General Motors
Manufacturing Company, Automotive Company, and Company
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Saab likely to close as GM fails to sell car brand...fate for Saab. But GM will keep and restructure Opel, which unlike Saab, is considered critical to GM's international operations. GM was worried that Opel technology would wind up in rivals' hands. All three GM deals fell through because... In this article: GM, Saab, Saab, Opel, Ford Motor Co., Sweden, GMC, and Cadillac |
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http://www.telegraph.co.uk/finance/newsbysector/transport/general-motors/6515955/GM-expected-to-give-Nick-Reilly-key-Vauxhall-and-Opel-role.html
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http://www.chicagotribune.com/business/nationworld/wire/sns-ap-us-gm-bondholders,0,3201465.story
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http://www.nydailynews.com/money/2009/11/16/2009-11-16_gm_reports_12b_3rd_quarter_loss_but_says_it_repay_67_government_loan_ahead_of_sc.html?r=money&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+nydnrss%2Fmoney+%28Money%29
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http://www.baltimoresun.com/business/sns-ap-us-saturn-penske,0,6020401.story
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http://business.timesonline.co.uk/tol/business/industry_sectors/industrials/article6904038.ece
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http://business.timesonline.co.uk/tol/business/industry_sectors/engineering/article6244867.ece
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http://www.nydailynews.com/money/2009/11/24/2009-11-24_gm_may_shut_down_saab.html?r=money&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+nydnrss%2Fmoney+%28Money%29
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http://www.latimes.com/business/la-fi-saturn-penske1-2009oct01,0,3971372.story?track=rss
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http://www.latimes.com/business/la-fi-hummer10-2009oct10,0,5170340.story?track=rss
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http://business.timesonline.co.uk/tol/business/industry_sectors/engineering/article6809705.ece
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http://www.latimes.com/business/la-fi-gm17-2009nov17,0,2174004.story
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http://www.topix.net/autos/chevrolet-malibu/2009/06/general-motors-to-close-or-idle-12-more-plants
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http://www.latimes.com/business/la-fi-opel4-2009nov04,0,1853228.story
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http://www.nydailynews.com/money/2009/07/13/2009-07-13_report_gm_failed_to_screen_ads_featuring_gay_men_in_skimpy_swimsuits.html
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http://www.newsday.com/business/sns-ap-us-auto-dealers,0,3014850.story?track=rss
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http://money.cnn.com/2009/05/05/news/gm_uaw_talks.reut/index.htm?section=money_news_companies
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http://www.topix.net/autos/chevrolet/2009/06/general-motors-to-close-or-idle-12-more-plants
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http://www.latimes.com/business/la-fi-gm-plant27-2009jun27,0,4566769.story?track=rss
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http://www.topix.net/autos/chevrolet/2009/05/gm-confirms-commitment-to-build-compact-cars-in-us-at-unidentified-idled-factory
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http://www.latimes.com/news/la-fi-gm-nummi19-2009jun19,0,3825029.story?track=rss
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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 $57.6 billion under the Troubled Asset Relief Program.
While no GM shares are currently available to the public, the company plans an initial public stock offering (IPO) in 2010.
GM plans to focus its business on its four core US brands — Chevrolet, Cadillac, Buick, and GMC. In Europe, following a period of negotiation to sell a majority stake in its Opel and Vauxhall brands, GM decided to retain full ownership of these operations.
- Name:
- General Motors Company
- Type:
- Limited liability company
- Location:
- Detroit, Michigan, United States
- Region:
- Worldwide
- Founded:
- Flint, Michigan (1908)
- Owned by:
-
- United Auto Workers
- The Crown in Right of Canada (7.9%)
- United States Department of the Treasury (61%)
- The Crown in Right of Ontario (3.8%)
- Bond holders of Motors Liquidation Company (9.8%)
- VEBA (17.5%)
- Industry:
- Automotive
- Key People:
- Products:
- Automobiles
- Revenue:
- US$ 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
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