General Motors
Manufacturing Company, Automotive Company, and Company
|
GM to release plan for European units in December...was a "misrepresentation" by the daily Frankfurter Allgemeine Zeitung (FAZ), which claimed that GM wanted to maintain all its European plants. GM Europe said it had to reduce capacity but that there are "multiple ways of reducing... In this article: GM, GM Europe, European Union, Angela Merkel, Opel, Frankfurt, Revenue, Sberbank, and Magna International Inc. |
-
washingtonpost.com | 1 day ago
GM says 193 people have returned cars under plan
-
GM says improved quarter shows signs of stability
...in the third quarter. In the first quarter, the last one for which it reported results, GM burned through $10 billion in cash. GM warned it will face other costs that will bring down earnings in the coming months, including restructuring...
In this article: General Accounting Office, Tax, Bankruptcy, North America, Europe, and Chrysler
-
AP Online | 4 days ago
GM reports $1.2B loss, says it shows progress
...Chapter 11, GM was weighed down by a huge debt of almost $95 billion that has since been cut to $17 billion. GM's global presence helped the company, particularly in China, where its sales of 478,000 in the third quarter increased 6 percent...
In this article: GM, Revenue, Opel, Bankruptcy, General Accounting Office, Cash flow, and Tax
-
GM posts loss, vows to repay U.S. debt early
...since its bankruptcy would allow it to begin paying down $8.1 billion in debt to the United States and Canada next month. GM said it expected to repay its government debt by the end of 2011 and could opt to move faster by refunding money left...
In this article: GM, Bankruptcy, Opel, United States, Balance sheet, Tax, and Magna International
-
GM to start repaying debt to U.S. government next month
...all of the $50 billion the United States has invested in the company. How much the government will receive on its investment depends on GM's eventual stock value. In exchange for the $50 billion, the United States holds the $6.7 billion...
In this article: Bankruptcy, Chrysler, and United States
Trends
Loading...
Collections
More on General Motors
Description from Wikipedia:
General Motors Company, also known as GM, is a United States based automaker with headquarters in Detroit, Michigan.
GM was the world's 18th largest corporate entity and third largest automaker as ranked by 2008 revenues on the Fortune Global 500. Ranked by global unit sales for 2008, it was the world's second largest automaker. GM manufactures cars and trucks in 34 countries, recently employed 244,500 people around the world, and sells and services vehicles in some 140 countries.
On June 1, 2009 General Motors filed for Chapter 11 bankruptcy proceedings from which it emerged on July 10, 2009 in a reorganization in which a new entity acquired the most valuable assets. GM is now majority owned by the United States Treasury and Canadian governments, with the US government investing a total of $57.6 billion under the Troubled Asset Relief Program.
While no GM shares are currently available to the public, the company plans an initial public stock offering (IPO) in 2010.
GM plans to focus its business on its four core US brands — Chevrolet, Cadillac, Buick, and GMC. In Europe, following a period of negotiation to sell a majority stake in its Opel and Vauxhall brands, GM decided to retain full ownership of these operations.
- Name:
- General Motors Company
- Type:
- Limited liability company
- Location:
- Renaissance Center
- Region:
- Worldwide
- Founded:
- Flint, Michigan (1908)
- Owned by:
-
- United Auto Workers
- VEBA (17.5%)
- United States Department of the Treasury (61%)
- The Crown in Right of Ontario (3.8%)
- The Crown in Right of Canada (7.9%)
- Bond holders of Motors Liquidation Company (9.8%)
- Industry:
- Automotive
- Key People:
- Products:
- Automobiles
- Revenue:
- US$ 148.979 billion
- Operating Income:
- US$ US$ 21.284 billion
- Net Income:
- US$ −30.9 billion
- Assets:
- US$ 91.047 billion
- Equity:
- US$ −86.154 billion
- No. of Employees:
- 244,500
Explore everything named General Motors...
