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{{Short description|American multinational automotive company}} | |||
{{otheruses4|the company|the railway station|General Motors railway station, Melbourne}} | |||
{{Use mdy dates|date=December 2023}} | |||
{{Infobox company | |||
{{Infobox_Company | |||
| name = General Motors Company | |||
| logo = General Motors (logo with wordmark, horizontal).svg | |||
| company_logo = ] | |||
| logo_size = 200 | |||
| company_type = Public ({{NYSE|GM}}) | |||
| image = GM Renaissance Center - Hôtel le plus haut en Amérique du Nord - panoramio.jpg | |||
| company_slogan = | |||
| image_size = | |||
| foundation = 1908 | |||
| image_caption = Headquarters at the ] in ] in 2013 | |||
| location_city = Detroit, Michigan | |||
| type = ] | |||
| location_country = USA | |||
| industry = ] | |||
| location = <br />manufacturing facilities in 30 U.S. states and 33 countries | |||
| ISIN = {{ISIN|sl=n|pl=y|US37045V1008}} | |||
| key_people = ], Chairman & ]<br>], Vice Chairman<br>], ]<br /> | |||
| foundation = {{unbulleted list | |||
| num_employees = 326,999 (2006) | |||
| {{Start date and age|1908|9|16}}<ref name=filing>{{cite web |title=Department of State, Division of Corporations (General Information Name Search) |url= https://icis.corp.delaware.gov/ecorp/entitysearch/namesearch.aspx | publisher=Delaware}}</ref> (original company) | |||
| industry = ] | |||
| {{Start date|2009|7|10}} (present company) | |||
| products = ]s<br>]s | |||
}} | |||
| revenue = {{profit}}$192.604 Billion ] (2005) | |||
{{Infobox | decat = yes | child = yes | |||
| net_income = {{profit}}$529 Million ] (2005) | |||
| title = | |||
| homepage = | |||
| label2= Chair & CEO | |||
| data2 = ] | |||
| label3= President | |||
| data3= ] | |||
}} | |||
| traded_as = {{unbulleted list | |||
| {{NYSE|GM}} | |||
| ] component | |||
| ] component | |||
}} | |||
| founder = ] | |||
| predecessor = ] | |||
| location = ] | |||
| location_city = ], Michigan | |||
| location_country = United States | |||
| locations = 396 facilities on six continents<ref name=10K>{{cite web | url= https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1467858/000146785824000031/gm-20231231.htm | title=General Motors Co. 2023 Form 10-K Annual Report | publisher=U.S. Securities and Exchange Commission |date=January 30, 2024}}</ref> | |||
| area_served = Worldwide | |||
| key_people = {{indented plainlist| | |||
*]<br />Chairman of the Board (1915–1929) | |||
*]<br />Director of Research (1920–1947) | |||
*]<br />CEO (1923–1946) | |||
}} | }} | ||
| products = {{unbulleted list | |||
| ] | |||
| ] | |||
| ] | |||
| ]s | |||
| ] | |||
| ] | |||
}} | |||
| production = {{increase}} 6,186,000 vehicles (sales, 2023)<ref name=10K/> | |||
| services = {{unbulleted list | |||
| ] | |||
| ] | |||
| ] | |||
}} | |||
| revenue = {{nowrap|{{increase}} {{US$|171.8 billion|link=yes}} (2023)<ref name=10K/>}} | |||
| operating_income = {{decrease}} US$9.298 billion (2023)<ref name=10K/> | |||
| net_income = {{decrease}} US$9.840 billion (2023)<ref name=10K/> | |||
| assets = {{increase}} US$273.1 billion (2023)<ref name=10K/> | |||
| equity = {{decrease}} US$68.19 billion (2023)<ref name=10K/> | |||
| num_employees = 163,000 (2023)<ref name=10K/> | |||
| brands = {{unbulleted list | |||
| ] | |||
| ] | |||
| ] | |||
| ] | |||
}} | |||
| subsid = {{Collapsible list|title='''Financial services'''| | |||
* ] | |||
* GM Insurance | |||
}} | |||
{{Collapsible list|title='''Logistics'''| | |||
* ] | |||
* GM Energy | |||
* GM Envolve | |||
* ] | |||
}} | |||
{{Collapsible list|title='''Industrial'''| | |||
* ] | |||
* ] | |||
* ] | |||
* ] | |||
* GM Subsystems Manufacturing LLC | |||
* Ultium Cells LLC | |||
}} | |||
{{Collapsible list|title='''International'''| | |||
* ] | |||
* ] | |||
* ] | |||
* ] | |||
* ] | |||
* ] | |||
* ] | |||
* ] | |||
* ] | |||
* ] | |||
** GM Technical Center Korea | |||
* ] | |||
* ] | |||
* ] | |||
* ] (50%) | |||
* ] (50%) | |||
* ] (44%) | |||
** ] | |||
}} | |||
| homepage = {{URL|gm.com}} | |||
}} | |||
'''General Motors Company''' ('''GM''')<ref name="10K" /> is an American ] ] manufacturing company headquartered in ], Michigan, United States.<ref>{{Cite web |title=General Motors {{!}} History, Deals, & Facts |url=https://www.britannica.com/topic/General-Motors-Corporation |access-date=May 2, 2022 |website=Britannica |language=en}}</ref> The company is most known for owning and manufacturing four automobile brands: ], ], ], and ], each a separate division of GM. By total sales, it has continuously been the largest automaker in the United States, and was the ] for 77 years before losing the top spot to ] in 2008.<ref name=NYT>{{cite news|url= https://www.nytimes.com/2009/01/22/business/22auto.html|title=Toyota Ahead of G.M. in 2008 Sales|first=Nick|last=Bunkley |newspaper=The New York Times |date=January 21, 2009|url-access=limited}}</ref><ref>{{cite web|url=https://www.statista.com/statistics/249375/us-market-share-of-selected-automobile-manufacturers/ |title=U.S. light vehicle market share by automotive manufacturers|website=Statista}}</ref> | |||
General Motors operates ] in eight countries. In addition to its four core brands, GM also holds interests in Chinese brands ] and ] via ].<ref name="10K" /> GM further owns ] which produces military vehicles for the United States government and military,<ref>{{cite news | url=http://www.autonews.com/article/20171009/OEM/171009800/gm-military-defense-contractor | title=General Motors establishing new military defense division | first=Michael | last=Wayland |work=Automotive News |date=October 9, 2017 | archive-date=October 9, 2020 | archive-url= https://web.archive.org/web/20201009220738/https://www.autonews.com/article/20171009/OEM/171009800/general-motors-establishing-new-military-defense-division | url-status=live}}</ref> the vehicle safety, security, and information services provider ],<ref>{{cite press release |title=Shanghai OnStar Announces Launch Date for Services in China | url= http://www.corvetteassembly.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2009/Oct/1029_onstar.html | archive-date=February 24, 2017 | archive-url=https://web.archive.org/web/20170224132027/http://www.corvetteassembly.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2009/Oct/1029_onstar.html |url-status=live}}</ref> the auto parts company ], a ], and majority ownership in the ]s enterprise ]. | |||
The company originated as a ] for ] established on September 16, 1908, by ], the largest seller of ]s at the time. The first half of the 20th century saw the company grow into an automotive behemoth through acquisitions; going into the second half, the company pursued innovation and new offerings to consumers as well as collaborations with ] to develop the earliest ]s.<ref>{{Cite web |title=GM Heritage {{!}} General Motors |url=https://www.gm.com/public/us/en/gm/home/heritage.html |access-date=September 18, 2023 |website=www.gm.com |language=en}}</ref><ref>{{Cite web |title=William Durant creates General Motors |url=https://www.history.com/this-day-in-history/william-durant-creates-general-motors |access-date=May 2, 2022 |website=History |location=US}}</ref> The current entity was established in 2009 after the ].<ref>{{Cite web |last=Bigman |first=Dan |title=How General Motors Was Really Saved: The Untold True Story Of The Most Important Bankruptcy In U.S. History |url=https://www.forbes.com/sites/danbigman/2013/10/30/how-general-motors-was-really-saved-the-untold-true-story-of-the-most-important-bankruptcy-in-u-s-history/ |access-date=May 2, 2022 |website=Forbes |language=en}}</ref> | |||
'''General Motors Corporation''', also known as '''GM''', is the world's largest car manufacturer. Founded in ], in ], GM employs approximately 327,000 people around the world. With global headquarters at the ] in ], ], ], GM manufactures its cars and trucks in 33 countries. In ], 9.17 million GM cars and trucks were sold globally under the following brands: ], ], ], ], ], ], ], ], ], ], ] and ]. GM operates a finance company, ], which offers automotive, residential and commercial financing and insurance. GM's ] subsidiary is a vehicle safety, security and information service provider. | |||
{{As of|2024}}, General Motors ranks 25th by total revenue out of all American companies on the '']'' and 50th on the '']''.<ref>{{Cite web |title=General Motors {{!}} 2023 Fortune Global 500 |url=https://fortune.com/company/general-motors/global500/ |access-date=September 18, 2023 |website=Fortune |language=en}}</ref><ref>{{cite web |title=Fortune 500: General Motors |url=https://fortune.com/company/general-motors/fortune500/ |url-status=live |archive-url=https://web.archive.org/web/20230114122810/https://fortune.com/company/general-motors/fortune500/ |archive-date=January 14, 2023}}</ref> In 2023, the company was ranked 70th in the ].<ref>{{Cite web|language=en|url=https://www.forbes.com/lists/global2000/?sh=51d599675ac0|title=The Global 2000 2023|website=Forbes|access-date=2024-02-07|archive-date=2024-01-29|archive-url=https://web.archive.org/web/20240129031905/https://www.forbes.com/lists/global2000/?sh=4f5ab07e5ac0}}</ref> In 2021, GM announced its intent to end production of vehicles using ]s by 2035, as part of its plan to achieve ] by 2040.<ref name=NYTZero>{{cite news |last1=Boudette |first1=Neal E. |last2=Davenport |first2=Coral |date=January 28, 2021 |title=G.M. Will Sell Only Zero-Emission Vehicles by 2035 |newspaper=The New York Times |url=https://www.nytimes.com/2021/01/28/business/gm-zero-emission-vehicles.html |url-access=limited}}</ref> | |||
GM is the majority shareholder in ] of ] and has product collaborations with ], ] and ] of ]. GM also has advanced technology collaborations with ] of ], ] and ] of ] and vehicle manufacturing ventures with ] of ], ] and Avtotor of ] and ] of ]. | |||
{{TOC limit|3}} | |||
GM Parts and accessories are sold under the GM, GM Performance Parts, GM Goodwrench and ACDelco brands through GM Service and Parts Operations, which supplies GM dealerships and distributors worldwide. GM engines and transmissions are marketed through GM Powertrain. GM's largest national market is the ], followed by ], ], the ], and ]. | |||
== History == | == History == | ||
{{further|History of General Motors}} | |||
] in Detroit, Michigan, is General Motors' world headquarters.]] | |||
=== Founding and consolidation === | |||
===Early history=== | |||
By 1900, ]'s ] of ], had become the largest manufacturer of ]s in the United States.<ref>{{Cite book |last=Wynn |first=Neil A. |url=https://books.google.com/books?id=m-ismXvbPkwC&pg=PA74 |title=The A to Z from the Great War to the Great Depression |date=2009 |publisher=Scarecrow Press |isbn=978-0-8108-6330-9 |language=en}}</ref> Durant was averse to automobiles, but fellow Flint businessman ], owner of ], sold him the ] in 1904.<ref name=story/> Durant formed the General Motors Company in 1908 as a ], borrowing a naming convention from ].<ref name="Kollewe">{{Cite news |url=https://www.theguardian.com/business/2009/apr/30/general-motors-gm-history |title=The history of General Motors |first=Julia |last=Kollewe |work=The Guardian |date=April 30, 2009}}</ref> GM's first acquisition was ], which Durant already owned, then ] on November 12, 1908.<ref>{{Cite web |title=The end of the road for Oldsmobile |url=https://www.history.com/this-day-in-history/the-end-of-the-road-for-oldsmobile |access-date=May 2, 2022 |website=History |location=US}}</ref> Under Durant, GM went on to acquire ], ], ], ], ] (the predecessor of ]), the ] of ], and the ] of ] (predecessors of ]) in 1909. | |||
General Motors was founded in ] in ], as a holding company for ], then controlled by ], and acquired ] later that year. The next year, Durant brought in ], ], ] and several others. In ], General Motors acquired the Reliance Motor Truck Company of ], and the Rapid Motor Vehicle Company of ], the predecessors of ] Truck. A Rapid became the first truck to conquer ] in ]. Durant lost control of GM in ] to the company's bankers, because of the large amount of debt taken on in its acquisitions. | |||
