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General Motors

General Motors (GM), a Detroit-based automotive giant, holds a prominent position in the global automotive industry. Founded in 1908 by William C. Durant, GM's history is marked by significant acquisitions, establishing it as a leading automaker for decades. The company's portfolio includes iconic brands such as Chevrolet, Buick, GMC, and Cadillac, each operating as a separate division. For 77 years, GM reigned as the world's largest automaker, a title relinquished to Toyota in 2008. However, it retains its position as the largest automaker in the United States based on total sales. GM's global reach extends to manufacturing plants in eight countries and strategic partnerships in China with brands Baojun and Wuling. Beyond vehicle manufacturing, GM's diverse holdings encompass military vehicle production, OnStar safety services, ACDelco auto parts, and a financial services arm. The company underwent a Chapter 11 reorganization in 2009, emerging as the entity known today. Currently ranked among the Fortune 500 and Fortune Global 500, GM is actively pursuing a future focused on sustainability. Its 2021 announcement to cease production of internal combustion engine vehicles by 2035 underscores its commitment to achieving carbon neutrality by 2040. This ambitious goal reflects a strategic shift towards electric vehicles, marking a new chapter in the company's long and influential history.

General Motors Overview

Image Source : Wikipedia
  • Company type Public
  • Industry Automotive
  • Founded September 16, 1908
  • Founders William C. Durant
  • Headquarters Renaissance Center, Detroit, Michigan, United States
  • Area served Worldwide
  • Key people Charles Kettering, Director of Research (1920-1947), Alfred P. Sloan, CEO (1923-1946)
  • Services Automotive finance, Vehicle leasing, Vehicle service
  • Revenue US$187.4 billion (2024)
  • Net income US$6.008 billion (2024)
  • Number of employees 162,000 (2024)
  • Subsidiaries GM Insurance, GM Energy, GM Envolve, OnStar, DMAX, GM Components Holdings, GM Defense, GM Performance Power Units, GM Subsystems Manufacturing LLC, Ultium Cells LLC, GM Argentina, GM Brazil, GM Canada, GM Chile, GM Colombia, GM Ecuador, GM Egypt, GM Japan, GM Korea, GM Mexico, GM New Zealand, GM Specialty Vehicles, GM Technical Center Korea, Pan Asia Technical Automotive Center (50%), SAIC-GM (50%), SAIC-GM-Wuling (44%), SGMW Motor Indonesia
  • Website www.gm.com

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General Motors history

Last Updated : 25/03/25, 12:11 AM
General Motors: A Century of Innovation and Transformation From its origins as the Durant-Dort Carriage Company, General Motors rapidly ascended to become a global automotive behemoth. William C. Durant’s acquisitive strategy, fueled by acquisitions of Buick, Oldsmobile, and Cadillac, established GM in 1908. However, aggressive expansion led to Durant’s removal in 1910. Re-emerging through Chevrolet, Durant regained control in 1917, before Alfred P. Sloan’s leadership established annual model changes and a tiered pricing strategy that defined the industry. GM’s technological contributions were significant, from the electric starter to tetraethyl lead (later recognized as harmful) and chlorofluorocarbons (subsequently banned). The company expanded globally, acquiring Vauxhall, Opel, and establishing General Motors of Canada. Diversification efforts included Frigidaire and Electronic Data Systems (EDS). World War II saw GM shifting to armaments production, while post-war expansion continued with brands like Pontiac and the introduction of innovative technologies like the Hydramatic transmission. The latter half of the 20th century witnessed further diversification, including forays into aerospace (Hughes Aircraft), and the introduction of the first fuel cell vehicle. However, the company also faced challenges, including the 1970s energy crisis and the subsequent struggles with diesel engines. The late 20th and early 21st centuries saw significant restructuring, including the sale of various brands and the bankruptcy filing in 2009 followed by a government bailout and reorganization. The company’s commitment to electric vehicles is evident in the EV1 and subsequent models like the Chevrolet Bolt EV, alongside ongoing investments in battery technology and autonomous driving through Cruise. Recent years have seen a renewed focus on electric vehicles and a strategic shift towards key markets.
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