General Motors
Manufacturing Company, Automotive Company, and Company
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GM to add 600 jobs at Oshawa, Ontario in 2011-union...jobs, to one of its assembly plants at Oshawa, Ontario, in 2011, the Canadian Auto Workers union said on Wednesday. GM said on Wednesday it plans to build the 2011 Buick Regal in Oshawa, beginning in the first quarter of 2011. "Today we... In this article: GM, Ontario, Canadian Auto Workers, Buick Regal, and Chris Buckley |
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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 $57.6 billion under the Troubled Asset Relief Program.
While no GM shares are currently available to the public, the company plans an initial public stock offering (IPO) in 2010.
GM plans to focus its business on its four core US brands — Chevrolet, Cadillac, Buick, and GMC. In Europe, following a period of negotiation to sell a majority stake in its Opel and Vauxhall brands, GM decided to retain full ownership of these operations.
- Name:
- General Motors Company
- Type:
- Limited liability company
- Location:
- Renaissance Center
- Region:
- Worldwide
- Founded:
- Flint, Michigan (1908)
- Owned by:
-
- United Auto Workers
- United States Department of the Treasury (61%)
- VEBA (17.5%)
- The Crown in Right of Canada (7.9%)
- The Crown in Right of Ontario (3.8%)
- Bond holders of Motors Liquidation Company (9.8%)
- Industry:
- Automotive
- Key People:
- Products:
- Automobiles
- Revenue:
- US$ 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
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