General Motors Company commonly referred to as General Motors GMis 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. It was originally founded by William C.
Durant on September 16, as a holding company. The company is the largest American automobile manufacturer, and one of the world's largest.
It also owns or holds controlling interest in foreign brands such as HoldenWulingBaojunand Jiefang. General Motors employspeople and does business in more than countries. The company also operates a mobility division called Mavenwhich operates car-sharing services in the United States, and is studying alternatives to individual vehicle ownership. GM Defense is General Motors' military defense division, catering for 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 throughlonger than any other automaker, and in was among the world's largest automakers by vehicle unit sales.
General Motors acts in Usas budget oppen in i det sista countries outside the U. InGeneral Motors shed several brands, closing SaturnPontiacand Hummerand emerged from a government-backed Chapter 11 reorganization. Inthe 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.
Durantowner of Buick. Over the years, Mott became the largest single stockholder in GM, and spent his life with his Mott Foundationwhich has benefited the city of Flint, his adopted home. GM acquired Oldsmobile later that year.
InDurant brought in CadillacElmoreOaklandand several others. Durant, along with R. McLaughlinlost control of GM in to a bankers' trust, because of the large amount of debt taken on in its acquisitions, coupled with a collapse in new vehicle sales.
Durant regained control of the company after one of the most dramatic proxy wars in U. Shortly thereafter, he lost control, this time for good, after the new vehicle market collapsed. Sloan was picked to take charge of the corporation, and led it to its post-war global dominance when the seven manufacturing facilities operated by Chevrolet before GM acquired the company began to contribute to GM operations.
These facilities were added to the individual factories that were exclusive to Cadillac, Buick, Oldsmobile, Oakland, and other companies acquired by GM. This unprecedented growth of GM would last into the early s, when it employedworkers and operated assembly plants. On July 10,General Motors emerged from government backed Chapter 11 reorganization after an initial filing on June 8, Also in as part of the General Motors Chapter 11 Bankruptcy, the company shed several brands, closing SaturnPontiacand Hummerwhile selling Saab Automobile to Dutch automaker Spykerand emerged from a government-backed Chapter 11 reorganization.
Based on global sales, General Motors is routinely among the world's largest automakers. InGeneral Motors sold 6. Welburnwas the first African American to lead a global automotive design organization, and as of [update] the highest ranking African American in the US motor industry. Barra also joined the GM board.
The company has reported annual profits since It can carry forward previous losses to reduce tax liability on future earnings. InGeneral Motors ranked second on the list with 8. The top two markets in were China, with 2, units, and the United States, with 2, vehicles sold.
The Chevrolet brand was the main contributor to GM performance, with 4. GM was removed from the index as it approached bankruptcy in As of February The employees are not all Canadian, as some salaried personnel are from the U. The GM restructuring has resulted in a lower break-even point for annual sales and renewed profits.
In mid, GM announced that its corporate chrome power emblem " Mark of Excellence " would begin appearing on all recently introduced and all-new model vehicles produced and sold in North America. However, in the "New GM" reversed this, saying that emphasis on its four core divisions would downplay the GM logo. In MayGM recorded an Employees from those plants would also be made redundant. In the third largest individual country by sales was Brazil with someGM vehicles sold.
Chevrolet still has a limited presence in Europe through imports of the Corvette and Camarowhile Cadillac maintains a limited presence as well. The company manufactures most of its China market vehicles locally. The Shanghai GM plant was officially opened on December 15,when the first Chinese-built Buick came off the assembly line.
Much of General Motors' recent growth has been in the People's Republic of China, where its sales rose Buick is strong in China, being led by the Buick Excelle subcompact. The last emperor of China owned a Buick. GM pushed the marketing of the Chevrolet brand in China in as well, transferring Buick Sail to that brand. General Motors vehicle sales in China rose It is estimated that such market in China is about 5 million vehicles a year, larger than the auto market in France and Britain combined.
However, some are worried that 'local brands like Baojun could eventually become threats to their parent brands if they compete more against established models over time'. GM products are also currently sold by the company Yanase Co. In AugustGM announced plans to reactivate its plant that previously produced rebadged Chevrolet Blazer as Opel as well as Brazilian Blazer, and also build a new plant in BekasiWest JavaIndonesia, which would produce 40, passenger cars per year for the Southeast Asian market.