Durant, with the board's approval, also tried acquiring ], but needed an additional $2 million.<ref>{{cite web |url= https://www.autonews.com/article/20080914/OEM02/309149927/durant-almost-landed-ford-but-couldn-t-come-up-with-2-million |title=Durant almost landed Ford, but couldn't come up with $2 million |work=Automotive News |date=September 14, 2008 | url-access=subscription}}</ref> Durant over-] GM in making acquisitions, and was removed by the board of directors in 1910 at the order of the bankers who backed the loans to keep GM in business.<ref name="story">{{cite web | url=https://www.gmheritagecenter.com/docs/gm-heritage-archive/historical-brochures/Anniversaries/Story_of_General_Motors.pdf |archive-url=https://web.archive.org/web/20220108052738/https://www.gmheritagecenter.com/docs/gm-heritage-archive/historical-brochures/Anniversaries/Story_of_General_Motors.pdf |archive-date=January 8, 2022 |url-status=live | title=Story of General Motors }}</ref> The action of the bankers was partially influenced by the ] that followed the earlier enforcement of the ]. In 1911, ] of ] (DELCO) and ] invented and patented the first electric ] in America.<ref>{{cite web |date=February 15, 2012 |title=Cadillac's Electric Self Starter Turns 100 |url= https://media.gm.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2012/Feb/0215_cad_starter.html |access-date=May 2, 2022 |website=media.gm.com |language=en}}</ref> In November 1911, Durant co-founded ] with race car driver ], who left the company in 1915 after a disagreement with Durant.<ref>{{cite web |title=Louis Chevrolet {{!}} Biography & Facts |url= https://www.britannica.com/biography/Louis-Chevrolet |access-date=May 2, 2022 |website=Encyclopedia Britannica |language=en}}</ref> | |||
Durant left the firm and helped establish the ] in ] with brothers Gaston and ]. He returned to head GM in ], with financing by ]. Chevrolet entered the General Motors fold in ]; its first GM car was the ] Chevrolet 490. Du Pont removed Durant from management in ], and various Du Pont interests held large or controlling share holdings until about 1950. | |||
] | |||
In ] GM purchased the McLaughlin Motor Car Company of ], ], manufacturer of the ] automobile, and renamed it ], with ] as its first president. | |||
GM was reincorporated in ] in 1916 as General Motors Corporation and became a ] via an ]. By 1917, ] had become successful enough that Durant, with the backing of ] and ], reacquired a controlling interest in GM. The same year, GM acquired ].<ref>{{cite book |url= https://books.google.com/books?id=Zp8TAAAAIAAJ&pg=PA4308 | title=A Study of the Antitrust Laws: General Motors Corporation |author=United States Senate Committee on the Judiciary |publisher=United States Government Printing Office | year=1955}}</ref> Chevrolet Motor Company was consolidated into GM on May 2, 1918, and the same year GM acquired ], a parts supplier founded by Durant and headed by ] for $45 million, and the ], founded by ], became ] Limited.<ref>{{cite news |last=Lassa |first=Todd |date=September 15, 2008 |title=Happy 100th Birthday, General Motors |work=Motor Trend |url= https://www.motortrend.com/features/general-motors-100-year-anniversary/}}</ref><ref>{{Cite web | url=https://www.history.com/this-day-in-history/gm-buys-chevrolet | title=GM buys Chevrolet |publisher=History.com}}</ref><ref>{{cite news | url= https://www.nytimes.com/1918/02/24/archives/general-motors-finances-plan-for-absorbing-chevrolet-company.html |title=General Motors Finances; Plan for Absorbing Chevrolet Company Indicated |newspaper=The New York Times |date=February 24, 1918 |url-access=limited}}</ref> In 1919, GM acquired ], part-owned by Durant, which was renamed ]. Also in 1919, the ] (GMAC), which provides financing to automotive customers, was formed.<ref name="tarp">{{cite news | url= https://books.google.com/books?id=vqb8SDu4pv0C&pg=PA12 | title=Unique Treatment of General Motors Acceptance Corp. (GMAC) Under the TARP | publisher=Diane Publishing | first=Elizabeth | last=Warren | author-link=Elizabeth Warren | year=2011| isbn=978-1-4379-3080-1}}</ref><ref name=story/> | |||
In 1920, du Pont orchestrated the removal of Durant once again and replaced him with ].<ref>{{cite web |title=Alfred P. Sloan, Jr. |url= https://www.automotivehalloffame.org/honoree/alfred-p-sloan-jr/ |access-date=May 2, 2022 |website=automotivehalloffame.org}}</ref> At a time when GM was competing heavily with ], Sloan established annual model changes, making previous years' models "dated" and created a market for ]s.<ref>{{cite web |date=August 25, 2008 |title=Annual model change was the result of affluence, technology, advertising |url= https://www.autonews.com/article/20080914/OEM02/309149950/annual-model-change-was-the-result-of-affluence-technology-advertising |access-date=May 2, 2022 |work=Automotive News |language=en}}</ref> He also implemented the pricing strategy used by car companies today. The pricing strategy had ], ], ], ], and ] priced from least expensive to most, respectively.<ref>{{cite book |last=English |first=Paul F. |title=Safety Performance in a Lean Environment |date=2011 |publisher=CRC Press |isbn=9781439821138 |location=United Kingdom |page=3}}</ref> | |||
GM surpassed ] in the 1920s thanks to the leadership of ]. While Ford continued to refine the manufacturing process to reduce cost, Sloan was inventing new ways of managing a complex worldwide organization, while paying special attention to consumer demands. Car buyers no longer wanted the cheapest and most basic model; they wanted style, power, and prestige, which GM offered them. Thanks to consumer financing, easy monthly payments allowed far more people to buy GM cars, while ] was moralistically opposed to credit. | |||
In 1921, ], an engineer for GM, discovered ] (leaded gasoline) as an antiknock agent, and GM patented the compound because ] could not be patented.<ref>{{cite web |title=Thomas Midgley, Jr. {{!}} American chemical engineer |url= https://www.britannica.com/biography/Thomas-Midgley-Jr |access-date=May 2, 2022 |website=Encyclopedia Britannica |language=en}}</ref> This led to the development of higher compression engines resulting in more power and efficiency. The public later realized that lead contained in the gasoline was harmful to various biological organisms including humans.<ref name="Kitman">{{cite magazine |last=Kitman |first=Jamie |url= http://www.thenation.com/article/secret-history-lead?page=full | title=The Secret History of Lead | archive-url=https://web.archive.org/web/20140510105351/http://www.thenation.com/article/secret-history-lead?page=full |archive-date=May 10, 2014 |magazine=The Nation |date=March 2, 2000}}</ref> Evidence shows that corporate executives understood the health implications of ] from the beginning.<ref>{{cite magazine |last=Eschner |first=Kat |title=Leaded Gas Was a Known Poison the Day It Was Invented |url= https://www.smithsonianmag.com/smart-news/leaded-gas-poison-invented-180961368/ |magazine=Smithsonian | date=December 9, 2016}}</ref> As an engineer for GM, Midgley also developed ]s, which have now been banned due to their contribution to ].<ref>{{cite magazine |url= https://www.smithsonianmag.com/smart-news/one-man-two-deadly-substances-20th-century-180963269/ |title=One Man Invented Two of the Deadliest Substances of the 20th Century | first=Kat |last=Eschner |magazine=Smithsonian |date=May 18, 2017}}</ref> | |||
===1930s diversification=== | |||
During the 1920s and 1930s, General Motors bought control of the ] ] company, and helped create ]. They replaced intercity train transport with buses, and established subsidiary companies to buy out ] companies and replace the rail-based services as well with buses. GM formed ] in 1932 (''see ] for additional details''). | |||
Under the encouragement of GM President Alfred P. Sloan Jr., GM acquired ] for $2.5 million in 1925.<ref name="selling">{{cite news |url= https://www.freep.com/story/money/cars/general-motors/2017/03/06/look-history-opel-and-vauxhall-european-brands-gm-selling/98758574/ |title=A look at the history of Opel and Vauxhall, the European brands GM is selling |first=Brent |last=Snavely |newspaper=Detroit Free Press |date=March 6, 2017}}</ref> The company also acquired an interest in the ] the same year, and its president, ], joined the board of directors of GM; it acquired the remainder of the company in 1943.<ref name="story" /> | |||
In ], GM also began its foray into ] design and manufacturing by buying Fokker Aircraft Corp of America (U.S. subsidiary of ]) and ], merging them into General Aviation Manufacturing Corporation. Through a stock exchange GM took controlling interest in ] and merged it with its General Aviation division in ], but retaining the name North American Aviation. In 1948, GM divested NAA as a public company, never to have a major interest in the aircraft manufacturing industry again. | |||
=== Growth and acquisitions === | |||
General Motors bought the ]d ] builder ] and its engine supplier ] in 1930, renaming both as the ]. Over the next twenty years, diesel-powered locomotives — the majority built by GM — largely replaced other forms of traction on American railroads. (During ], these engines were also important in American ] and ].) Electro-Motive was sold in early 2005. | |||
In 1926, the company introduced the ] brand and established the General Motors Group Insurance Program to provide ] to its employees.<ref name="story" /> The following year, after the success of the 1927 model of the ] ] designed by ], Sloan created the "Art and Color Section" of GM and named Earl as its first director. Earl was the first design executive to be appointed to leadership at a major American corporation. Earl created a system of automobile design that is still practiced today.<ref>{{Cite journal | url=https://www.jstor.org/stable/1511626 | title=Harley Earl and the Art and Color Section: The Birth of Styling at General Motors |first=David |last=Gartman |journal=Design Issues | year=1994| volume=10 | issue=2 | pages=3–26 | doi=10.2307/1511626 | jstor=1511626 | issn = 0747-9360 }}</ref> At the age of 24, ] was recruited by Earl to the design team at GM, and he was later appointed as Chief Designer of Cadillac. After Earl retired in December 1958, Mitchell took over automotive design for GM.<ref>{{Cite news |date=October 31, 2011 |title=Bill Mitchell's design vision shaped 5 decades of GM vehicles |work=Automotive News |url= https://www.autonews.com/article/20111031/CHEVY100/310319948/bill-mitchell-s-design-vision-shaped-5-decades-of-gm-vehicles |url-access=subscription}}</ref> Also in 1926 the company acquired ], its supplier of automobile bodies.<ref>{{Cite journal |last=Coase |first=R.H. |date=April 2000 |title=The Acquisition of Fisher Body By General Motors |url=https://www.journals.uchicago.edu/doi/10.1086/467446 |journal=The Journal of Law and Economics |language=en |volume=43 |issue=1 |pages=15–32 |doi=10.1086/467446 |s2cid=154712364 |issn=0022-2186}}</ref> | |||
GM acquired ]<ref name="story" /><ref>{{cite news |date=May 25, 1929 |title=Motors Acquires Allison Company; Sloan's Announcement Says the Work on Aviation Engines Will Be "Intensified." Diesel Development Seen Race to Perfect Type Said to Be Indicated – $1,000,000 Expansion Plan Recently Made Public. To Expand Operations. $1,000,000 Airplane Contract. |newspaper=The New York Times |url=https://www.nytimes.com/1929/05/25/archives/motors-acquires-allison-company-sloans-announcement-says-the-work.html |url-access=limited}}</ref> and began developing a 1,000 horsepower liquid-cooled aircraft engine in 1929.<ref name="story" /> The same year, GM acquired 80% of ], which at that time had a 37.5% ] in Europe, for $26 million. It acquired the remaining 20% in 1931.<ref name="selling" /> | |||
===World War II=== | |||
General Motors produced vast quantities of armaments, vehicles and even ] during ]. During the war, the U.S. auto companies were concerned that the ] would nationalize American owned factories in ]. In the spring of ], the ] had assumed day to day control of American owned factories in ], but decided against nationalizing them. | |||
In the late-1920s, Charles Kettering embarked on a program to develop a lightweight ] for possible usage in automobiles.<ref>{{cite web |url= https://www.motortrend.com/reviews/0603dp-gm-diesel-history/ | title=General Motors' Diesel History – Baselines |first=Bill |last=Senefsky |work=Motor Trend |date=March 1, 2006}}</ref> Soon after, GM acquired ] and the ], and in 1941, it expanded EMC's realm to locomotive engine manufacturing.<ref>{{cite web |url= https://www.autotrader.com/car-news/general-motors-once-built-locomotives-really-good-ones-261607 | title=General Motors Once Built Locomotives – Really Good Ones |first=Aaron |last=Gold |website=Autotrader.com |date=February 7, 2017}}</ref> | |||
GM's William P. Knudson served as head of U.S. wartime production for ] ] who had referred to ] as the ]. Today, ] is the headquarters for the U.S. ] ], known as TACOM. | |||
