General Motors
Manufacturing Company, Automotive Company, and Company
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GM's Saab deal falls through...AB has collapsed, General Motors announced Tuesday. "We're obviously very disappointed with the decision to pull out of the Saab purchase," said GM CEO Fritz Henderson in a statement. "Given the sudden change in direction, we will take the... In this article: General Motors, Saab, Saab, Opel, Cnnmoney.com, Volvo, Hummer, and Magna International |
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washingtonpost.com | November 12, 2009
Old GM reports $100M in losses since July
...changing hands. In a Thursday filing with the U.S. Securities and Exchange Commission, Motors Liquidation also reported that it lost $100 million from July 10, the day GM left bankruptcy protection, through Sept. 30. It had more than $48...
In this article: GM, Revenue, Bankruptcy, Detroit, Debtor-in-possession financing, Electric car, University of Michigan Law School, and U.S. Securities and Exchange Commission
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Times Online | 1 day ago
GM warned against state 'subsidy race'
...from here GM warned against state 'subsidy race' Brussels tells GM it will not tolerate EU member states competing to offer generous state aid in return for safeguarding jobs Alexandra Frean, New York Brussels has warned General...
In this article: Brussels, Opel, Sberbank, Magna, EU, Vladimir Spidla, and Germany
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Detroit News | 1 day ago
The inside story of the GM, Chrysler bailouts
...debating this. This is what we have to do." "On May 1 and May 15, the auto task force held eight-hour planning sessions on GM's planned bankruptcy filing at the automaker's New York law office. More than 100 participated by phone or in...
In this article: GM, Chrysler, Bankruptcy, Fiat, United Auto Workers, and Henry Paulson
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New Kerala | November 16, 2009
US stocks surge on retail sales, GM, Bernanke comments
New York, Nov 17 : US stocks rose Monday to 1-month highs after reports of improving retail sales, a better-than-expected General Motors quarterly report and Federal Reserve Chairman Ben Bernanke's hopes for growth in 2010. Retail...
In this article: General Motors Co, Ben Bernanke, US, Recession, Unemployment, Bankruptcy, Dow Jones Industrial Average, Standard and Poor's, and Federal Reserve
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CNN | November 12, 2009
GM brings back the Buick Regal
...Updated: November 12, 2009: 3:59 AM ET NEW YORK (CNNMoney.com) -- General Motors will bring back the Regal name on a new Buick car set to be unveiled at the Los Angeles Auto Show next month. The 2011 Buick Regal will be smaller and...
In this article: Buick Regal, Buick, Europe, China, European Car of the Year, Cnnmoney.com, Opel Insignia, and Buick LaCrosse
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There can be only 1: Who will win cop car wars?
...Ford's new police car. NEW YORK (CNNMoney.com) -- Ford Motor Co. is firing back following General Motors' announcement that it would begin selling a police-only Chevrolet sedan in the United States in early 2011. That's just about the...
In this article: Ford Crown Victoria Police Interceptor, Chevrolet, Cnnmoney.com, Mark Fields, Holden, Nasdaq, Ford Motor Co., and NEW YORK
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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 $57.6 billion under the Troubled Asset Relief Program.
While no GM shares are currently available to the public, the company plans an initial public stock offering (IPO) in 2010.
GM plans to focus its business on its four core US brands — Chevrolet, Cadillac, Buick, and GMC. In Europe, following a period of negotiation to sell a majority stake in its Opel and Vauxhall brands, GM decided to retain full ownership of these operations.
- Name:
- General Motors Company
- Type:
- Limited liability company
- Location:
- Detroit, Michigan, United States
- Region:
- Worldwide
- Founded:
- Flint, Michigan (1908)
- Owned by:
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- United Auto Workers
- The Crown in Right of Canada (7.9%)
- United States Department of the Treasury (61%)
- The Crown in Right of Ontario (3.8%)
- Bond holders of Motors Liquidation Company (9.8%)
- VEBA (17.5%)
- Industry:
- Automotive
- Key People:
- Products:
- Automobiles
- Revenue:
- US$ 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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