General Motors
Manufacturing Company, Automotive Company, and Company
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Beijing Auto / Saab
In this article: Saab, General Motors, Beijing, Geely, China, Revenue, Volkswagen, and Volvo |
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washingtonpost.com | 5 hours ago
GM sees China market sales growth slowing
...flagship car venture with SAIC Motor Corp <600104. SS>, sold 548,707 vehicles in the first 10 months, up 46.5 percent. SAIC-GM-Wuling, GM's commercial vehicle tie-up with SAIC and Liuzhou Wuling Automobile, sold 891,285 vehicles in the...
In this article: China, Joint venture, Asean, FAW Group, Buick, Chevrolet, Shanghai GM, and Volkswagen AG
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Reuters | 5 hours ago
CORRECTED: GM sees China market sales growth slowing
...to clarify the 10-15 percent sales growth forecast for 2010 is for the overall China market, not for GM's sales By Alison Leung General Motors <GM.UL> expects sales growth for China's auto market to drop dramatically in 2010, as the...
In this article: China, Joint venture, Asean, FAW Group, Buick, Chevrolet, and Shanghai GM
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CORRECTED-GM sees China sales up 50 pct in 2009
Corrects first paragraph to show 2010 sales growth forecast is for entire China auto market, not GM's sales) General Motors [GM.UL] expects its China sales to rise 50 percent in 2009 and the overall China market to grow 10 to 15 percent in...
In this article: China, Joint venture, Association of Southeast Asian Nations, Detroit, India, and Reuters
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UPDATE 2-Beijing Auto says stay tuned on GM's Saab
...maker Koenigsegg, pulled out of talks last week to buy Saab, putting in doubt the future of the loss-making GM [GM.UL] unit. "I cannot control GM's timetable. I obviously have no way of influencing GM's timetable. I would just say we are...
In this article: Saab, China, Value chain, and Saab
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Detroit News | 2 days ago
IPO likely for GM in 2010
In this article: GM, Fiat, Marquette, Sergio Marchionne, Chrysler, and Treasury Department
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GM: Opel to launch new models in break-even plan
...been taken" on details of the plan. Opel and Vauxhall employ some 48,000 people in Europe, more than 24,000 of them in Germany. GM has said it needs euro3.3 billion ($4.9 billion) to restructure its European operations. GM shocked European...
In this article: Opel, GM, Vauxhall, Sberbank, Magna International Inc., Germany, Antwerp, Belgium, Frankfurt, and Europe
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GM's Saab sale collapses as buyer backs out
...a buyer, it is the end of another storied brand." The collapse of the sale of Saab comes as GM scrambles to restructure its European Opel unit. GM's board decided earlier this month to keep the unit, which includes the Opel and Vauxhall...
In this article: GM, Detroit, Bankruptcy, GMC, Buick, and Chevrolet
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GM to present Opel plan to unions on Wed
Nick Reilly said the company would first inform "our people and our union colleagues" about the plan, and did not specify when GM would go public with details, saying only that they "will be released relatively shortly." The number of...
In this article: GM, Opel, Europe, Bochum, European country, Juergen Ruettgers, Angela Merkel, Germany, and Sberbank
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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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