General Motors

General Motors Company
General Motors Corporation
Traded asGM
S&P 100 Component
S&P 500 Component
PredecessorMotor Liquidation Company
FoundedJune 8, 2009; 9 years ago (2009-06-08)
September 16, 1908; 110 years ago (1908-09-16)[1] (as the General Motors Corporation)
FoundersWilliam C. Durant
Charles Stewart Mott
Frederic L. Smith[citation needed]
HeadquartersDetroit, Michigan, U.S.
Number of locations
396 facilities on six continents[2]
Area served
Worldwide (except Hong Kong, Macau, Cuba, Iran, North Korea, Somalia, Sudan, Syria, and Afghanistan)
Key people
Mary T. Barra
(Chairman and CEO)[3]
Dan Ammann
Dhivya Suryadevara
Automobile parts
Commercial vehicles
Production output
Decrease 9,600,000 vehicles (2017)[5]
ServicesVehicle financing
RevenueDecrease US$145.588 billion (2017)[5]
Increase US$10.016 billion (2017)[5]
Decrease US$ -3.864 billion (2017)[5]
Total assetsDecrease US$212.482 billion (2017)[5]
Total equityDecrease US$ 35.001 billion (2017)[5]
Number of employees
180,000 (December 2017) [5][2]
Footnotes / references

General Motors Company,[1] commonly referred to as General Motors (GM), is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services. With global headquarters in Detroit's Renaissance Center, GM manufactures cars and trucks in 35 countries. The company was founded by William C. Durant on September 16, 1908 as a holding company. The company was the largest automobile manufacturer from 1931 through 2007.[7]

In 2008, 8.35 million[8] GM cars and trucks were sold globally under various brands. GM reached the milestone of selling 10 million vehicles in 2016.[9] Current auto brands are Buick, Cadillac, Chevrolet, GMC, Holden, and Wuling. Former GM automotive brands include Daewoo, McLaughlin, Oakland, Oldsmobile, Pontiac, Hummer, Saab, Saturn, as well as Vauxhall and Opel.

In addition to brands selling assembled vehicles, GM has also had various automotive-component and non-automotive brands, many of which it divested in the 1980s through 2000s. These have included Euclid and Terex (earthmoving/construction/mining equipment & vehicles); Electro-Motive Diesel (locomotive, marine, and industrial diesel engines); Detroit Diesel (automotive and industrial diesel engines); Allison (aircraft engines, transmissions, gas turbine engines); Frigidaire (appliances including refrigeration and air conditioning); New Departure (bearings); Delco Electronics and ACDelco (electrical and electronic components); GMAC (finance); General Aviation and North American Aviation (airplanes); GM Defense (military vehicles); and Electronic Data Systems (information technology).

General Motors produces vehicles in 37 countries that are sold under various brands that include: Chevrolet, Buick, GMC, Cadillac, Holden, HSV, Wuling, Baojun, Jie Fang, and Ravon.[10][11][12]

The current company, General Motors Company ("new GM"), was formed in 2009 following the bankruptcy of General Motors Corporation ("old GM"), which became Motors Liquidation Company. The new company purchased the majority of the assets of the old GM, including the brand "General Motors".

Business units

In addition to its twelve brands, General Motors also holds a 20% stake in IMM, and a 77% stake in GM Korea. It also has a number of joint-ventures, including Shanghai GM, SAIC-GM-Wuling and FAW-GM in China, GM-AvtoVAZ in Russia, GM Uzbekistan, General Motors India, General Motors Egypt, and Isuzu Truck South Africa. General Motors employs 212,000 people and does business in more than 140 countries.[2] General Motors is divided into four business segments: GM North America (GMNA), GM South America (GMSA), GM International Operations (GMIO), and GM Financial.[13]:12, 13

The company also operates a mobility division called Maven, which operates car-sharing services in the United States, and is studying alternatives to individual vehicle ownership.[14]

GM Defense is General Motors new military defense division [15] to cater to the needs of the military for advanced technology and propulsion systems for military vehicles.

General Motors led global vehicle sales for 77 consecutive years from 1931 through 2007, longer than any other automaker, and in 2012 was among the world's largest automakers by vehicle unit sales.[16]

General Motors acts in most countries outside the U.S. via wholly owned subsidiaries, but operates in China through 10 joint ventures.:18, 96[13] GM's OnStar subsidiary provides vehicle safety, security and information services.[17]

In 2009, General Motors shed several brands, closing Saturn, Pontiac, and Hummer, and emerged from a government-backed Chapter 11 reorganization. In 2010, the reorganized GM made an initial public offering that was one of the world's top five largest IPOs to date, and returned to profitability later that year.[18]

Other Languages
Afrikaans: General Motors
العربية: جنرال موتورز
aragonés: General Motors
asturianu: General Motors
azərbaycanca: General Motors
беларуская: General Motors
български: Дженеръл Мотърс
bosanski: General Motors
čeština: General Motors
Ελληνικά: General Motors
español: General Motors
Esperanto: General Motors
français: General Motors
hrvatski: General Motors
Bahasa Indonesia: General Motors
italiano: General Motors
Basa Jawa: General Motors
ქართული: General Motors
қазақша: General Motors
latviešu: General Motors
lietuvių: General Motors
македонски: Џенерал моторс
Bahasa Melayu: General Motors
Mirandés: General Motors
Nederlands: General Motors
oʻzbekcha/ўзбекча: General Motors
پنجابی: جنرل موٹرز
português: General Motors
Qaraqalpaqsha: General Motors
română: General Motors
русский: General Motors
саха тыла: General Motors
Simple English: General Motors
slovenčina: General Motors
slovenščina: General Motors
српски / srpski: Dženeral motors
srpskohrvatski / српскохрватски: General Motors
Türkçe: General Motors
українська: General Motors
Tiếng Việt: General Motors
吴语: 通用汽车
ייִדיש: GM
粵語: 通用汽車
中文: 通用汽车