General Motors

General Motors
General Motors

General Motors Company, 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. General Motors produces vehicles in 37 countries under ten brands, including Chevrolet, Buick, GMC, Cadillac, Opel, Holden, Vauxhall, Wuling, Baojun, Jie Fang, UzDaewoo.[5][6]General Motors holds a 20% stake in IMM, and a 96% 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 157 countries. General Motors is divided into five business segments: GM North America (GMNA), GM Europe (GME), GM International Operations(GMIO), GM South America (GMSA), and GM Financial.[7](pp12, 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.

General Motors acts in most countries outside the USA via wholly owned subsidiaries, but operates in China through 10 joint ventures.:pp.18, 96 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, GM made an initial public offering that was one of the world's top 5 largest IPOs to date and returned to profitability later that year.