General Motors
Manufacturing Company, Automotive Company, and Company
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Belgium on the block as Opel cuts likely...4. Germany came under fire from other European governments for offering 4.5 billion euros ($A7.31 billion) in state aid to support GM's original plans to sell Opel to Canada's Magna International and Russian lender Sberbank. Other... In this article: Opel, General Motors, Germany, Saab, Magna International, Berlin, and Europe |
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AP Online | 3 days ago
Germany warns fellow EU gov'ts against GM jobs aid
Germany warns fellow EU gov'ts against GM jobs aid FRANKFURT (AP) - Germany warned fellow European governments on Monday against offering financial aid to General Motors Europe in exchange for job guarantees, hours ahead of a meeting in...
In this article: EU, Germany, Sberbank, Magna International Inc., Europe, Auto industry, Volkswagen AG, and Daimler AG
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GM says main plant in Germany crucial to its plans
GM shocked Germany and other European countries earlier this month by abruptly canceling the planned sale of a majority in Opel to a consortium of Canadian auto parts maker Magna International Inc. and Russian lender Sberbank. Opel...
In this article: GM, Opel, Germany, Europe, GM Europe, Sberbank, Magna International Inc., and Bochum
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washingtonpost.com | 2 days ago
GM pays back Germany, signals fewer job cuts
GM pays back Germany, signals fewer job cuts DUESSELDORF/BERLIN (Reuters) - General Motors <GM.UL> has paid back a loan from Germany and slightly lowered its target for job cuts at struggling European unit Opel. Nick Reilly, the boss...
In this article: Opel, Angela Merkel, Magna International, Germany, Bankruptcy, Bochum, and Flanders
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Sydney Morning Herald - Business | 1 day ago
GM to keep all Opel plants in Germany open
Germany came under fire from other European governments for offering 4.5 billion euros in state aid to support GM's original plans to sell Opel, which includes Vauxhall in Britain, to Canada's Magna and Russian lender Sberbank. Other...
In this article: Opel, Germany, Europe, Sberbank, Magna, Britain, Bochum, and Kaiserslautern
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Times Online | 1 day ago
GM to axe 9,000 jobs and leaves UK hanging
...Employee Forum. Earlier this month GM shocked Germany and other European countries by abruptly canceling the planned sale of a majority in Opel to a consortium of Canadian auto parts maker Magna International Inc. and Russian lender Sberbank.
In this article: Opel, UK, Germany, Sberbank, Vauxhall, Magna International Inc., Luton, and Ellesmere Port
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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 $57.6 billion under the Troubled Asset Relief Program.
While no GM shares are currently available to the public, the company plans an initial public stock offering (IPO) in 2010.
GM plans to focus its business on its four core US brands — Chevrolet, Cadillac, Buick, and GMC. In Europe, following a period of negotiation to sell a majority stake in its Opel and Vauxhall brands, GM decided to retain full ownership of these operations.
- Name:
- General Motors Company
- Type:
- Limited liability company
- Location:
- Renaissance Center
- Region:
- Worldwide
- Founded:
- Flint, Michigan (1908)
- Owned by:
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- The Crown in Right of Canada (7.9%)
- VEBA (17.5%)
- United States Department of the Treasury (61%)
- United Auto Workers
- The Crown in Right of Ontario (3.8%)
- Bond holders of Motors Liquidation Company (9.8%)
- Industry:
- Automotive
- Key People:
- Products:
- Automobiles
- Revenue:
- US$ 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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