General Motors

General Motors is a leading global vehicle manufacturer in the United States.

Categories

Industrial Manufacturing  

#297

Rank

$56.17B

MarketCap US

US United States

Country

Summary

General Motors (GM) is a global automotive company that designs, manufactures, and sells a range of vehicles, including trucks, crossovers, and cars, under popular brands like Chevrolet, Cadillac, Buick, and GMC. It also sells automobile parts and offers after-sale services, including maintenance, repairs, and vehicle accessories.

The company is committed to providing innovative solutions that make mobility more accessible, sustainable, and safe. To this end, it offers a range of software-enabled services and subscriptions, such as on-demand vehicle diagnostics, connected navigation, and 4G LTE wireless connectivity.

GM operates through several segments, including GM North America, GM International, Cruise, and GM Financial. It also provides automotive financing and insurance services.

With a history dating back to 1908, GM is headquartered in Detroit, Michigan, and operates in over 100 countries worldwide. The company's commitment to innovation, sustainability, and social responsibility has earned it numerous awards and recognition, making it a leading player in the global automotive industry.


History

General Motors (GM) is one of the largest automobile manufacturers in the world, with a rich history dating back over a century. Here's an overview of GM's history:

Early Years:
GM was founded in 1908 by William C. Durant, a pioneer in the American automobile industry. Durant acquired several struggling automakers, including Buick, Oldsmobile, and Cadillac, and merged them into one company. The new company, General Motors, quickly became the largest automobile manufacturer in the United States.

Expansion and Diversification:
Under Durant's leadership, GM continued to expand and diversify, acquiring new brands and expanding into new markets. In the 1920s, GM introduced the Chevrolet brand, which quickly became a best-seller. The company also began to expand globally, establishing operations in Canada, Europe, and Latin America.

In the 1930s, GM diversified into other industries, including finance and insurance. The company also established a research and development center, which led to numerous technological innovations, such as the first automatic transmission.

Post-War Boom:
Following World War II, GM experienced a period of tremendous growth and prosperity. The company introduced new models, such as the Chevrolet Corvette and the Cadillac Eldorado, and continued to expand globally. In the 1950s, GM became the first company to produce over 1 million vehicles in a single year.

Challenges and Restructuring:
In the 1970s and 1980s, GM faced a series of challenges, including rising competition from foreign automakers, increasing labor costs, and a shift in consumer preferences towards smaller, more fuel-efficient cars. In response, GM began to restructure its operations, closing plants and laying off workers.

In the 1990s, GM faced new challenges, including the rise of Japanese automakers and increasing pressure to produce more environmentally-friendly vehicles. The company responded by investing in new technologies, such as electric and hybrid vehicles, and by expanding into new markets, such as China.

Recent Years:
In the 21st century, GM has faced a series of new challenges, including the 2008 financial crisis, which led to the company's bankruptcy and government bailout. Since then, GM has undergone a major restructuring, streamlining its operations and focusing on its core brands, such as Chevrolet and Cadillac.

Today, GM is a global leader in the automotive industry, with operations in over 100 countries and a diverse portfolio of products and services. The company is committed to creating a future with zero crashes, zero emissions, and zero congestion, and is investing heavily in new technologies, such as autonomous vehicles and electric powertrains, to make this vision a reality.


Mission

GM's mission is to design, build, and sell the world's best vehicles while providing exceptional customer experiences and creating long-term value for its shareholders. The company is committed to driving sustainable growth and profitability by investing in its core brands, developing new products and services, and expanding into new markets.


Vision

General Motors' vision is to create a world with zero crashes, zero emissions, and zero congestion. This vision is encapsulated in the company's mission statement: "We are driving a safer, cleaner, and more connected world."

To achieve this vision, GM has set a series of ambitious goals, including:

  • Zero crashes: GM is working to develop vehicles that are equipped with advanced safety features such as automatic emergency braking, lane departure warning, and pedestrian detection. The company is also investing in autonomous vehicle technology, which has the potential to virtually eliminate crashes caused by human error.
  • Zero emissions: GM is committed to a future where all of its vehicles are powered by electricity. The company has set a goal of selling only zero-emissions vehicles by 2035 and achieving carbon neutrality by 2040. GM is also investing in renewable energy sources such as wind and solar to power its factories and offices.
  • Zero congestion: GM is exploring new ways to reduce congestion on the roads, such as ride-sharing and car-sharing services. The company is also investing in connected vehicle technology, which can help reduce traffic by optimizing the flow of vehicles on the road.

