General Motors: Company Overview

General Motors, an American borne company established in 1908, designs, builds and distributes a wide range of cars, trucks, crossovers and automobile parts worldwide. The company’s automotive operations adhere to the demands of consumers stationed internationally through its four primary automotive regions: GM North America, GM Europe, GM International Operations and GM South America. GM North America targets and serves the demands of customers based in North America with vehicles manufactured and marketed under the Buick, Cadillac, Chevrolet and GMC brands. The demands of consumers outside of North America are primarily met with vehicles manufactured under the brands Buick, Cadillac, Chevrolet, GMC, Holden,

In the hyper competitive world of today’s mega corporations controlled by the sway of the stock market, giant old industrial era companies rule over the automobile market in the United States as well as large parts of the global automobile market. Companies such as General Motors, Chrysler, and Ford were at the center of it until the economic crisis now known as the Great Recession of the late 2000s. The whole market was declining in sales with General Motors and Chrysler taking the biggest hits while Ford only suffered decline comparable to foreign automakers’, Honda and Toyota, levels due to restructuring in prior years. However, the tipping point was edging closer to bankruptcy with General Motors and Chrysler that ultimately

General Motors (GM) was one of the premier automakers of the world. Firmly planted as the leader of the big three automakers, GM, Ford, and Chrysler, years of success grounded GM as an economic and cultural icon of American business. As the Japanese auto market grew and became more efficient, turning out improved vehicles that the public wanted, GM was becoming a lumbering behemoth of inefficiency and corporate gluttony. Many circumstances contribute to GM’s road to bankruptcy including high legacy costs in union owned contracts, largely poor design, inferior quality, and low productivity.

General Motors is faced with a dilemma. In the face of economic depression, competition from foreign players was driving down profits and the market’s preference was changing to efficient cars due to

Even though GM has been given some advantages, it is experiencing problems in Europe and in South America (Kinicki & Williams, 2013). The home market is proving to be a challenge, also. Toyota and Honda are standing out as stiff competition. One plan to help achieve the profit goal for GM is to reduce auto platforms by

General Motors (GM) is a motor vehicle company that is involved in designing, manufacturing, marketing, and distributing vehicles and vehicle parts. The company began in Flint, Michigan with founder William “Billy” Durant in 1908. Durant’s philosophy and strategy was to “[build] a car for every purse and purpose” that would change the world of automobiles and transportation for consumers. General Motors entered the global market in 1982 beginning with Zaragoza, Spain and slowly branched out to 35 other countries all across North and South America, Europe, Asia, Africa, and Oceania. Thirteen brands that General Motors produces vehicles for are Alpheon, Chevrolet, Buick, GMC, Cadillac, Holden, HSV, Opel, Vauxhall, Wuling, Baojun, Jie Fang, and UzDaewoo. General Motors proceeded to follow along with technological advances and economy friendly automobiles through series of hydrogen powered fuel-cell vehicles and gas efficient cars.

The inancial analysis of the company for 1995, comparing data from 1993 and 1994 Very well researched

General Motors is one of the largest car manufacturing companies in the world. Best known for their automobiles, General motors have become a household name and an empire. It did so not only by selecting the right brands and manufacturers to work with but by remaining innovative and creating designs as rapidly as society develops. If you don’t think of GM when thinking of the auto industry, surely one of their many popular brands comes to mind.

1908 was the year William C. Durant founded the General Motors Company in the heart of Detroit, Michigan. Throughout the ups and downs of General Motors, they still prove to be one of the leading companies in automotive production. From the founding of GM in 1908 till present day; General Motors has made strong investments, and joint ventures regarding their company 's’ success. Much of GM’s early investments were to acquire the assistance of other companies, whether it be producing steering wheels at Dayton, Ohio in 1923 to manufacturing differentials and gears in Syracuse, New York. It wasn’t until 1926 when GM started to make a name for itself, leading to subsidiaries in Australia, New Zealand, Japan, Egypt, Uruguay, and Argentina. With ultimately General Motors establishing GM Europe, GM Chile, GM Malaysia, GM South Africa, GM Philippines, GM Mexico, GM Peru, and many more in years to come. It wasn 't until 2009 that “old General Motors” filed for chapter eleven recognition, in other words it filed for bankruptcy, but a corporation as vast as GM was able to propose a plan of reorganization to keep its business alive. After inevitable years of losses, declining market shares, and more importantly a plunge in sales the decision was conclusively made; of course this settlement comes with the responsibility of paying its creditors over time.

William Crapo Durant established largest automobile manufacturer in the world, General Motors, in 1908 to produce "Buick automobiles". In the first year of the company, GM had satisfying sales rates and in the advancing years the company merged with other companies, such as Cadillac, Pontiac, Oldsmobile and AC Sparks Plugs. Amalgamation with other companies increased its sales and GM continued to merge with Chevrolet, Vauxhall Motors of Great Britain, Hummer, Isuzu, GMC, Holden and Opel (Flesher et al., 2014). General Motors is a manufacturing company specialising in cars, trucks, automobile parts. GM has more than 205,000 employees in 157 countries and is headquartered in Detroit, the USA. It has five different

From 2008, GM made a big change by slimming down its scale dramatically. Since GM was saddled with a huge burden, the large population of employee. The company has to pay pensions and health care cost for its every employee. It has not only a financial burden, but also has a employee burden. According to the contract, even in the difficult time, the company can not dismiss its employees, or the company has to pay fines. Its 8 brands also have to be maintained. Each one needs new models and continuous improvement, and these also require a huge investment. General Motors announced a new restructuring program in 2008. According to the plan, GM will cut the number of employees in 2008 to 6.2 million reduced to 40,000 be in the United States before the end of next year. The number of dealers will be cut as well.

insourced, this will greatly improve GM’s ability to design the kind of software and data systems it needs to make popular vehicles. General Motors (GM) outsourced 90% of their IT department but recently made changes to insourced their IT department to GM employees. This move was not about saving money at all but the increase in jobs for potential new and existing employees at GM.

General Motors was once a back bone of American economy. It was one of those organizations who were the driving force of American automotive industry single handedly. But like any other enterprise, it has its strengths and weaknesses. Global presence with an impeccable distribution system which ensures a highest reach out couple with strong research and development gives it a competitive edge over its rivals however it has also borne its share of trouble mainly caused by recession. But now that market is picking up again, GM is also showing steady growth.

General motors in on the of the biggest auto makers in the United States. It holds about one percent of the United States employment. The company which sold over 219,000 vehicles in November of last year only was able to sell 155,000 cars and truck to the American Public declining 41 percent compared to last year. GM car sales of 58,786 were off 44 percent and truck sales of 96,091 were down 39 percent. The steep decline in vehicle sales was largely due to a significant drop in the market’s retail demand compared with last year, and continuing economic uncertainty that has affected consumer confidence. The market shares for General Motors have always been low, but recently it has plunged to a 20 percent starting from 1980. I have

Forwarded here with a term paper report on “General Motors Bankruptcy” submitted by Siddharth Dixit Enrollment No A7004611108 student of