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General Motors

From Simple English Wikipedia, the free encyclopedia
General Motors Company
FormerlyGeneral Motors Corporation
Company typePublic
  • September 16, 1908; 115 years ago (1908-09-16)[1] (original company)
  • July 10, 2009 (2009-07-10) (present company)
HeadquartersRenaissance Center, ,
United States
Number of locations
396 facilities on six continents[2]
Area served
Key people
Production output
Decrease 5,939,000 vehicles (sales, 2022)[2]
RevenueIncrease US$156.74 billion (2022)[2]
Increase US$10.32 billion (2022)[2]
Decrease US$9.71 billion (2022)[2]
Total assetsIncrease US$264.04 billion (2022)[2]
Total equityIncrease US$71.93 billion (2022)[2]
Number of employees
167,000 (December 2022)[2]
Footnotes / references

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 William 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, after Toyota.

In the 1950s and 1960s, 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.

As of April 2014, GM is being investigated by the United States Congress over the deaths of 13 people involving faulty ignition systems that have been used in many GM cars, with some built as early as 1997.[3][4] In May 2014 the company was fined $35 million from NHTSA over the ignition problem.[5]

Brands[change | change source]

GM 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. They either have gone out of business or were merged into Chevrolet. GM also owned Saab from 1989 to 2010, and also held stakes in Isuzu and Suzuki until 2008. In 2017 they sold Opel and Vauxhall Motors to Groupe PSA. Holden gone defunct in 2020.

References[change | change source]

  1. "Department of State, Division of Corporations (General Information Name Search)". Delaware.
  2. 2.00 2.01 2.02 2.03 2.04 2.05 2.06 2.07 2.08 2.09 "General Motors Company 2022 Form 10-K Annual Report". U.S. Securities and Exchange Commission. January 31, 2023.
  3. "General Motors Recalls Another 7 Million Vehicles, Some Dating Back To 1997". Forbes. June 30, 2014. Retrieved July 1, 2014.
  4. "GM CEO Dodges Questions During Congressional Grilling". Time. April 1, 2014. Retrieved April 1, 2014.
  5. "GM fined $35mn for delays in recalling faulty cars". Detroit Star. Archived from the original on May 17, 2014. Retrieved May 17, 2014.