General Motors Co (GM)
What is General Motors?
General Motors Co., often referred to simply as GM, is a leading American automobile producer and seller.Its portfolio of brands includes Buick, Cadillac, Chevrolet, Opel (Vauxhall), Baojun and others. In 2015 GM sold around 10 million cars. It also designs, builds and sells trucks and automobile parts.
General Motors’ segments include GM North America, GM Europe, GM International Operations, GM South America and General Motors Financial Company, Inc. (GM Financial). The latter provides automotive financing services.
The company prides itself on its environmental credentials. For over a decade it was granted more clean-energy patents than anybody else. And General Motors says it is the only car maker to sign a climate declaration that makes tackling climate change a priority.
Who are the key people at General Motors?
Mary Barra is Chairman and Chief Executive Officer of General Motors Company. She was elected Chairman of the GM Board of Directors in 2016, and has served as CEO since 2014. Barra began her career with GM in 1980as a General Motors Institute co-op student at the Pontiac Motor Division. Dismissed by some as a lightweight when she became CEO, she has transformed the company by cutting unprofitable ventures and focusing on efficiency.
Other key figures at GM include Dan Ammann (President, General Motors Company) and Alan Batey (Executive Vice President and President, North America).
What is the modern history of General Motors?
General Motors has played a leading role in the automotive industry for more than a century. Founded in 1908, it was the world’s largest auto manufacturer from 1931 to 2007. The current company, General Motors Company, was established in 2009 after the bankruptcy of General Motors Corporation. The new company bought most of the old GM’s assets, including the General Motors brand. The 2010 IPO stock price for the new General Motors Company was $33 per share.
What are the latest developments at General Motors?
In recent years, General Motors’ US sales have recovered from their lows during the global financial crisis. The company, which only sold 2.08 million vehicles in the US in 2009, was selling over 3 million again by 2015. In 2017 General Motors delivered some 9 million vehicles globally. The company is continuing to expand – for example, it is opening new manufacturing plants in China to support sales growth.
GM is also working on self-driving technology. In March 2018 the company announced that it will build production versions of its Cruise AV at its Orion Township plant in Michigan. Roof modules for GM’s self-driving vehicles will be assembled at its Brownstown plant.
In its full year 2017 results, General Motors reported EBIT-adjusted of $12.8 billion, repeating its record 2016 performance. Results were driven by strong performance in North America, improvement in GM International, sustained growth of GM Financial and a sharp focus on costs. However, the shares fell from over $45 in October 2017 to around $35 at the end of March 2018. Some analysts thought this represented a good buying opportunity for long-term investors. For the latest General Motors share price, follow Capital.com. Our GM charttracks the recent ups and downs of the company’s stock.
Where does General Motors operate?
The company employs around 180,000 people and operates across five continents. Headquartered in Detroit, USA, General Motors has many joint ventures based in China, Russia, India, South Africa and elsewhere. In total, GM manufactures cars and trucks in 35 countries around the world. Some 12,450 General Motors dealers sell the company’s vehicles in over 125 countries.
Where is General Motors traded?
General Motors Co. is listed on the New York Stock Exchange. The company is an S&P 100 Index constituent. Check out Capital.com for the latest GM chart. We’ll keep you up to date and in the picture.