In summary, General Motors' vision is to create a future where vehicles are safer, cleaner, and more connected, and where mobility is accessible to all. By setting ambitious goals and investing in advanced technologies, GM is working to make this vision a reality.


Key Team

Frederic Smith (Founder)

Paul Jacobson (CFO)

Carol Stephenson (Board Member)

Christopher T Hatto (Vice President, Global Business Services and Chief Accounting Officer)

Linda Gooden (Board Member)

Mark Reuss (President)

Thomas Schoewe (Board Member)

Al Oppenheiser (Chief Engineer, GMC Hummerev)

Alan Wexler (Senior Vice President)

Shilpan Amin (Senior Vice President and President, GM International)


Recognition and Awards
General Motors (GM) has won many awards over the years, recognizing the company's achievements in a variety of areas. Here are some examples of GM awards: J.D. Power and Associates Awards: GM has received numerous J.D. Power awards for quality, dependability, and customer satisfaction. In 2020, for example, the Chevrolet Sonic and Chevrolet Tahoe were recognized as the highest-ranked models in their respective segments in the J.D. Power Vehicle Dependability Study. Automotive News PACE Awards: GM has won multiple Automotive News PACE (Premier Automotive Suppliers' Contribution to Excellence) Awards for its innovative products and technologies. In 2020, GM won a PACE Award for its wireless battery management system, which allows for faster charging and improved range for electric vehicles. Green Car Awards: GM has received several awards for its commitment to sustainability and the environment. In 2021, the Chevrolet Bolt EV was named the Green Car of the Year by Green Car Journal, recognizing its impressive range, affordability, and overall performance. Motor Trend Awards: GM has been recognized by Motor Trend magazine for its outstanding vehicles and innovative technologies. In 2021, the Cadillac Escalade was named the Motor Trend SUV of the Year, thanks to its advanced features, luxurious interior, and impressive performance. Diversity and Inclusion Awards: GM has won awards for its commitment to diversity and inclusion in the workplace. In 2020, the company was recognized by DiversityInc as one of the Top 50 Companies for Diversity, thanks to its efforts to promote diversity, equity, and inclusion across the organization. Overall, these awards highlight GM's commitment to excellence, innovation, and sustainability, and reflect the company's ongoing efforts to create high-quality vehicles and mobility solutions that meet the needs of customers around the world.

Products and Services

General Motors (GM) is one of the largest automobile manufacturers in the world, offering a wide range of products and services to customers globally. Here's an overview of GM's products and services:

Products:

Cars: GM produces a variety of cars under its various brands, such as Chevrolet, Cadillac, Buick, and GMC. From compact cars to luxury sedans, GM has a car for every need.

Trucks and SUVs: GM is also known for its trucks and SUVs, which include the popular Chevrolet Silverado, GMC Sierra, Chevrolet Tahoe, and GMC Yukon.

Electric and hybrid vehicles: In recent years, GM has been investing heavily in electric and hybrid vehicles. The company offers the Chevrolet Bolt EV, which is a fully electric vehicle, and the Chevrolet Volt, which is a plug-in hybrid.

Performance vehicles: GM is also known for its high-performance vehicles, such as the Chevrolet Camaro and the Chevrolet Corvette.

Services:

Financing: GM offers financing options for customers looking to purchase a new or used vehicle. This includes auto loans and leases.

Maintenance and repairs: GM has a network of authorized service centers that provide maintenance and repair services for its vehicles. These service centers use genuine GM parts and are staffed by trained technicians.

OnStar: OnStar is GM's telematics service that provides customers with a range of services, including emergency assistance, vehicle diagnostics, and remote vehicle access.

Connected services: GM's connected services include features such as remote start, remote door lock/unlock, and vehicle location tracking. These features are accessible through the MyGM mobile app.

General Motors offers a wide range of products and services to meet the needs of its customers. Whether you're looking for a fuel-efficient car, a rugged truck, or a high-performance sports car, GM has something for you. Additionally, GM's financing and maintenance services help ensure that customers can get the most out of their vehicles over the long term.


References
General Motors
Leadership team

William Durant (Founder)

Charles Mott (Founder)

Mary Barra (Chair and CEO)

Industries

Industrial Manufacturing

Products/ Services
Automobiles, Commercial vehicles
Number of Employees
Above 50,000
Headquarters
RenaissanceCenterDetroit,Michigan
Established
1908
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0001467858
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
GM
Social Media

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Sat Mar 02 2024
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