General Motors
Manufacturing Company, Automotive Company, and Company
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Obama announces jolt of job-creating stimulus money to modernize U.S. electrical grid...the virtues of its economic approach. On Tuesday, Vice President Biden celebrated plans to reopen a General Motors plant in Wilmington, Del., to produce long-range plug-in electric hybrid vehicles. The plant has been purchased by luxury... In this article: Barack Obama, U.S., Unemployment, Maryland, Florida, Fossil fuel, Big government, Pepco, Energy Department, and General Motors |
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White House News | October 27, 2009
Vice President Biden Announces Reopening of Former GM Boxwood Plant
Vice President Biden Announces Reopening of Former GM Boxwood Plant Wilmington, DE -- As part of the of the Administration's commitment to jumpstarting the production of fuel efficient vehicles in America, Vice President Joe Biden today...
In this article: Joe Biden, Department of Energy, GM, Wilmington, Delaware, Carbon, Steven Chu, Delaware, and United States
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Reuters | October 25, 2009
Biden to announce GM plant's reopening: source
Biden to announce GM plant's reopening: source Reuters top ten news stories delivered to your inbox each day. Biden to announce GM plant's reopening: source WASHINGTON (Reuters) - U.S. Vice President Joe Biden plans on Tuesday to visit a...
In this article: Joe Biden, Barack Obama, All rights reserved, Electric car, Recession, Venture capital, Thomson Reuters, NYSE, and Nasdaq
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L.A. Times - National News | October 27, 2009
Obama to detail stimulus spending on 'smart grid'
...unemployment rate hovering near double digits. Vice President Joe Biden today will announce the reopening of a former General Motors plant in Delaware to produce more efficient cars. And several Cabinet secretaries are scheduled to...
In this article: Barack Obama, Arcadia, Fla., White House, Global warming, Robert Gibbs, Council on Competitiveness, and Joe Biden
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Sydney Morning Herald - Business | October 25, 2009
Biden to discuss future of GM plant
Biden to discuss future of GM plant Vice President Joe Biden is expected to announce on Tuesday that a California luxury automaker will build plug-in hybrid electric vehicles at a former General Motors plant in Delaware. The White House...
In this article: Joe Biden, Delaware, Jack Markell, Valmet Automotive, Pontiac Solstice, Saturn Sky, and Wilmington, Delaware
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CBS News | October 25, 2009
Biden to discuss future of former GM plant in Del.
Biden to discuss future of former GM plant in Del. Biden to discuss plans for former GM plant in Delaware to manufacture plug-in hybrids (AP) WASHINGTON (AP) - Vice President Joe Biden is expected to announce Tuesday that a California...
In this article: Delaware, Joe Biden, California, All rights reserved, Jack Markell, Valmet Automotive, Pontiac Solstice, and Saturn Sky
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Jake Tapper's Political Punch | October 27, 2009
Vice President Biden Announces New Life for Shuttered Former General Motors Plant in Wilmington
Vice President Biden Announces New Life for Shuttered Former General Motors Plant in Wilmington Power, pop, and probings from ABC News Senior White House Correspondent Jake Tapper Vice President Biden Announces New Life for Shuttered...
In this article: Joe Biden, Wilmington, Delaware, Department of Energy, Carbon, Steven Chu, United States, and California
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CBS | October 27, 2009
Fisker To Build Hybrid Cars At Idled Del. GM Plant
That's what Vice President Joe Biden believes. Mr. Biden came home to Delaware Tuesday morning to welcome the new owner of General Motors' Boxwood Road plant near Newport. Fisker Automotive, a California-based maker of upscale...
In this article: Delaware, Joe Biden, E mail, Jack Markell, Chrysler, and Newport
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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 $57.6 billion under the Troubled Asset Relief Program.
While no GM shares are currently available to the public, the company plans an initial public stock offering (IPO) in 2010.
GM plans to focus its business on its four core US brands — Chevrolet, Cadillac, Buick, and GMC. In Europe, following a period of negotiation to sell a majority stake in its Opel and Vauxhall brands, GM decided to retain full ownership of these operations.
- Name:
- General Motors Company
- Type:
- Limited liability company
- Location:
- Renaissance Center
- Region:
- Worldwide
- Founded:
- Flint, Michigan (1908)
- Owned by:
-
- The Crown in Right of Canada (7.9%)
- VEBA (17.5%)
- United States Department of the Treasury (61%)
- United Auto Workers
- The Crown in Right of Ontario (3.8%)
- Bond holders of Motors Liquidation Company (9.8%)
- Industry:
- Automotive
- Key People:
- Products:
- Automobiles
- Revenue:
- US$ 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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