General Motors
Manufacturing Company, Automotive Company, and Company
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Russia weighs in on growing row over GM U-turnRussia weighs in on growing row over GM U-turn Navigation - link to other main sections from here Russia weighs in on growing row over GM U-turn Russia today added to growing international consternation over General Motor's (GM) decision... In this article: General Motors, Magna, Opel, Sberbank, Russia, Vauxhall, Vladimir Putin, Best interests, and Unite |
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Detroit News | November 09, 2009
GM CEO meets with Opel leaders in Germany
...which the company will review this week. GM's decision to keep Opel also drew an angry response in Russia, where Prime Minister Vladimir Putin called the attitude displayed by GM "arrogant." Sberbank, a Russian-controlled bank with...
In this article: Opel, GM, Magna International Inc., GAZ, John Smith, Carl-Peter Forster, Germany, and U.S.
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Forbes.com News | 2 days ago
Saab Story
...Sberbank, with financial help from the German government. But the carmaker's 13-member board abruptly changed course, and now GM intends to retain Opel and restructure it. Unlike Saturn, Saab, Hummer and Pontiac (another brand GM...
In this article: Saab, Opel, Hummer, Magna International, Bankruptcy, Pontiac, and Saab
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thestar.com | 5 days ago
GM on fast track to recovery
...market in the next few years, eclipsing Germany. In the so-called BRIC nations - Brazil, Russia, India and China - GM has powered itself to a 13 per cent market share. Its volume and revenues are climbing in what collectively will...
In this article: GM, Opel, Buick, Buick LaCrosse, North America, BMW, and Apple
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Sydney Morning Herald - Business | 5 days ago
Impact of crisis to equal Berlin Wall fall - German minister
...workforce. GM stunned Berlin and the entire global auto world earlier this month when it pulled a handbrake turn on a deal that would have sold off Opel to a consortium of Canadian car parts maker Magna and Russia's Sberbank. Germany had...
In this article: Opel, Wolfgang Schaeuble, Sberbank, Berlin, Communism, Magna, and Germany
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GM loses $1.2B in 3Q
...at the automaker's finances since emerging from bankruptcy with about $50 billion in federal aid. Before special items, GM lost $261 million. The automaker posted revenue of $28 billion in the third-quarter, up about $4.9 billion compared to...
In this article: GM, Bankruptcy, Revenue, Escrow, Operating cash flow, Balance sheet, European Union, and Ben Gordon
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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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