In 1932, GM acquired ]<ref name="story" /><ref>{{cite news | url= https://www.nytimes.com/1932/04/07/archives/packard-electric-sold-shareholders-ratify-deal-with-general-motors.html | title=Packard Electric Sold; Shareholders Ratify Deal With General Motors by Stock Trade |newspaper=The New York Times | date=April 7, 1932 | url-access=limited}}</ref> (not to be confused with the ] car company, which merged with ] years later). The following year, GM acquired a controlling interest in ] and merged it with the ].<ref>{{Cite news | url= https://www.autonews.com/article/20080914/OEM/309149825/planes-trains-were-also-part-of-gm-s-grand-plan | title=Planes, trains were also part of GM's grand plan |work=Automotive News |date=September 14, 2008 |url-access=subscription}}</ref> | |||
Nevertheless, while General Motors has claimed that its German operations were outside its control during ], this assertion appears to be contradicted by available evidence. General Motors was not just a car company that happened to have factories in ]; GM management from the top down had extensive ] connections, both on a business and personal level. <ref>“Trading with the Enemy”, Charles Higham, Doubleday (December 1982).</ref> | |||
The GM labor force participated in the formation of the ] ] in 1935, and in 1936 the UAW organized the ], which initially idled two key plants in Flint, Michigan, and later spread to 6 other plants including those in ] and ]. In Flint, police attempted to enter the plant to arrest strikers, leading to violence; in other cities, the plants were shuttered peacefully. The strike was resolved on February 11, 1937, when GM recognized the UAW as the exclusive bargaining representative for its workers and gave workers a 5% raise and permission to speak in the lunchroom.<ref>{{cite web |url= https://www.history.com/this-day-in-history/sit-down-strike-begins-in-flint |title=Sit-down strike begins in Flint |work=History TV network}}</ref> | |||
American GM Vice President Graeme K. Howard (later colonel Graeme K. Howard) was a committed ], with such views expressed in his ], ''America and the New World Order''. ] awarded GM boss James D. Mooney the Order of Merit of the Golden Eagle for his services to ] ]. General Motors’ internal documents show a clear strategy to profit from their German military contracts even after the outbreak of war between ] and ]. | |||
Walter E. Jominy and A.L. Boegehold of GM invented the Jominy end-quench test for ] of carbon steel in 1937, a breakthrough in ] still in use today as ] A255.<ref>{{Cite web | url=https://www.astm.org/a0255-20a.html |title=ASTM A255-10: Standard Test Methods for Determining Hardenability of Steel | archive-url=https://web.archive.org/web/20131030082759/http://www.astm.org/Standards/A255.htm |archive-date=October 30, 2013 | publisher=ASTM International}}</ref> GM established ] the next year.<ref>{{Cite web | url=https://empoweringmichigan.com/leading-the-way-for-over-83-years/ | title=Leading the way for over 83 years | first=Lauren | last=Owings | work=DTE Energy | date=June 16, 2021}}</ref> | |||
Defending the German investment strategy as “highly profitable”, GM’s Alfred P. Sloan told shareholders in ] that GM’s continued industrial production for the ] government was merely sound business practice. In a letter to a concerned shareholder, Sloan said that the manner in which the ] government ran ] "should not be considered the business of the management of General Motors...We must conduct ourselves as a German organization. . . We have no right to shut down the plant." <ref>] and GM Scrutinized for Alleged Nazi Collaboration, ], Monday, November 30, 1998; Page A0.</ref> | |||
In 1939, the company founded Motors Insurance Corporation and entered the ] market.<ref name="tarp" /> The same year, GM introduced the ], the first affordable and successful ], for the 1940 Oldsmobile.<ref>{{cite news | url=https://www.autoweek.com/car-life/classic-cars/a30463122/selling-the-first-successful-automatic-transmission-gms-hydramatic/ | title=Selling the First Successful Automatic Transmission: GM's Hydra-Matic | first=Murilee | last=Martin |work=AutoWeek | date=April 6, 2021}}</ref><ref>{{Cite news | url= https://www.hemmings.com/stories/2014/05/16/oldsmobiles-hydra-matic-first-mass-produced-fully-automatic-transmission-turns-75 | title=Oldsmobile's Hydra-Matic, first mass-produced fully automatic transmission, turns 75 | first=Daniel | last=Strohl | work=Hemmings Motor News | date=May 16, 2014}}</ref> | |||
After 20 years of researching General Motors, Bradford Snell stated that: "General Motors was far more important to the ] war machine than ] ... ] was just a repository of looted funds. GM was an integral part of the German war effort. The Nazis could have invaded ] and ] without ]. They could not have done so without GM.” <ref>Ibid.</ref> | |||
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===Post-war growth=== | |||
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At one point GM had become the largest corporation registered in the ], in terms of its revenues as a percent of ]. In ], ], then GM president, was named by ] as ]. When he was asked during the hearings before the ] if as secretary of defense he could make a decision adverse to the interests of General Motors, Wilson answered affirmatively but added that he could not conceive of such a situation "because for years I thought what was good for the country was good for General Motors and vice versa". Later this statement was often misquoted, suggesting that Wilson had said simply, "What's good for General Motors is good for the country." At the time, GM was one of the largest employers in the world – only Soviet state industries employed more people. On ], ], General Motors became the first American corporation to make over one ] ] in a year. | |||
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|1928 ] 2-door 5-passenger Coach sedan | |||
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During ], GM produced vast quantities of armaments, vehicles, and aircraft for the ]. In 1940, GM's ] served as head of U.S. wartime production for ] ], and by 1942, all of GM's production was to support the war.<ref name="Kollewe" /> GM's ] manufactured the ] series for the Allies, instrumental in the ].<ref name=story/> However, its ] division, based in Germany, supplied the ] with vehicles. Politically, Sloan, as head of GM at the time, was an ardent opponent of the ], which bolstered ] and ]. Sloan admired and supported ].<ref>{{cite news |url= https://www.jpost.com/jewish-world/jewish-features/hitlers-carmaker | title=Hitler's carmaker | first=Edwin | last=Black |work=The Jerusalem Post |date=December 6, 2006}}</ref> Nazi armaments chief ] allegedly said in 1977 that Hitler "would never have considered invading Poland" without ] technology provided by General Motors. GM was compensated $32 million by the U.S. government because its German factories were bombed by U.S. forces during the war.<ref>{{Cite news | url=https://www.washingtonpost.com/wp-srv/national/daily/nov98/nazicars30.htm | title=Ford and GM Scrutinized for Alleged Nazi Collaboration | first=Michael | last=Dobbs |newspaper=The Washington Post |date=November 30, 1998}}</ref> | |||
===Recent history=== | |||
After GM's massive lay-offs hit ], a ] began at the General Motors parts factory in Flint on ], ], which quickly spread to five other assembly plants and lasted seven weeks. Because of the significant role GM plays in the United States, the strikes and temporary idling of many plants noticeably showed in national economic observations. | |||
Effective January 28, 1953, ], then GM president, was named by ] as ].<ref name=story/> | |||
In the late 1990s, GM had regained market share; its stock had soared to over $80 a share by 2000. However, in 2001, the stock market drop following the ], combined with historic pension underfunding, caused a severe pension and benefit fund crisis at GM and many other American companies and the value of their pension funds plummeted. A weak U.S. dollar and private health care (as opposed to nationalized health care in other countries) costs also put GM at a disadvantage to its Japanese, Korean, and European counterparts. In successive moves, GM responded to the crisis by fully funding its pension fund; however, its Other Post Employment Benefits Fund (OPEB) became a serious issue resulting in downgrades to its bond rating in 2005. The company expressed its disagreement with these bond rating downgrades. In 2006, GM responded by offering buyouts to hourly workers to reduce future liability; over 35,000 workers responded to the offer, well exceeding the company's goal. GM has gained higher rates of return on its benefit funds as a part of the solution. Stock value has begun to rebound - as of October 30, 2006 GM's ] was about $19.19 billion. GM stock began the year ] at $19 a share, near its lowest level since ], as many on ] figured the ailing automaker was bound for ]. But GM is still afloat. The company's stock in the ] industrial average has posted the biggest percentage gain in 2006.<ref> By Tom Petruno, ], Tuesday, December 26, 2006</ref>. | |||
In December 1953, GM acquired ], a manufacturer of ] for ], including ]s, ] and ]s, which later spawned the ] brand.<ref>{{cite news |url= https://www.nytimes.com/1953/08/08/archives/general-motors-moves-to-enter-field-of-offroad-heavy-trucks-offers.html |title=General Motors Moves to Enter Field of Off-Road Heavy Trucks; Offers an Exchange of Stock to the Holders of Shares of Euclid Machinery Co. |newspaper=The New York Times |date=August 8, 1953 |url-access=limited}}</ref><ref>{{cite web | url= https://www.constructionequipment.com/tangled-web-euclid-and-terex-truck-history | title=The Tangled Web of Euclid and Terex Truck History | first=Tom |last=Berry |work=Construction Equipment |date=February 4, 2014}}</ref> | |||
Since ], GM has remained the world's largest auto maker, ranked according to sales. After oil company mergers, GM's rank changed to the 5th largest company in the United States and the world in terms of sales. | |||
=== Periods of innovation === | |||
====Renault-Nissan proposal==== | |||
] retired as chairman and was succeeded by Albert Bradley in April 1956.<ref>{{cite news |url= https://www.nytimes.com/1956/04/03/archives/sloan-80-retires-as-gm-chairman-principals-in-general-motors-shift.html |title=Sloan, 80, Retires as G.M. Chairman; Principals in General Motors Shift |newspaper=The New York Times |date=April 3, 1956 |url-access=limited}}</ref> | |||
On ], ], ], whose ] was the third-largest shareholder of General Motors, proposed a failed deal for an alliance between GM and Renault & Nissan. ] has since sold off its interest in General Motors. | |||
In 1962, GM introduced the first ever ] production car in the world in the ] Turbo-Jetfire.<ref name=story/><ref>{{cite news | url= https://www.nytimes.com/2021/08/26/business/turbocharged-cars-jetfire-corvair.html |title=How G.M.'s First Turbo Engines Crashed and Burned |first=Roy |last=Furchgott |newspaper=The New York Times |date=August 26, 2021 |url-access=limited}}</ref> Two years later, the company introduced its "]" logo and trademark at the ]. The company used the mark as their main corporate identifier until 2021.<ref name="Motor Trend">{{cite web |last=Fink |first=Greg |date=January 8, 2021 |url=https://www.motortrend.com/news/gm-logo-redesign/ |title=General Motors Redesigns Its Iconic "GM" Logo for the EV Era |work=Motor Trend}}</ref> | |||
===Hughes Electronics Corporation === | |||
{{main|Hughes Aircraft}} | |||
] was formed in 1985 when ] was sold by the ] to GM for $5.2 billion. GM merged Hughes Aircraft with its ] unit to form Hughes Electronics. This division was a major aeropace and defense contractor, civilian space systems manufacturer and communications company. The aerospace/defense business was sold to ] in 1997 and the Space and Communications division was sold to ] in 2000. | |||
GM released the Electrovan in 1966, the first hydrogen ] car ever produced.<ref>{{cite book | last=Léon | first=Aline | date=2008 | title=Hydrogen Technology: Mobile and Portable Applications | url=https://books.google.com/books?id=JuGJHXj_jcwC&pg=PA287 |publisher=Springer Science+Business Media |page=287 |isbn=9783540699255 |archive-date=January 1, 2016 |archive-url= https://web.archive.org/web/20160101014836/https://books.google.com/books?id=JuGJHXj_jcwC&pg=PA287 | url-status=live}}</ref> Though fuel cells have existed since the early 1800s, General Motors was the first to use a fuel cell, supplied by ], to power the wheels of a vehicle with a budget of "millions of dollars".<ref>{{cite web | url= http://www.hydrogencarsnow.com/gm-electrovan.htm | title=1966 GM Electrovan – First Hydrogen Fuel Cell Vehicle | website=Hydrogencarsnow.com | archive-date=December 3, 2013 |archive-url= https://web.archive.org/web/20131203053316/http://www.hydrogencarsnow.com/gm-electrovan.htm |url-status=live}}</ref><ref>{{cite news |last=Truett |first=Richard |title=Fuel cell expert takes the long view | url=https://www.autonews.com/article/20020916/SUB/209160740/fuel-cell-expert-takes-the-long-view |work=Automotive News |date=September 16, 2002 |archive-date=December 14, 2018 |archive-url= https://web.archive.org/web/20181214121331/https://www.autonews.com/article/20020916/SUB/209160740/fuel-cell-expert-takes-the-long-view|url-status=live}}</ref><ref>{{cite news |url= https://www.mercurynews.com/2007/06/15/gm-executive-says-hydrogen-powered-cars-could-be-on-road-in-several-test-markets-in-6-years/ | title=GM executive says hydrogen-powered cars could be on road in several test markets in 6 years |work=Mercury News |agency=Associated Press |date=June 15, 2007 | archive-date=March 8, 2017 | archive-url=https://web.archive.org/web/20170308151320/http://www.mercurynews.com/2007/06/15/gm-executive-says-hydrogen-powered-cars-could-be-on-road-in-several-test-markets-in-6-years/ | url-status=live}}</ref> | |||