GM announced on May 18, that it would exit the Indian market, which it had entered for the second time in The first time was inwhen it became the first car maker to manufacture cars in India. GM would however continue to manufacture cars from its TalegaonMaharashtra plant for the export market.
This plant has a capacity of 1,60, units annually. The older Halol, Gujarat plant with a capacity for 50, units stopped production on April 28, The India arm's domestic sales for April — March declined to 25, units from 32, the previous year and market share contracted from 1.
However, exports surged 89 percent during the same period to 70, units. About employees, 8 percent of GM's total Indian work-force, would be affected by the pull-out.
Weak product line-up and below par service were the reasons for the poor showing by GM in India. According to the South Korean unit of General Motors, its domestic sales for March dropped by 58 percent, which is more than half compared to the past year. In FebruaryGeneral Motors had said to shut down one factory and then decide what lies ahead for the remaining three plants in South Korea
Usas budget oppen in i det sista rising losses there.
GM has a long history in Egypt which began in the s with the assembly of cars and light pickup trucks for the local market. In the mid of the s, GM withdrew from the Egyptian market. Some years later, the Ghabbour Brothers began to assemble CadillacChevrolet and Buick models up to the s.
In the s Miller Brothers Nigeria was founded as an importer of commercial vehicles of the Bedford brand into the country. In the plant and its distribution network was split into different companies and renamed as Federated Motors Industries.
Its facility located in Nairobi assembled a wide range of Isuzu trucks and buses including the popular Isuzu N-Series versatile light commercial vehicle, TF Series pick-ups and Isuzu bus chassis.
Selling entire GM's By it was targeting the production of 50, cars a year but was being hampered by national labour unrest, strikes and protests. In sales of fully imported Holden vehicles began. New Zealand assembly of Holdens began in and through the early s, Holdens replaced all Chevrolets and most Vauxhalls. Tariffs on Australian-made cars were eventually removed and local assembly plants closed by GM New Zealand was renamed Holden in In AustraliaGM has been represented by the Holden brand since Chevrolets and Pontiacs were also manufactured in Australia until On December 10, GM announced that Holden would cease manufacturing operations in Australia by the end of GM has also done much work in the development of electronics for GM auto racing.
An unmodified Aurora V-8 in the Aerotech, captured 47 world records, including the record for speed endurance in the Motorsports Hall of Fame of America. Recently, the Cadillac V-Series has entered motorsports racing.
Chevrolet leads individual makes with wins. In andthe drivers' championship was won by the very closely linked now defunct HSV Dealer Team. Its character was entirely empirical; it was whatever key people in each company Usas budget oppen in i det sista been competent enough to organize and pursue. Its work was well known to GM central management through its relationship as a supplier and consultancy to Cadillac and Buick. United Motors acquired Delco, and Kettering began his association with Sloan.
United Motors also acquired at this time the original Remy corporation  called the Remy Electric Companya competitor of Delco. In General Motors bought United Motors. Today's main successor corporation is Delphi Automotivewhich nowadays is an independent parent corporation. During the next few decades it led the development of:. World War II was a turning point wherein military affairs, after mingling with the technologies of applied science for some 80 years, first started to become fundamentally reinvented by them.
Civilian life, too, changed in this direction. Alfred Sloanlongtime CEO of GM s to sdiscussed in his memoir also considered a seminal management treatise the relationships between government, academia, and private industry in the areas of basic science and applied science, in light of this new era. On September 7, Usas budget oppen in i det sista, at the Intelligent Transport Systems World Congress in Detroit GM disclosed it would be introducing auto-pilot features into certain models of its cars, which would go on sale in The "super cruise" or vehicle-to-vehicle V2V technology is likely to be first introduced to the Cadillac range, enabling drivers to switch in and out of semi-automated mode.
Rick Snyder signed a package of bills legalizing the operation of autonomous vehicles.
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Ending AmeriCorps would be a major loss for Detroit, where more Obituaries; Cars · Homes · Public Notices · Media · USA TODAY · Archives A sister program, Senior Corps, offers similar volunteer opportunities to senior citizens.
law enforcement agencies boarding up vacant and open homes.