General Motors

General Motors Company
General Motors Corporation
Traded asGM
S&P 100 Component
S&P 500 Component
FoundedSeptember 16, 1908; 110 years ago (1908-09-16)[1]
FounderWilliam C. Durant
Number of locations
396 facilities on six continents[2]
Area served
Worldwide (except Hong Kong, Macau, Cuba, Iran, North Korea, Somalia, South Africa, Sudan, Syria and Afghanistan)
Key people
Mary T. Barra
(Chairman & CEO)[3]
Mark Reuss
Dhivya Suryadevara
Automobile parts
Commercial vehicles
Production output
Decrease 8,384,000 vehicles (2018)[5]
ServicesVehicle financing
RevenueDecrease US$147.049 billion (2018)[5]
Decrease US$11.783 billion (2018)[5]
Increase US$8.014 billion (2018)[5]
Total assetsIncrease US$227.339 billion (2018)[5]
Total equityIncrease US$42.777 billion (2018)[5]
Number of employees
173,000 (December 2018) [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. It was originally founded by William C. Durant on September 16, 1908 as a holding company. The company is the largest American automobile manufacturer, and one of the world's largest.[7] As of 2018, General Motors is ranked #10 on the Fortune 500 rankings of the largest United States corporations by total revenue.[8] GM is incorporated in Deleware. [9]

General Motors manufactures vehicles in 37 countries; its core automobile brands include Chevrolet, Buick, GMC, and Cadillac. It also either owns or holds a significant stake in foreign brands such as Holden, Wuling, Baojun, and Jiefang.[10] Annual worldwide sales volume reached a milestone of 10 million vehicles in 2016.[11][12][13]

Business units

In addition to its twelve brands, General Motors 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 International Operations (GMIO), GM Cruze, and GM Financial.[14]: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.[15]

GM Defense is General Motors' military defense division, catering to the needs of the military for advanced technology and propulsion systems for military vehicles.[16]

General Motors led global annual vehicle sales for 77 consecutive years from 1931 through 2007, longer than any other automaker, and is still among the world's largest automakers by vehicle unit sales.[17]

General Motors acts in most countries outside the U.S. via wholly owned subsidiaries, but operates in China through ten joint ventures.:18, 96[14] GM's OnStar subsidiary provides vehicle safety, security and information services.[18]

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.[19]

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العربية: جنرال موتورز
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吴语: 通用汽车
ייִדיש: GM
粵語: 通用汽車
中文: 通用汽车