General Motors acquires Hughes Aircraft Company, regarded as one of the leading defense electronics firms in the world. It is to remain independently managed as a subsidiary of Hughes Electronics Corporation - a new wholly-owned subsidiary of General Motors. Delco Electronics Corporation becomes a subsidiary of Hughes Electronics Corporation. | |||
] using the advertising slogan ''"Putting you first, keeps us first"'']] | |||
General Motors still owns part of the Hughes Research Laboratories, which is now co-owned by Boeing, General Motors, and Raytheon. | |||
In the 1960s, GM was an early proponent of ]s, but quickly lost interest as the popularity of ]s increased. GM demonstrated ] vehicles powered by ], an area of interest throughout the industry, but abandoned the alternative engine configuration due to the ].<ref>{{cite web | url=http://www.conklinsystems.com/firebird/mlife.php | title=America's First Turbine Car | publisher=Conklin Systems | date=November 21, 1952 | archive-date=September 27, 2011 | archive-url=https://web.archive.org/web/20110927183610/http://www.conklinsystems.com/firebird/mlife.php | url-status=live}}</ref> | |||
In partnership with ], GM's Delco Defense Electronics Division designed the ], which traversed the surface of the Moon, in 1971.<ref>{{cite news | last=Rechtin | first=Mark | title=GM's most widely traveled 1971 model was built for the moon | url= http://www.autonews.com/article/20080914/OEM06/309149969/gms-most-widely-traveled-1971-model-was-built-for-the-moon | date=September 14, 2008 |work=Automotive News | archive-date=October 9, 2020 |archive-url= https://web.archive.org/web/20201009220736/https://www.autonews.com/article/20080914/OEM06/309149969/gm-s-most-widely-traveled-1971-model-was-built-for-the-moon | url-status=live}}</ref><ref>{{cite news | url= https://www.cnn.com/2021/06/16/business/gm-lockheed-martin-lunar-rover/index.html | title=The 1970s moon buggies are still up there. GM and Lockheed Martin want to make new ones | first=Peter | last=Valdes-Dapena |work=CNN |date=June 17, 2021}}</ref> The following year, GM produced the first rear wheel ] for two models: the Toronado and Eldorado.<ref>{{cite news |url= https://www.roadandtrack.com/car-culture/car-accessories/a22811340/anti-lock-brakes-the-first-technology-to-help-you-avoid-a-crash-turn-40/ | title=Anti-Lock Brakes, The First Technology to Help You Avoid a Crash, Turn 40 |first=Mate |last=Petrany |work=Road & Track |date=August 24, 2018}}</ref> | |||
== Auto racing == | |||
In 1973, the Oldsmobile Toronado was the first retail car sold with a passenger ].<ref>{{cite news | url= https://www.thoughtco.com/history-of-airbags-1991232 |title=Automotive Airbag History and Invention | first=Mary | last=Bellis |work=Dotdash |date=August 9, 2019 |archive-date=July 14, 2017 |archive-url=https://web.archive.org/web/20170714234135/https://www.thoughtco.com/history-of-airbags-1991232 | url-status=live}}</ref><ref>{{cite news | url=https://www.nytimes.com/1973/08/02/archives/gm-to-offer-airbags-as-option-on-some-74-cars.html |title=G.M. to Offer Air Bags as Option on Some '74 Cars |newspaper=The New York Times |date=August 2, 1973 |url-access=limited}}</ref> | |||
General Motors has an extensive history in numerous forms of racing. Vehicles of most, if not all, of GM's brands have been represented in competition, with perhaps ] being the most prominent. In particular, the ] has long been popular and successful in international road racing. GM also is a supplier of racing components, such as engines, transmissions, and electronics. | |||
GM's ] engine platform was successful in open-wheel Indy-style racing throughout the 1990s, winning many races in the small ] class. An unmodified Aurora V-8 in the Aerotech, captured 47 world records, including the record for speed endurance in the Motorsports Hall of Fame of America. Recently, the ] has entered motorsports racing. GM has also used many cars in the American racing series ]. Currently the ] is the only entry in the series but in the past the ], ], ], ] and ] were also used. | |||
] became CEO of the company, succeeding Richard C. Gerstenberg in November 1974.<ref>{{cite news |url= https://www.nytimes.com/2006/01/19/business/thomas-murphy-90-leader-of-gm-in-1970s-prosperity-dies.html |title=Thomas Murphy, 90, Leader of G.M. in 1970's Prosperity, Dies | first=Jeremy W. |last=Peters |newspaper=The New York Times |date=January 19, 2006 |url-access=limited}}</ref><ref>{{cite news |url= https://www.nytimes.com/2002/07/26/business/richard-c-gerstenberg-92-gm-official.html | title=Richard C. Gerstenberg, 92, G.M. Official |agency=Associated Press |newspaper=The New York Times |date=July 26, 2002 |url-access=limited}}</ref> | |||
In touring cars (mainly in ]) ] is a key player and former champion in the ] (BTCC) series and competes with a ] in BTC spec. ] is one of the three participants in the ] series (along with ] and ]) and is a former champion and competes with a unique 500 ] vehicle that resmbles the ]. ] competes with a ] in the ] ] (WTCC). | |||
GM installed its first ]s in its 1975 models.<ref>{{Cite news | url= https://www.autonews.com/article/20080914/OEM/309149832/gm-fought-safety-emissions-rules-but-then-invented-ways-to-comply | title=GM fought safety, emissions rules, but then invented ways to comply |work=Automotive News |date=September 14, 2008 | url-access=subscription}}</ref> | |||
In ], there is the prestigious V8 Supercar Championship which is battled out by the two main rivals of ]& ]. The current ] Racing Team cars are based on the ] and run a 5.0-litre V8-cylinder engine producing 600+BHP (approx 500Kw Power) @ 7500rpm). These cars have a top speed of 300+km/h (200mph) and run 0-100km/h in less than 4 seconds. In ], The ] Racing Team again carried the mantle as Australia's most successful team in Australian Touring Car History. | |||
From 1978 to 1985, GM pushed the benefits of ]s and ] technologies. However, it had disastrous results due to poor durability in the ] diesels and drivability issues in the ] V8-6-4 variable-cylinder engines.<ref>{{cite news |url= https://www.nytimes.com/2008/05/18/automobiles/collectibles/18RUST.html | title=G.M.'s Dreadful Engines Gave Diesels a Bad Name |first=Rob |last=Sass |newspaper=The New York Times |date=May 18, 2008 |url-access=limited}}</ref> | |||
== Corporate structure and leadership == | |||
General Motors is structured into the following groups: | |||
*GM Automotive | |||
**GMAP - Asia Pacific | |||
**GME - Europe | |||
**GMLAAM - Latin America Africa Mid-East | |||
**GMNA - North America | |||
*GMAC Finance and insurance services | |||
*Other Operations | |||
Current members of the ] of General Motors are: ], ], ], ], ], ], ], ], ], ], and ] (chairman). Jerome York, who was elected to the board on ], ] to represent ] abruptly resigned on ], ], following the decision by GM to break off talks about an alliance with ] and ]. | |||
GM sold Frigidaire in 1979. Although Frigidaire had between $450 million and $500 million in annual revenues, it was losing money.<ref>{{cite news |url= https://www.nytimes.com/1979/02/01/archives/gm-to-sell-frigidaire-to-white-consolidated.html | title=G.M. to Sell Frigidaire To White Consolidated |first=Reginald |last=Stuart |newspaper=The New York Times |date=February 1, 1979 |url-access=limited}}</ref> | |||
Rick Wagoner is also the ] of the company (since ], ]), succeeding ] | |||
] | |||
==== Chairmen of the Board of General Motors ==== | |||
Robert Lee of GM invented the ], which was fabricated by rapid solidification, in 1984.<ref>{{cite web |last=Lee |first=Robert |title=Iron-Rare Earth-Boron Permanent US Patent # 4,792,367 | url=https://patents.google.com/patent/US4792367 |date=December 20, 1988 | archive-date=March 8, 2017 | archive-url=https://web.archive.org/web/20170308141154/https://www.google.com/patents/US4792367 | url-status=live}}</ref> This magnet is commonly used in products like a computer hard disk. The same year, GM acquired ] for $2.5 billion from ] as part of a strategy by CEO ] to derive at least 10% of its annual worldwide revenue from non-automotive sources.<ref>{{Cite news | url=https://www.washingtonpost.com/archive/politics/1984/06/29/gm-perot-computer-firm-agree-on-25-billion-merger/88790acf-6b14-4504-af8f-6c874ed27e97/ | title=GM, Perot Computer Firm Agree on $2.5 Billion Merger | first1=Warren | last1=Brown | first2=Michael | last2=Schrage |newspaper=The Washington Post | date=June 29, 1984 | url-access=limited}}</ref> GM also intended to have EDS handle its bookkeeping, help computerize factories, and integrate GM's computer systems. The transaction made Ross Perot the largest shareholder of GM; however, disagreements with Roger Smith led the company to buy all shares held by Ross Perot for $750 million in 1986.<ref>{{cite news |url= https://www.freep.com/story/money/cars/general-motors/2019/07/09/ross-perot-gm-roger-smith/1682342001/ | title=How Ross Perot became GM's biggest shareholder – and a bitter battle took off |first=Jamie L. |last=LaReau |newspaper=Detroit Free Press |date=July 9, 2019}}</ref> | |||
Chairmen of the Board of General Motors<ref></ref> | |||
In a continuation of its diversification plans, GMAC formed GMAC Mortgage and acquired Colonial Mortgage as well as the servicing arm of Norwest Mortgage in 1985. This acquisition included an $11 billion mortgage portfolio.<ref>{{cite news| title=GMAC Buying Mortgage Portfolio| url=https://www.chicagotribune.com/news/ct-xpm-1985-03-14-8501150290-story.html | first=William | last=Gruber |newspaper=Chicago Tribune | date=March 14, 1985}}</ref> The same year, GM acquired the ] for $5 billion in cash and stock and merged it into ].<ref>{{cite news |url= https://www.nytimes.com/1985/06/06/us/gm-to-acquire-hughes-aircraft-in-5-billion-bid.html |title=G.M. to Acquire Hughes Aircraft in $5 Billion Bid |first=Robert J. |last=Cole |newspaper=The New York Times |date=June 6, 1985 |url-access=limited}}</ref> The following year, GM acquired 59.7% of ], a British producer of high-performance ]s.<ref>{{cite news |url= https://www.nytimes.com/1986/01/23/business/gm-acquires-59.7-of-lotus.html | title=G.M. Acquires 59.7% of Lotus |newspaper=The New York Times |date=January 23, 1986 |url-access=limited}}</ref> | |||
*Thomas Neal Nov.19,1912 - Nov. 16, 1915 | |||
*] Nov.16,1915 - Feb. 7, 1929 | |||
*Lammot du Pont Feb.7, 1929 - May 3, 1937 | |||
*] May 3,1937 - April 2, 1956 | |||
*Albert Bradley April 2, 1956 - Aug. 31, 1958 | |||
*Frederic G. Donner Sept. 1, 1958 - Oct. 31, 1967 | |||
*James M. Roche Nov. 1, 1967 - Dec. 31, 1971 | |||
*Richard C. Gerstenberg Jan. 1, 1972 - Nov. 30, 1974 | |||
*Thomas A. Murphy Dec. 1, 1974 - Dec. 31, 1980 | |||
*] Jan. 1, 1981 - July 31, 1990 | |||
*] Aug. 1, 1990 - Nov. 1, 1992 | |||
*John G. Smale Nov. 2, 1992 - Dec. 31, 1995 | |||
*] Jan. 1, 1996 - April 30, 2003 | |||
*] May 1, 2003 - Present | |||
In 1987, in conjunction with ], GM built the ], which won the inaugural ] and was a showcase of advanced technology. Much of the technology from Sunraycer found its way into the Impact prototype electric vehicle (also built by Aerovironment) and was the predecessor to the ].<ref>{{cite web|title=General Motors 'SunRaycer' |url= https://americanhistory.si.edu/collections/search/object/nmah_1299505 | publisher=Smithsonian Institution |archive-date=March 12, 2017 | archive-url= https://web.archive.org/web/20170312034108/http://americanhistory.si.edu/collections/search/object/nmah_1299505 |url-status=live}}</ref> | |||
==== Chief Executive Officers of General Motors ==== | |||
Chief Executive Officers of General Motors<ref></ref> | |||
In 1988, GM acquired a 15% stake in ].<ref>{{cite news |url= https://www.nytimes.com/1988/08/15/business/gm-acquires-15-stake.html |title=G.M. Acquires 15% Stake |newspaper=The New York Times | date=August 15, 1988 | url-access=limited}}</ref> | |||
