan will be called and all funds returned to the Treasury. Definition of Viability : A firm will only be deemed viable if it has a positive net present value, taking into account all current and future costs, and can fully repay the government loan. Binding Terms and Conditions : The binding terms and conditions established by the Treasury will mirror those that were voted favorably by a majority of both Houses of Congress, including: • Firms must provide warrants for non-voting stock. • Firms must accept limits on executive compensation and eliminate perks such as corporate jets. • Debt owed to the government would be senior to other debts, to the extent permitted by law. • Firms must allow the government to examine their books and records. • Firms must report and the government has the power to block any large transactions (> $100 M). • Firms must comply with applicable Federal fuel efficiency and emissions requirements. • Firms must not issue new dividends while they owe government debt. Targets : The terms and conditions established by Treasury will include additional targets that were the subject of Congressional negotiations but did not come to a vote, including: • Reduce debts by 2/3 via a debt for equity exchange. • Make one-half of VEBA payments in the form of stock. • Eliminate the jobs bank. • Work rules that are competitive with transplant auto manufacturers by 12/31/09. • Wages that are competitive with those of transplant auto manufacturers by 12/31/09. These terms and conditions would be non-binding in the sense that negotiations can deviate from the quantitative targets above, providing that the firm reports the reasons for these deviations and makes the business case to achieve long-term viability in spite of the deviations. In addition, the firm will be required to conclude new agreements with its other major stakeholders, including dealers and suppliers, by March 31, 2009. ---- The reason for this loan was to prevent the following: • The potential loss of 3 million jobs; 2.5 million to follow over the next two years• The cost to local, state, and federal governments could have reached $156.4 billion over three years in lost taxes, and unemployment and health care assistance• pension and health care benefits would have been cut for 1 million retirees, spouses and dependents;• thousands of other businesses -- dealers, suppliers and others -- would have been threatened;• The shifting of huge pension and health care costs to the federal government;• a negative impact on the entire economy, making the current recession much worse
