General Motors

"General Motors Corporation" redirects here. For the company known as General Motors Corporation from 1916 to 2009, see Motors Liquidation Company.
General Motors Company
Public
Traded as
Industry Automotive
Founded
  • September 16, 1908; 108 years ago (1908-09-16) (as General Motors Corporation)
  • August 11, 2009; 7 years ago (2009-08-11) (as General Motors Company) [1]
Founder
Headquarters Detroit, Michigan, United States
Number of locations
396 facilities on six continents [2]
Area served
Worldwide (except North Korea, Cuba, Iran, Sudan, and Syria)
Key people
Mary Barra
(Chairman and CEO)
Dan Ammann
(President)
Products
Production output
Increase 9,958,000 vehicles (2015) [3]
Services
  • Vehicle financing
Revenue Decrease US$152.35 billion (2015) [4]
Increase US$5.346 billion (2015) [4]
Increase US$9.687 billion (2015) [4]
Total assets Increase US$194.52 billion (2015) [4]
Total equity Increase US$39.87 billion (2015) [4]
Number of employees
216,000 (2015) [2]
Divisions Buick
Chevrolet
Cadillac
GMC
Subsidiaries
Website www.gm.com/index.html
Footnotes / references
[5]

General Motors Company, [1] commonly known as GM, is an American multinational corporation headquartered in Detroit, Michigan, that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services. The current company, General Motors Company LLC ("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".

General Motors produces vehicles in 37 countries under twelve brands: Chevrolet, Buick, GMC, Cadillac, Holden, HSV, Opel, Vauxhall, Wuling, Baojun, Jie Fang, and Ravon. [6] [7] [8]

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, Ghandhara Industries in Pakistan, 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 five business segments: GM North America (GMNA), Opel Group, GM International Operations (GMIO), GM South America (GMSA), and GM Financial. [9]:12, 13

General Motors led global vehicle sales for 77 consecutive years from 1931 through 2007, longer than any other automaker, and is currently among the world's largest automakers by vehicle unit sales. [10]

General Motors acts in most countries outside the U.S. via wholly owned subsidiaries, but operates in China through 10 joint ventures.:18, 96 [9] GM's OnStar subsidiary provides vehicle safety, security and information services.

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. [11]