*] May 10, 1923 - June 3, 1946 | |||
*Charles E. Wilson June 3, 1946 - Jan. 26, 1953 | |||
*Harlow H. Curtice Feb. 2, 1953 - Aug. 31, 1958 | |||
*Frederic G. Donner Sept. 1, 1958 - Oct. 31, 1967 | |||
*James M. Roche Nov. 1, 1967 - Dec. 31, 1971 | |||
*Richard C. Gerstenberg Jan. 1, 1972 - Nov. 30, 1974 | |||
*Thomas A. Murphy Dec. 1, 1974 - Dec. 31, 1980 | |||
*] Jan. 1, 1981 - July 31, 1990 | |||
*] Aug. 1, 1990 - Nov. 1, 1992 | |||
*] Nov. 2, 1992 - May 31, 2000 | |||
*] June 1, 2000 - Present | |||
In 1989, GM acquired half of ]'s car operations for $600 million.<ref>{{cite news | url= https://www.washingtonpost.com/archive/business/1989/12/16/gm-agrees-to-buy-half-of-saabs-car-operations/a400db95-6130-4613-baba-50592453eb7f/ |title=GM Agrees to Buy Half of Saab's Car Operations |first=Warren |last=Brown |newspaper=The Washington Post |date=December 16, 1989}}</ref> | |||
==== Presidents of General Motors ==== | |||
Presidents of General Motors <ref></ref> | |||
=== Sales of assets === | |||
*] Sept. 22, 1908 - Oct. 20, 1908 | |||
In August 1990, ] became CEO of the company, succeeding ].<ref>{{Cite news |url= https://www.nytimes.com/1990/04/04/business/gm-picks-its-next-chairman.html | title=G.M. Picks Its Next Chairman | first=Doron P. |last=Levin |newspaper=The New York Times |date=April 4, 1990 |url-access=limited}}</ref> GM cut output significantly and suffered losses that year due to the ].<ref>{{Cite news | url=https://www.nytimes.com/1990/11/30/business/gm-cuts-output-in-the-latest-sign-of-economic-slump.html | title=G.M. Cuts Output in the Latest Sign of Economic Slump | first=Doron P. | last=Levin |newspaper=The New York Times |date=November 30, 1990 | url-access=limited}}</ref> | |||
*] Oct. 20, 1908 - Nov. 23, 1910 | |||
*] Nov. 23, 1910 - Jan. 26, 1911 | |||
*] Jan. 26, 1911 - Nov. 19, 1912 | |||
*] Nov. 19, 1912 - June 1, 1916 | |||
*] June 1, 1916 - Nov. 30, 1920 | |||
*] Nov. 30, 1920 - May 10, 1923 | |||
*] May 10, 1923 - May 3, 1937 | |||
*] May 3, 1937 - Sept. 3, 1940 | |||
*] Jan. 6, 1941 - Jan. 26, 1953 | |||
*] Feb. 2, 1953 - Aug. 31, 1958 | |||
*] Sept. 1, 1958 - May 31, 1965 | |||
*] June 1, 1965 - Oct. 31, 1967 | |||
*] Nov. 1, 1967 - Sept. 30, 1974 | |||
*] Oct. 1, 1974 - Jan. 31, 1981 | |||
*] Feb. 1, 1981 - Aug. 31, 1987 | |||
*] Sept. 1, 1987 - July 31, 1990 | |||
*] Aug. 1, 1990 - April 6, 1992 | |||
*] April 6, 1992 - Oct. 5, 1998 | |||
*] Oct. 5, 1998 - April 30, 2003 | |||
In 1990, GM debuted the ] (Impact) concept, a ], at the ]. It was the first car with zero emissions marketed in the US in over three decades. The Impact was produced as the ] for the 1996 model year and was available only via lease from certain dealers in California and Arizona. In 1999–2002, GM ceased production of the vehicles and started to not renew the leases, disappointing many people, allegedly because the program would not be profitable and would ] its existing business. All of the EV1s were eventually returned to General Motors, and except for around 40 which were donated to museums with their electric powertrains deactivated, all were destroyed. The documentary film '']'' covered the EV1 story.<ref>{{cite news | url= https://www.cbsnews.com/news/could-the-electric-car-save-us/ | title=Could the electric car save us? |work=CBS News | date=September 6, 2007 |archive-date=August 29, 2013 | archive-url= https://web.archive.org/web/20130829092212/http://www.cbsnews.com/stories/2007/09/06/sunday/main3239838.shtml | url-status=live}}</ref> | |||
== Corporate issues == | |||
=== Social policies === | |||
General Motors was named one of the 100 Best Companies for Working Mothers in 2004 by ''Working Mothers'' magazine.{{Fact|date=February 2007}} GM has also given millions of dollars in computers to colleges of Engineering through its PACE Awards program.{{Fact|date=February 2007}} | |||
In November 1992, ] became CEO of the company.<ref>{{Cite news | url= https://www.nytimes.com/1995/07/09/business/jack-and-john-2-for-the-road-at-gm.html | title=Jack and John: 2 for The Road At G.M. |first=Judith H. |last=Dobrzynski |newspaper=The New York Times |date=July 9, 1995 | url-access=limited}}</ref> | |||
=== Environment and alternative vehicles === | |||
General Motors has long worked on alternative-technology vehicles, and has recently led the industry with clean burning Flex Fuel vehicles that can run on either E-85 (ethanol) or ]. The company was the first to use ]s and was an early proponent of ] engines in the 1960s, but quickly lost interest as the ] race took hold. They demonstrated ] vehicles powered by ], an area of interest throughout the industry in the late 1950s, but despite extensive thermal recycling (developed by Chrysler) the fuel consumption was too high and starting torque too low for everyday use. They were also an early licensee of ] technology, even developing the ] around the powerplant, but abandoned the alternative engine configuration in view of the ]. In the 1970s and 1980s, GM pushed the benefits of ] engines and ] technologies with disastrous results due to poor durability in the ] diesels and drivability issues in the ] 4-6-8 variable cylinder engines. In ] GM, in conjunction with ] built the ] which won the inaugural ] and was a showcase of advanced technology. Much of the technology from ] found its way into the Impact prototype electric vehicle (also built by ] and was the predecessor to the ]. | |||
In 1993, GM sold ] to ].<ref>{{Cite news | url=https://www.nytimes.com/1993/08/28/business/company-news-gm-sells-its-lotus-group-to-bugatti.html | title=Company News; G.M. Sells its Lotus Group to Bugatti |agency=Bloomberg News |newspaper=The New York Times |date=August 28, 1993 | url-access=limited}}</ref> | |||
In ], GM introduced the ], the first modern mass-produced ], which was available by lease only (see below: ]). Despite the positive publicity generated by this vehicle and a long waiting list for the cars, the company cancelled the program after only a tiny production run, reportedly due to a "lack of consumer interest". GM forced the return of EV1 vehicles even though some owners wanted to keep them. The story of GM's non-support for its own product is portrayed in the ] documentary, ]. | |||
In 1996, in a return to its automotive basics, GM completed the ] of ].<ref>{{Cite news | url=https://www.nytimes.com/1995/08/08/business/worldbusiness/IHT-gm-will-sell-eds-to-return-to-auto-basics.html | title=GM Will Sell EDS to Return To Auto Basics | first=Lawrence | last=Malkin |newspaper=The New York Times | date=August 8, 1995 | url-access=limited}}</ref><ref>{{cite news | url= https://www.latimes.com/archives/la-xpm-1996-04-02-fi-54010-story.html | title=GM Board OKs Divestiture of Electronic Data Systems Unit | first=Donald W. |last=Nauss |newspaper=Los Angeles Times |date=April 2, 1996 | url-access=limited}}</ref> | |||
==== Hybrid initiative ==== | |||
In ] ], GM delivered the world's first full sized hybrid pickups, and introduced a hybrid passenger car. In ], the ] ] ] ] was introduced. The ] ] was the first hybrid passenger vehicle from GM and is also a mild design. GM has hinted at new hybrid technologies to be employed that will be optimized for higher speeds in ] driving. Future hybrid vehicles should include the 2007 ], the ] and an updated ] based an ] design like the ]. GM has recently introduced the concept Chevrolet Volt which is a plug-in hybrid. | |||
In 1997, GM sold the military businesses of ] to ] for $9.5 billion in stock and the assumption of debt.<ref>{{cite news | url= https://www.nytimes.com/1997/01/17/business/gm-to-sell-a-hughes-unit-to-raytheon.html |title=G.M. to Sell A Hughes Unit To Raytheon |first=James |last=Sterngold |newspaper=The New York Times |date=January 17, 1997 |url-access=limited}}</ref><ref>{{cite news | url= https://www.washingtonpost.com/archive/business/1997/01/17/raytheon-to-buy-hughes-from-gm-for-95-billion/bbfa92aa-06d0-49c1-9076-82984cbf521a/ |title=Raytheon to Buy Hughes from GM for $9.5 Billion | first=John |last=Mintz |newspaper=The Washington Post |date=January 17, 1997}}</ref><ref>{{cite news | url= https://www.wsj.com/articles/SB853446697700142000 |title=GM's Board Approves Sale Of Hughes Unit to Raytheon |first1=Steven |last1=Lipin |first2=Gabriella |last2=Stern |newspaper=The Wall Street Journal |date=January 17, 1997 |url-access=subscription}}</ref><ref>{{cite news |url= https://money.cnn.com/1997/01/16/deals/hughes/| title=Raytheon wins Hughes bid |work=CNN |date=January 16, 1997}}</ref> | |||
GM’s current hybrid models: | |||
*2007 ] | |||
In February 2000, ] was named CEO, succeeding Smith.<ref>{{Cite news | url= https://www.upi.com/Archives/2000/02/02/General-Motors-names-Wagoner-CEO/6130949467600/ | title=General Motors names Wagoner CEO | work=United Press International | date=February 2, 2000}}</ref><ref>{{cite news | url=https://www.washingtonpost.com/archive/business/2000/02/03/gm-appoints-wagoner-as-ceo/3232b4cc-5227-429a-8506-9868e09884af/ |title=GM Appoints Wagoner As CEO | first1=Frank | last1=Swoboda | first2=Warren |last2=Brown | newspaper=The Washington Post | date=February 3, 2000}}</ref> The next month, GM gave 5.1% of its common stock, worth $2.4 billion, to acquire a 20% share of ].<ref>{{cite news | url= https://www.washingtonpost.com/archive/business/2000/03/14/gm-to-acquire-20-stake-in-fiat/95c5c9ae-7201-453c-b177-28178943ec3c/ | title=GM to Acquire 20% Stake in Fiat | first=Warren | last=Brown |newspaper=The Washington Post |date=March 14, 2000}}</ref> | |||
There is a GM hybrid powered bus: GM Magic Bus <ref>http://www.gm.com/company/gmability/adv_tech/300_hybrids/index_bus.html </ref> | |||
In December 2000, GM announced that it would begin phasing out ]. The brand was eventually discontinued in 2004, seven years after it had become the first American car brand to turn 100.<ref>{{cite news | url= https://www.nytimes.com/2004/06/06/automobiles/behind-the-wheel-2004-oldsmobile-alero-not-with-a-bang-but-a-whimper.html | title=BEHIND THE WHEEL/2004 Oldsmobile Alero; Not With a Bang but a Whimper | first=James | last=Cobb |newspaper=The New York Times |date=June 6, 2004}}</ref> | |||
====Hydrogen initiative ==== | |||
GM has prided its research and prototype development of ], to be produced in early 2010, using a support infrastructure still in a prototype state. The economic feasibility of the technically challenging hydrogen car, and the low-cost production of hydrogen to fuel it, has also been discussed by other automobile manufacturers such as Ford and Chrysler. | |||
{{Gallery | |||
===Marketing=== | |||
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At one time, each of GM's automotive divisions were targeted to specific market segments and despite some shared components, each distinguished itself from its stablemates with unique styling and technology. The shared components and common corporate management created substantial ], while the distinctions between the divisions created an orderly upgrade path, with an entry-level buyer starting out with a practical and economical ] and moving through offerings of the different divisions until the purchase of a ]. The divisions were not ] with each other as much as passing along the same customer who would thus always be buying a GM product. | |||
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|] | |||
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|The ] | |||
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|The ], an ], was introduced in California in 1996. | |||
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In May 2004, GM delivered the first full-sized ] ]s, the 1/2-ton ]/] trucks.<ref>{{cite news | url=https://www.forbes.com/wheels/cars/chevrolet/silverado-1500/ | title=2004 Chevy Silverado LS1500 4WD Extended-Cab Hybrid | last=Frank | first=Michael |work=Forbes | archive-date=February 28, 2018 | archive-url= https://web.archive.org/web/20180228224829/https://www.forbes.com/2004/08/20/cx_mf_0823test.html#7f22900e6033 | url-status=live}}</ref> These ]s did not use electrical energy for propulsion, like GM's later designs. Later, the company debuted another hybrid technology, co-developed with ] and ], in diesel-electric hybrid powertrain manufactured by ] for transit buses.<ref>{{cite news | url=https://www.autonews.com/article/20080616/OEM01/306169955/gm-s-two-mode-hybrid-system-scores-with-transit-agencies | title=GM's Two Mode hybrid system scores with transit agencies | first=Jack | last=Herman |work=Automotive News | date=June 16, 2008 | url-access=subscription}}</ref> Continuing to target the diesel-hybrid market, the ] ] ] ] was rolled out in January 2005.<ref>{{Cite news | url=https://www.caranddriver.com/news/a15131615/opel-astra-diesel-hybrid-concept-auto-shows/ | title=Opel Astra Diesel Hybrid Concept | first=Ron | last=King |work=Car and Driver |date=January 1, 2005}}</ref> Later that year, GM sold its ] locomotive division to ]s ] and Greenbriar Equity Group.<ref>{{Cite news | url=https://www.joc.com/rail-intermodal/gm-sells-locomotive-manufacturer_20050405.html | title=GM Sells Locomotive Manufacturer |work=The Journal of Commerce | date=April 5, 2005 | url-access=limited | access-date=January 9, 2022 | archive-date=January 9, 2022 | archive-url= https://web.archive.org/web/20220109215351/https://www.joc.com/rail-intermodal/gm-sells-locomotive-manufacturer_20050405.html | url-status=dead }}</ref><ref>{{Cite news | url=https://www.chicagotribune.com/news/ct-xpm-2005-01-13-0501130291-story.html | title=GM to sell area locomotive unit | first=James P. | last=Miller |newspaper=Chicago Tribune |date=January 13, 2005 | url-access=limited}}</ref> | |||
