General Motors
Manufacturing Company, Automotive Company, and Company
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Neil Winton: General Motors angers Europe's powerful, but Opel decision gains plaudits...Winton: General Motors angers Europe's powerful, but Opel decision gains plaudits General Motors angers Europe's powerful, but Opel decision gains plaudits General Motors Co.'s last-minute decision to hang on to its European Opel marque... In this article: General Motors, Opel, Magna, Europe, Astra, Volkswagen Golf, and Carl-Peter Forster |
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Guardian Unlimited | November 05, 2009
Putin attacks GM for U-turn on Opel
Putin attacks GM for U-turn on Opel • Opel workers walk out in protest but relief at Vauxhall • Carmaker scraps agreement with Magna and Sberbank The Opel plant in Eisenach, eastern Germany, yesterday as protesting employees out.
In this article: Opel, Vladimir Putin, Magna, Sberbank, Angela Merkel, Tax, Russia, and Bankruptcy
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BBC News | November 05, 2009
Opel U-turn sparks German strikes
...Magna and Sberbank. Russian Prime Minister Vladimir Putin criticised GM's decision to pull the plug on the Magna-Sberbank deal, but said his government would still support the US carmaker's projects in Russia. "The last-minute...
In this article: GM, Opel, Magna, Sberbank, Solidarity Union, Poland, Germany, and US
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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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MarketWatch | November 04, 2009
Germans, Russians express anger over GM decision
...contributions to Opel's restructuring. Russian Prime Minister Vladimir Putin also weighed in Wednesday, saying that he was "surprised" by GM's decision, according to media reports. Putin's spokesman also said that Magna and...
In this article: Opel, Roland Koch, Magna International Inc., Sberbank, Vladimir Putin, Angela Merkel, and Antwerp
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boston.com - Top business news | November 04, 2009
Opel workers across Germany protest GM move
...and German leaders, who both questioned GM's decision. Russian Prime Minister Vladimir Putin claiming GM exhibited an "arrogant attitude" in abandoning months of negotiations. Workers at Opel's headquarters in Ruesselsheim vented their...
In this article: GM, Opel, Angela Merkel, Magna International Inc., Sberbank, Vladimir Putin, Germany, and Barack Obama
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NPR | November 05, 2009
German Opel Workers Protest Canceled Sale By GM
...identical to that presented by Magna and Sberbank, which had called for the elimination of 10,500 European jobs or about 20 percent of the work force. At a government meeting in Moscow, Putin complained that "GM didn't discuss anything with...
In this article: GM, Opel, Angela Merkel, Magna International Inc., Vladimir Putin, Sberbank, and Bankruptcy
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Daily Mail | November 05, 2009
Putin slams ‘scornful’ General Motors as German workers stage protests over Opel U-turn
Putin slams ‘scornful’ General Motors as German workers stage protests over Opel U-turn Putin slams 'scornful' General Motors as workers stage protests over Opel U-turn Last updated at 2:42 PM on 05th November 2009
In this article: Opel, Vladimir Putin, Magna, Sberbank, Russia, and Germany
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National Post | November 06, 2009
Back to business 'as usual' for Magna after Opel failure
...usual," Mr. Walker said. GM stunned political leaders, workers and investors around the world Tuesday when its board of directors scrapped a plan to sell Opel to Magna and Sberbank and said it would keep the unit. The decision sparked...
In this article: Magna International Inc., Opel, GM, Sberbank, North America, Recession, Financial Post, and Volvo
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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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