|When it was created||Flint, Michigan (September 16, 1908)|
|People who started it||William C. Durant|
Detroit, Michigan, United States
|Key people||Daniel Akerson
(Chairman and CEO)
|Money earned||US$ 98.7 billion (Q1-Q3 2010)|
|Net income||US$ 4.2 billion (Q1-Q3 2010)|
General Motors Company is the largest American car company. It is based in the Renaissance Center in Detroit, Michigan. It was founded in 1908 by a man named Billy Durant. It makes cars and trucks in 31 countries. About 209,000 people work for it. It is the second largest car company in the world.
In the 1950s and 60s it dominated the car industry, but it fell into decline by the 1980s and 90s. The company went through a bankruptcy in 2009 and was bought by the US Government, which has been selling its stake in the company.
Brands[change | change source]
It has many brands, including:
In the past, General Motors has used other brands, including Oldsmobile, Pontiac, Saturn, Hummer, Geo, and Daewoo, but none of these are produced by GM as of 2014. GM also owned Saab for a time.