The postwar automobile industry became enamored with the concept of "]", implemented by both technical and styling innovations with a typical 3-year product cycle. In this cycle, a new basic body shell is introduced and then modified for the next two years with minor styling changes. GM, ], and ] competed vigorously in this new restyling environment. | |||
GM paid $2 billion to sever its ties with ] in 2005, severing ties with the company due to an increasingly contentious dispute.<ref>{{cite news | url=https://www.nytimes.com/2005/02/14/business/worldbusiness/gm-will-pay-2-billion-to-sever-ties-to-fiat.html | title=G.M. Will Pay $2 Billion to Sever Ties to Fiat | first=Danny | last=Hakim |newspaper=The New York Times | date=February 14, 2005 | url-access=limited}}</ref> | |||
By ], the divisional distinctions within GM began to blur with the availability of high-performance engines in ] and ]. The introduction of higher trim models such as the ] and ] priced in line with some ] and ] offerings was also confusing to consumers. By the time ], ] and ] introduced similarly styled and priced compact models in ], the old "step-up" structure between the divisions was nearly over. | |||
GM began adding its "]" emblem on all new vehicles produced and sold in North America in mid-2005. However, after the reorganization in 2009, the company no longer added the logo, saying that emphasis on its four core divisions would downplay the GM logo.<ref>{{cite news | last=Johnson | first=Kimberly S. |url=https://www.usatoday.com/money/autos/2009-08-25-gm-logo_N.htm | title=GM To Remove Its Mark from Vehicles To Emphasize Brand |work=USA Today |date=August 27, 2009 |archive-date=August 28, 2009 | archive-url=https://web.archive.org/web/20090828151812/http://www.usatoday.com/money/autos/2009-08-25-gm-logo_N.htm | url-status=live}}</ref><ref>{{cite news | url=http://content.usatoday.com/communities/driveon/post/2009/08/68497806/1 | title=General Motors to remove its 'Mark of Excellence' logos from new cars – Drive On: A conversation about the cars and trucks we drive |work=USA Today |date=August 26, 2009 |archive-date=September 28, 2011 | archive-url= https://web.archive.org/web/20110928070016/http://content.usatoday.com/communities/driveon/post/2009/08/68497806/1 | url-status=live}}</ref> | |||
The 1960s saw the creation of compact and intermediate classes. The ] was a 6-cylinder answer to the ], the Chevy II was created to match Ford's conventional ] and the ]/] was GMs counter measure to the ]. Among intermediates, the ] nameplate became so popular during the 1970s that ] would applied the Cutlass name to most of its products in the 1980s. By the mid 1960s, most of GM's vehicles were built on a few common ''platforms'' and in the 1970s GM began to use nearly identical body panel stampings, differing only in internal and external trim items. | |||
In 2005, ] was promoted to the newly created position of vice president, GM Global Design, making him the first African American to lead a global automotive design organization and the highest-ranking African American in the US motor industry at that time. On July 1, 2016, he retired from General Motors after 44 years. He was replaced by ].<ref>{{cite news |url= https://autoweek.com/article/car-news/general-motors-design-boss-ed-welburn-retire-july-1 |title=GM Design boss Ed Welburn retiring July 1 |work=Autoweek |date=April 7, 2016 | archive-date=February 28, 2019 | archive-url=https://web.archive.org/web/20190228070904/https://autoweek.com/article/car-news/general-motors-design-boss-ed-welburn-retire-july-1 | url-status=live}}</ref><ref>{{cite web | url= https://www.caranddriver.com/news/a15347774/general-motors-design-chief-ed-welburn-retiring-after-44-years/ |title=General Motors Design Chief Ed Welburn Retiring after 44 Years |first=Clifford | last=Atiyeh |work=Car and Driver |date=April 7, 2016}}</ref> | |||
The ] ] was GMs launch into the new subcompact class. Problems associated with its innovative ] engines would damag GMs reputation more than perhaps any other vehicle in its history. During the late 1970s, GM would initiate a wave of ] starting with the ] which was reborn into what was the size of the ], the Malibu would be the size of the Nova, and the Nova was replaced by the troubled front-wheel drive Citation. | |||
In 2006, GM introduced a bright yellow fuel cap on its vehicles to remind drivers that cars can operate using ] ].<ref>{{cite news | url= https://www.usatoday.com/money/autos/environment/2007-05-05-ethanolvehicles_N.htm | title='Flex-fuel' Vehicles Touted |work=USA Today |first=Ken |last=Thomas |date=May 7, 2007|archive-date=September 16, 2008| archive-url= https://web.archive.org/web/20080916144126/http://www.usatoday.com/money/autos/environment/2007-05-05-ethanolvehicles_N.htm| url-status=live}}</ref> They also introduced another hybrid vehicle that year, the ].<ref>{{cite web | url= https://www.autoweek.com/news/a2061346/2006-saturn-vue-green-line-going-green-saturn-debuts-gms-newest-hybrid/ | title=2006 Saturn Vue Green Line: Going Green: Saturn Debuts GM's Newest Hybrid |first=Larry | last=Edsall |work=Autoweek |date=January 8, 2006}}</ref> | |||
By the 1980s, GM frequently "rebadged" one division's successful vehicle into several models across the divisions, all positioned close to one another in the market place. Thus a new GM model's main competition might be another model spawned off the same platform. This led to market "]" with the divisions spending time stealing sales from one another. Even today, the company's GMT360 mid-sized light truck platform has spawned the basic ], ], ], ], ] and ]. Though each model had a more or less unique mission, the trucks can hardly be discerned from one another. | |||
In 2008, General Motors committed to engineering half of its manufacturing plants to be landfill-free by recycling or reusing waste in the manufacturing process.<ref>{{cite press release |title=GM Surpasses Landfill-Free Facilities Commitment | url=http://media.gm.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2010/Dec/1213_landfill.html | publisher=General Motors | archive-date=August 7, 2017 | archive-url=https://web.archive.org/web/20170807113946/http://media.gm.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2010/Dec/1213_landfill.html |url-status=live}}</ref> Continuing their environmental-conscious development, GM started to offer the ] system in the ], ], ], and ]s.<ref>{{cite news | url= https://www.nytimes.com/2008/04/27/automobiles/autoreviews/27AUTO.html | title=Big S.U.V.'s Drink Less |first=Bob |last=Knoll |newspaper=The New York Times |date=April 27, 2008 | url-access=limited}}</ref> | |||
In the late 1990s, the U.S. economy was on the rise and GM and ] gained market share producing enormous profits primarily from the sale of light trucks and sport-utility vehicles. From ] to ], the ] in a move to quell the stock market, made twelve successive interest rate increases. Following the ], a severe stock market decline magnified the effect of GM's history pension and benefit fund underfunding, precipitating a crisis. At the same time, this crisis happened at other U.S. companies with similar histories, such as ], ], and ]. GM began its ''Keep America Rolling'' campaign, which boosted sales, and other auto makers were forced to follow suit. The U.S. automakers saw gross margins deteriorate. | |||
In late 2008, the world's largest ] was installed at GM's manufacturing plant in ]. The Zaragoza solar installation has about {{convert|2000000|sqft|m2}} of roof at the plant and contains about 85,000 solar panels. The installation was created, owned, and operated by ] Environment and Clairvoyant Energy, which leases the rooftop area from GM.<ref>{{cite press release | url=https://media.gm.com/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2010/Apr/0426_earth.html |title=Let The Sun Shine | publisher=General Motors | date=April 26, 2010}}</ref><ref>{{Cite news | work=Reuters | date=July 8, 2008 | url=https://www.reuters.com/article/idUKCAS84477520080708 | title=GM Europe puts solar roof on Spanish plant | archive-url=https://web.archive.org/web/20201009220758/https://uk.reuters.com/article/idUKCAS84477520080708 |archive-date=October 9, 2020 | url-status=live}}</ref><ref>{{cite news | work=The Guardian | date=July 9, 2008 | url= https://www.theguardian.com/environment/2008/jul/09/solarpower.renewableenergy | title=GM installs the world's biggest rooftop solar panels | archive-url=https://web.archive.org/web/20170309072629/https://www.theguardian.com/environment/2008/jul/09/solarpower.renewableenergy |archive-date=March 9, 2017 | url-status=live}}</ref> | |||
In ], GM redirected resources from the development of new sedans to an accelerated refurbishment of their light trucks and ]s for introduction as ] models in early ]. Shortly after this decision, fuel prices increased by over 50% and this in turn affected both the trade-in value of used vehicles and the perceived desirability of new offerings in these market segments. The current marketing plan to extensively tout these revised vehicles as offering the best fuel economy ''in their class'' (of vehicle). GM claims its hybrid trucks will have gas-mileage improvements of 25%, besting the current fuel-economy leaders, ] and ].{{Fact|date=February 2007}} | |||
===Chapter 11 bankruptcy and bailout=== | |||
In the summer of ], GM announced that its corporate chrome emblem "]" will begin appearing on all recently introduced and all-new 2006 model vehicles produced and sold in North America. The move is seen as an attempt by GM to link its name and vehicle brands more closely. | |||
{{further|General Motors Chapter 11 reorganization}} | |||
In March 2009, after the company had received $17.4 billion in bailouts but was not effective in a turnaround, President ] forced the resignation of CEO ].<ref>{{Cite news | url= http://news.bbc.co.uk/2/hi/business/7971202.stm | title=GM chief Wagoner ousted by Obama |work=BBC News | date=March 30, 2009}}</ref> | |||
General Motors filed for a government-backed ] reorganization on June 8, 2009.<ref name=Slim>{{cite news | last=Vlasic | first=Bill| date=July 10, 2009 | title=G.M. Vow to Slim Includes Top Ranks |newspaper=The New York Times |url= https://www.nytimes.com/2009/07/11/business/11auto.html |url-status=live | url-access=limited | archive-url= https://web.archive.org/web/20120120184418/http://www.nytimes.com/2009/07/11/business/11auto.html | archive-date=January 20, 2012}}</ref><ref name=Primer>{{cite news | last=Maynard | first=Micheline | date=July 10, 2009 |title=A Primer on the New General Motors |newspaper=The New York Times |url= https://www.nytimes.com/2009/07/11/business/11primer.html |url-status=live | url-access=limited | archive-url=https://web.archive.org/web/20111018152537/http://www.nytimes.com/2009/07/11/business/11primer.html | archive-date=October 18, 2011}}</ref> On July 10, 2009, the original General Motors sold assets and some subsidiaries to an entirely new company, including the trademark "General Motors".<ref name=Slim/><ref name=Primer/> Liabilities were left with the original GM, renamed ], freeing the companies of many liabilities and resulting in a new GM.<ref name=Slim/><ref name=Primer/> | |||
In ], GM promoted sales through an employee discount to all buyers. Marketed as the lowest possible price, GM cleared an inventory buildup of 2005 models to make way for its 2006 lineup. While the promotion was a temporary shot in the arm for sales, it did not help the company's bottom line. | |||
Through the ], the ] invested $49.5 billion in General Motors and recovered $39 billion when it sold its shares on December 9, 2013, resulting in a loss of $10.3 billion. The Treasury invested an additional $17.2 billion into GM's former financing company, GMAC (now ]). The shares in Ally were sold on December 18, 2014, for $19.6 billion netting the government $2.4 billion in profit, including dividends.<ref>{{cite web | url= https://sgp.fas.org/crs/misc/R41846.pdf |archive-url= https://web.archive.org/web/20210907131035/https://sgp.fas.org/crs/misc/R41846.pdf |archive-date=September 7, 2021 |url-status=live | title=Government Assistance for GMAC/Ally Financial: Unwinding the Government Stake | first1=Baird | last1=Webel | first2=Bill | last2=Canis |work=Congressional Research Service | date=January 26, 2015 }}</ref><ref>{{cite news | first=Greg | last=Gardner | title=U.S. exits Ally, auto bailout closed | work=USA Today | date=December 19, 2014 | url= https://www.usatoday.com/story/money/cars/2014/12/19/us-tarp-ally-auto-bailout/20659473/ | archive-date=September 3, 2015 | archive-url= https://web.archive.org/web/20150903225325/http://www.usatoday.com/story/money/cars/2014/12/19/us-tarp-ally-auto-bailout/20659473/ | url-status=live}}</ref> A study by the ] found that the GM bailout saved 1.2 million jobs and preserved $34.9 billion in tax revenue.<ref>{{cite news | url=https://www.usatoday.com/story/money/cars/2013/12/09/government-treasury-gm-general-motors-tarp-bailout-exit-sale/3925515/ | first=James R. | last=Healey | title=Government Sells Last of Its GM Shares |work=USA Today |date=December 10, 2013 | archive-date=December 25, 2013 | archive-url= https://web.archive.org/web/20131225102318/http://www.usatoday.com/story/money/cars/2013/12/09/government-treasury-gm-general-motors-tarp-bailout-exit-sale/3925515/ | url-status=live}}</ref> | |||
=== Economics === | |||
In March 2005, the ] provided ]200 million in incentives to General Motors for its Ontario plants, and last fall it provided C$100 million to ] to expand production and provide jobs, according to ]. Similar incentives were promised to non-North American auto companies like Toyota, Premier Dalton McGuinty said the money the province and Ottawa are pledging for the project is well-spent. His government has committed ]400 million, including the latest Toyota package of ]125 million, to the province's automobile sector, which helped finance $5 billion worth of industry projects. | |||
] was not part of the General Motors Chapter 11 bankruptcy.<ref>{{cite news | url=https://www.reuters.com/article/idUSTRE5502VY20090601 |title=Factbox – General Motors Bankruptcy Filing Law |work=Reuters |date=June 1, 2009 |first=Soyoung |last=Kim | archive-date=June 10, 2009 |archive-url=https://web.archive.org/web/20090610080458/http://www.reuters.com/article/idUSTRE5502VY20090601 | url-status=live}}</ref> | |||
For the first time, in 2004 the total number of cars produced by all makers in ] exceeded those produced in ]. | |||
=== |
===Post-reorganization=== | ||
In June 2009, at the request of ], lead adviser to President ] on the ], ], who had led a restructuring of ], was appointed as chairman of General Motors.<ref>{{cite news | url=https://www.nytimes.com/2009/06/10/business/10auto.html | title=G.M. Chairman's Task: Bring Fresh Perspective | first=Bill | last=Vlasic | newspaper=The New York Times |date=June 9, 2009 | url-access=limited}}</ref> Whitacre was tasked with overseeing GM's emergence from bankruptcy and downsizing its sizable number of brand marques, many of which had produced chronic losses even before the recession began. In July 2009, after 40 days of bankruptcy protection, the company emerged from the government-backed ].<ref>{{cite news |url= https://www.npr.org/templates/story/story.php?storyId=106459662 | title=A 'New' GM Emerges From Bankruptcy | work=NPR |date=July 10, 2009}}</ref> | |||
General Motors is the second best selling foreign auto maker in ] after ], operating under the name of "Shanghai GM", with a 12.5% market there. The ] brand is especially strong, led by the ] subcompact. ] initiated sales in ] in ], starting with imports from the ]. GM pushed the marketing of the ] brand in ] in ] as well, moving the former ] to that marque. The company manufactures most of its China-market vehicles locally, through its ] joint venture. The ] joint-venture is also successful selling trucks and vans under the ] marque. | |||
As mandated by its bailout agreement, GM began the process of shedding its poorest-performing brands in June 2009: Hummer, Saab, Saturn, and Pontiac. An October 2009 agreement to sell the Hummer brand to ]-based ] Ltd.<ref> | |||
=== Corporate restructuring === | |||
{{cite news |url = https://money.cnn.com/2009/06/02/news/companies/gm_hummer/index.htm?postversion=2009060207 |work = CNN |date = June 2, 2009 |access-date = March 30, 2010 |title = Who bought Hummer? Sichuan Tengzhong of China |first = Aaron |last = Smith }} | |||
After gaining market share in the late 1990s and making enormous profits General Motors stock soared to over $80 a share. However, in 2000, twelve successive interest rate hikes by the Federal Reserve to quell the stock market, and a severe stock market decline following the ], caused a pension and benefit funds crisis at General Motors and many other American companies. General Motor's rising retiree health care costs and Other Post Employment Benefit (OPEB) fund deficit prompted the company to enact a broad restructuring plan. Although GM had already taken action to fully fund its pension plan, its OPEB fund became an issue for its corporate bond ratings. GM had expressed its disagreement with the bond ratings; moveover, GM's benefit funds were performing at higher than expected rates of return. Then, following a $10.6 billion loss in 2005, GM acted quickly to implement its restructuring plan. For the first quarter of 2006 GM earned $400 million, signaling a turnaround had already begun even though many aspects of the restructuring plan had not yet taken effect. | |||
</ref> and a group of private investors fell through three months later, resulting in GM seeking a new suitor.<ref name="Ref_i">{{cite web |url=http://www.channelnewsasia.com/stories/afp_world_business/view/1040245/1/.html |title= GM studying new offers for Hummer |website=www.channelnewsasia.com |access-date=January 17, 2022 |archive-url=https://web.archive.org/web/20100301035727/http://www.channelnewsasia.com/stories/afp_world_business/view/1040245/1/.html |archive-date=March 1, 2010 |url-status=dead}}</ref> American company Raser Technologies, along with several others, expressed interest in buying the company, but none of the proposed acquisitions came to fruition, and in April 2010 GM said it was officially shutting down the Hummer brand.<ref>{{cite news|last=Valdes-Dapena |first=Peter |title=Hummer sale: Only 2,200 left |publisher=CNN |date=April 12, 2010 |url= https://money.cnn.com/2010/04/07/autos/gm_hummer_deals/ |access-date=April 6, 2015}}</ref><ref>{{cite web|url= https://www.theatlantic.com/business/archive/2010/04/why-isnt-gm-selling-hummer/38655 |title=Why Isn't GM Selling HUMMER? |last=Indiviglio |first=Daniel |work=The Atlantic |date=April 8, 2010 |access-date=April 6, 2015}}</ref> Similarly, GM's efforts to sell its Saturn division yielded an early suitor. In June 2009, GM announced that the ] brand would be sold to the ].<ref name="Goldman2009">{{cite news |url = https://money.cnn.com/2009/06/05/news/companies/saturn_penske/?postversion=2009060511 |work = CNN |date = June 5, 2009 |access-date = March 30, 2010 |title = GM to sell Saturn to Penske |first1 = David |last1 = Goldman |first2 = Peter |last2 = Valdes-Dapena }}</ref> The deal fell through, however, and GM declared the brand defunct in October 2010. While GM agreed to shed its underperforming Pontiac brand as part of its bailout agreement, the company explicitly opted not to sell it to another company.<ref>{{cite news | url=https://www.forbes.com/2009/04/27/dying-car-brands-lifestyle-vehicles-pontiac.html | title=America's Fastest-Dying Car Brands | work=Forbes | date=April 27, 2009 | first=Hannah | last=Elliott | archive-date=May 14, 2012 | archive-url=https://web.archive.org/web/20120514165513/http://www.forbes.com/2009/04/27/dying-car-brands-lifestyle-vehicles-pontiac.html | url-status=live}}</ref><ref>{{cite news|last=Longley|first=Kristin|title=Pontiac not for sale, GM says, despite local dealership's offer to buy|url= http://www.mlive.com/news/flint/index.ssf/2009/05/pontiac_not_for_sale_gm_says_d.html |access-date=October 24, 2012 |newspaper=The Flint Journal |date=May 7, 2009}}</ref> The last Pontiac was built in January 2010.<ref>{{cite web|url= https://www.nbcnews.com/id/wbna34224218 |title=Pontiac hits end of the road after 82 years |website=Nbcnews.com |access-date=October 5, 2014 |date=December 3, 2009}}</ref> | |||
GM was more successful in its attempts to sell ]: the company closed a sale to Dutch automaker ] in February 2010.<ref>{{cite news | last=Ahlander | first=Johan | date=January 26, 2010 | title=Tiny Spyker snaps up GM's Saab for $400 million | url=https://www.reuters.com/article/us-gm-saab-idUSTRE60M14E20100126 | work=Reuters | archive-date=September 24, 2015 | archive-url=https://web.archive.org/web/20150924144248/http://www.reuters.com/article/2010/01/26/us-gm-saab-idUSTRE60M14E20100126 | url-status=live}}</ref> Saab continued to perform poorly under Spyker's management, however, and in 2012 the Saab division declared ]. | |||
In ] ], GM successfully bought itself out of a put option with ] for $2 billion USD (€1.55 billion). In 2000, GM had sold a 6% stake to ] in return for a 20% share in the Italian automaker. As part of the deal, GM granted ] a ] which, if exercised between ] ] and ] ], could have forced GM to buy ]. GM had agreed to the put option at the time, perhaps to keep it from being acquired by another automaker such as ] competing with GM's ] and ] marques. The relationship suffered, and ] had failed to improve. In ], ] recapitalized, reducing GM's stake to 10%. | |||
In 2009, GM faced significant challenges in its Asian operations, particularly in Korea with GM-Daewoo Automotive Technology Company (GMDAT).<ref name="finance.yahoo.com">{{cite web | url=https://finance.yahoo.com/news/secret-history-gm-chinese-bailout-100038156.html | title=The secret history of GM's Chinese bailout | date=January 24, 2016 }}</ref><ref name="qz.com">{{cite web | url=https://qz.com/594984/the-secret-history-of-gms-chinese-bailout | title=The secret history of GM's Chinese bailout | date=January 24, 2016 }}</ref> At the time, GM would manufacture low-cost small cars in Korea and export them to developing markets, including China. GMDAT suffered from cash flow issues exacerbated by a $1.5 billion loss in foreign exchange in the first quarter of 2009. GM's precarious financial situation, exacerbated by impending bankruptce, and the reluctance of the US government rescuers to address overseas issues, left few options. Facing a frozen credit market and the Korean Development Bank's refusal to extend loans beyond the existing $2 billion owed by GMDAT, GM had no alternative but to seek capital from China.<ref name="finance.yahoo.com"/><ref name="qz.com"/> | |||
In ] ], GM slashed its annual dividend from 2.00 to $1.00 per share. The reduction saved $565 million a year. | |||
By mid-November 2009, GM suddenly had $491 million available for GMDAT's turnaround, though the source of the funds was initially unclear.<ref name="finance.yahoo.com"/><ref name="qz.com"/> It was later revealed that GM had sold a 1% stake in Shanghai GM to ], effectively giving SAIC Motor controlling interest in the venture. Additionally, GM transformed its struggling GM India division into a joint venture, with SAIC Motor acquiring a 50% stake in exchange for a $350 million investment. GM executives stated that SAIC Motor's involvement facilitated access to Chinese banking sector funding, which would have been challenging to secure independently. In its 2010 SEC filing, GM clarified that SAIC had helped secure a $400 million commercial bank loan, using its stake in Shanghai-GM as collateral.<ref name="finance.yahoo.com"/><ref name="qz.com"/> | |||
In ] ], GM divested 92.36 million shares (reducing their stake from 20% to 3%) of Japanese manufacturer ], in order to raise $2.3 billion. GM originally invested in ] in the early 1980s. | |||
In December 2009, the "new" GM's ] asked CEO ] to resign, and its chairman, Ed Whitacre, was named interim CEO.<ref>{{Cite news | url=https://www.nytimes.com/2009/12/02/business/02motors.html | title=G.M. Asks Its Chief to Resign | first=Bill | last=Vlasic | newspaper=The New York Times |date=December 1, 2009 | url-access=limited}}</ref> GM opted to appoint Whitacre as its permanent CEO the following month, though Whitacre ultimately stepped down as CEO in September 2010, relinquishing the position to fellow GM board member ] but agreeing to continue on as GM chairman until the end of the year. Akerson replaced him as chairman, while continuing as CEO, in January 2011.<ref>{{cite news |last=Vlasic |first=Bill |url=https://www.nytimes.com/2010/08/20/business/20auto.html |title=G.M. Chief Sees I.P.O. As Exit Sign |work=The New York Times |date=August 19, 2010 |access-date=September 23, 2023}}</ref><ref>{{cite news | url= https://www.nytimes.com/2011/12/09/business/gms-chief-daniel-akerson-shakes-up-automakers-staid-traditions.html | title=Bluntly and Impatiently, Chief Upends G.M.'s Staid Tradition | first=Bill | last=Vlasic | newspaper=The New York Times |date=December 9, 2011 |url-access=limited}}</ref> | |||
On ], a private equity consortium including ], ], and ] purchased $8.8 billion, or 78% of ], GM's commercial mortgage arm. | |||
The new entity, in which GMAC will own a 21% stake, will be known as Capmark Financial Group<ref>{{cite web|url=http://www.freep.com/apps/pbcs.dll/article?AID=/20060323/NEWS11/60323002|work=]|title=article|accessdate=March 23|accessyear=2006}}</ref>. | |||
In 2010, GM introduced the ] as an ] (EREV), an electric vehicle with backup generators powered by gasoline, a type of ].<ref>{{cite book |title=Lithium-Ion Batteries | pages=151–176 | chapter-url=https://www.researchgate.net/publication/262004450 | last1=Matthe | first1=Roland| last2=Eberle | first2=Ulrich | date=January 1, 2014 | doi=10.1016/B978-0-444-59513-3.00008-X | chapter=The Voltec System—Energy Storage and Electric Propulsion | isbn=9780444595133 | archive-date=October 9, 2020 | archive-url=https://web.archive.org/web/20201009220808/https://www.researchgate.net/publication/262004450_The_Voltec_System_Energy_Storage_and_Electric_Propulsion| url-status=live}}</ref><ref name=RSC>{{cite journal | title=Sustainable transportation based on electric vehicle concepts: a brief overview |journal=Energy & Environmental Science |volume=3 |issue=6 |pages=689 | url=https://www.researchgate.net/publication/224880220 |last1=Eberle | first1=Ulrich | first2=Rittmar | last2=von Helmolt | date=May 14, 2010 | doi=10.1039/C001674H | archive-date=October 21, 2013 |archive-url=https://web.archive.org/web/20131021070726/http://www.researchgate.net/publication/224880220_Sustainable_transportation_based_on_electric_vehicle_concepts_a_brief_overview | url-status=live}}</ref><ref name=VDI>{{cite conference |title=Vehicle Electrification – Quo Vadis |url=https://www.researchgate.net/publication/233987248 |last1=Brinkman |first1=Norman |first2=Ulrich |last2=Eberle |first3=Volker |last3=Formanski |first4=Uwe-Dieter |last4=Grebe |first5=Roland |last5=Matthe |publisher=Verein Deutscher Ingenieure |conference=33rd International Vienna Motor Symposium 2012 |date=April 15, 2012 | doi=10.13140/2.1.2638.8163 | archive-date=December 22, 2014 |archive-url=https://web.archive.org/web/20141222075646/http://www.researchgate.net/publication/233987248 |url-status=live}}</ref> GM delivered the first Volt in December 2010.<ref>{{cite press release | url=http://media.gm.com/content/media/us/en/news/news_detail.brand_gm.html/content/Pages/news/us/en/2010/Dec/1213_volt |title=Chevrolet Volts Begin Shipping to Dealerships | archive-url=https://web.archive.org/web/20101216022522/http://media.gm.com/content/media/us/en/news/news_detail.brand_gm.html/content/Pages/news/us/en/2010/Dec/1213_volt | archive-date=December 16, 2010}}</ref> GM built a prototype two-seat electric vehicle with ] An early prototype of the ] vehicle{{snd}}dubbed ]{{snd}}was presented in New York at the 2009 ].<ref>{{cite news | last=Cora | first=Nucci | title=GM, Segway roll-out Project PUMA | url= https://www.informationweek.com/pc-and-servers/gm-segway-roll-out-project-p-u-m-a- |work=InformationWeek |date=April 7, 2009 | archive-date=December 3, 2013 | archive-url=https://web.archive.org/web/20131203010306/http://www.informationweek.com/applications/gm-segway-roll-out-project-puma/d/d-id/1078368 | url-status=live}}</ref> | |||
On ], ], GM announced that it would sell 51% of ] as a whole to a consortium led by ], raising $14 billion over 3 years. Investors also include ]'s private equity arm and ] of ]. The group will pay GM $7.4 billion in cash at closing. GM will retain approximately $20 billion in automobile financing worth an estimated $4 billion over three years. | |||
{{Gallery | |||
GM sold its 8% stake in ] on ], ], to raise an additional $300 million.<ref>{{cite web|url=http://www.detnews.com/apps/pbcs.dll/article?AID=/20060411/UPDATE/604110423/1148/AUTO01|title=GM sells Isuzu shares for $300 million|work=]|accessdate=April 12|accessyear=2006}}</ref> | |||
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|]<ref>{{cite web |url= https://www.popularmechanics.com/cars/reviews/a4429/4325072/ |title=2010 Buick LaCrosse Test Drive: Can New 30-MPG Buick Sedan Revive the Brand? |work=Popular Mechanics |date=July 16, 2009 |archive-date=April 12, 2016 |archive-url=https://web.archive.org/web/20160412035250/http://www.popularmechanics.com/cars/reviews/a4429/4325072/|url-status=live}}</ref><ref>{{cite news | url=https://www.cbsnews.com/news/buick-big-in-china-seeks-to-recapture-us-glory/ | title=Buick, Big in China from the first sales by the McLaughlin's, Seeks to Recapture U.S. Glory | work=CBS News |date=March 23, 2010 |archive-date=April 4, 2016 | archive-url= https://web.archive.org/web/20160404033231/http://www.cbsnews.com/news/buick-big-in-china-seeks-to-recapture-us-glory/ |url-status=live}}</ref> | |||
|File:Auto Show 068.jpg | |||
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|], a fuel cell-powered vehicle from GM. | |||
|File:Chevrolet Impala FlexFuel 34 MIA 12 2008 with logo.jpg | |||
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|E85 FlexFuel ] LT 2009 (USA) | |||
|File:Chevrolet Bolt EV SAO 2016 8894.jpg | |||
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|The ] was released in late 2016. | |||
}} | |||
On January 15, 2014, ] was named chief executive officer, succeeding ]. Barra also joined the GM board.<ref>{{cite press release |url=https://media.gm.com/media/jp/ja/cadillac/corp-news.detail.html/content/Pages/news/emergency_news/2013/1210-gm-execs.html |title=Dan Akerson to Retire as GM CEO in January 2014 |work=GM Media |date=December 12, 2013 |archive-date=December 24, 2013 |archive-url=https://web.archive.org/web/20131224094456/http://media.gm.com/content/media/us/en/gm/news.detail.html/content/Pages/news/emergency_news/2013/1210-gm-execs.html |url-status=live}}</ref> Only three weeks later, the company announced its ], which was due to faulty ignition switches, and was linked to at least 124 deaths. The resulting settlements with family members of those killed were estimated to cost the company $1.5 billion.<ref name=shell>{{cite news |url= https://www.nytimes.com/2017/08/17/business/general-motors-ignition-suits-bankruptcy.html | title=Shell of Old G.M. Surfaces in Court Fight Over Ignition Flaw | first1=Bill | last1=Vlasic | first2=Neal E. | last2=Boudette | newspaper=The New York Times |date=August 17, 2017 |url-access=limited | archive-date=June 19, 2018 | archive-url=https://web.archive.org/web/20180619063724/https://www.nytimes.com/2017/08/17/business/general-motors-ignition-suits-bankruptcy.html | url-status=live}}</ref> Under Barra, GM began a multi-year abandonment of many markets, choosing to focus on higher-profit markets like North America and China.<ref>{{cite news |last1=Wayland |first1=Michael |title=General Motors is retreating from Australia, New Zealand and Thailand |url=https://www.cnbc.com/2020/02/17/general-motors-gm-retreats-from-australia-new-zealand-and-thailand.html |access-date=6 January 2024 |work=CNBC |date=17 February 2020 |language=en}}</ref> | |||
On January 4, 2016, in its first investment in a ], GM invested $500 million in ].<ref>{{cite journal |last=Kokalitcheva |first=Kia |url=http://fortune.com/2016/01/04/lyft-funding-gm/ |title=Lyft Raises $1 Billion, GM Joins As Investor And Driverless Car Partner |date=January 4, 2016 |journal=Fortune |archive-date=January 17, 2016 |archive-url=https://web.archive.org/web/20160117102214/http://fortune.com/2016/01/04/lyft-funding-gm/|url-status=live}}</ref><ref>{{cite magazine |last=Fitzpatrick |first=Alex | url=https://time.com/4166130/general-motors-lyft/ |title=Why General Motors Invested $500 Million in Lyft | magazine=Time |date=January 4, 2016 |archive-date=January 16, 2016|archive-url= https://web.archive.org/web/20160116071120/http://time.com/4166130/general-motors-lyft/ |url-status=live}}</ref> The company does not directly supply Lyft drivers with vehicles, however – and has no plans to do so in the future – and Lyft ultimately partnered with ] for production of its autonomous vehicles. | |||
In March 2016, GM acquired ], a ] self-driving vehicle start-up, to develop self-driving cars that could be used in ride-sharing fleets.<ref>{{cite news | url=https://www.reuters.com/article/us-gm-cruiseautomation-idUSKCN0WD1ND | title=GM buys Cruise Automation to speed self-driving car strategy | first=Joseph | last=White | work=Reuters |date=March 11, 2016 | archive-date=March 13, 2016 |archive-url=https://web.archive.org/web/20160313032841/http://www.reuters.com/article/us-gm-cruiseautomation-idUSKCN0WD1ND |url-status=live}}</ref><ref>{{cite news | url=https://gadgets.ndtv.com/others/news/gm-buys-self-driving-technology-startup-cruise-812784 | title=GM Buys Self-Driving Technology Startup Cruise | website=NDTV |date=March 12, 2016 | archive-date=March 12, 2016 | archive-url=https://web.archive.org/web/20160312130144/http://gadgets.ndtv.com/others/news/gm-buys-self-driving-technology-startup-cruise-812784 |url-status=live}}</ref> In June 2022, Cruise received California's first Driverless Deployment Permit, allowing it to both charge fees for its service as well as offer fully autonomous rides in a major public city.<ref name=CNBC-202206>{{cite web |url=https://www.cnbc.com/2022/06/02/cruise-gets-green-light-for-commercial-robotaxis-in-san-francisco.html |date=June 2, 2022 |title=Cruise gets green light for commercial robotaxi service in San Francisco |access-date=June 3, 2022 |first=Lora |last=Kolodny |work=]}}</ref> '']'' reported that the company lost $561 million in Q1 2023, but said it remains on the path to reach $1 billion in revenue by 2025 and $50 billion by 2030.<ref>{{Cite web |last=Hawkins |first=Andrew J. |date=April 25, 2023 |title=Cruise continues to burn GM's cash as robotaxis expand to daylight hours |url=https://www.theverge.com/2023/4/25/23697406/cruise-robotaxi-gm-daylight-sf-earnings |access-date=April 28, 2023 |website=The Verge |language=en-US}}</ref> | |||
In October 2016, GM began production of the ], the first-ever mass market ] with a range of more than {{convert|200|mi|km|round=5|abbr=out}}.<ref>{{cite news | url=http://www.sfgate.com/business/article/Tesla-Model-3-reservations-near-198-000-7223394.php |title=Tesla Model 3 reservations top 232,000 | first=David R. |last=Baker | newspaper=San Francisco Chronicle |date=April 1, 2016 | archive-date=September 5, 2016 |archive-url=https://web.archive.org/web/20160905214935/http://www.sfgate.com/business/article/Tesla-Model-3-reservations-near-198-000-7223394.php |url-status=live}}</ref><ref>{{cite news | url=https://www.latimes.com/business/autos/la-fi-hy-bolt-ev-range-20160912-snap-story.html | title=Chevy Bolt EV range is 238 miles: Prime time for the electric car? | first=Charles | last=Fleming | newspaper=Los Angeles Times | date=September 12, 2016 | url-access=limited | archive-date=September 13, 2016 | archive-url=https://web.archive.org/web/20160913152607/http://www.latimes.com/business/autos/la-fi-hy-bolt-ev-range-20160912-snap-story.html | url-status=live}}</ref> The battery pack and most drivetrain components were built by ] and assembled in GM's plant in ].<ref>{{cite news | url=https://www.detroitnews.com/story/business/autos/general-motors/2016/07/27/chevrolet-bolt-ev/87615124/ | title=Chevy Bolt EV to ship to dealers in fourth quarter | first=Melissa | last=Burden | newspaper=The Detroit News | date=July 27, 2016 | archive-date=July 28, 2016 |archive-url= https://web.archive.org/web/20160728181944/http://www.detroitnews.com/story/business/autos/general-motors/2016/07/27/chevrolet-bolt-ev/87615124/ |url-status=live}}</ref> {{citation needed span |text=GM chose to employ the Bolt EV and similar Bolt EUV for its Cruise ride-share service. |date=September 2023}} | |||
On January 8, 2021, GM introduced a new logo alongside the tagline "EVerybody in", with the capitalized "EV" as a nod to the company's commitment to electric vehicles.<ref>{{cite news |url=https://www.nbcnews.com/business/autos/general-motors-debuts-new-corporate-logo-focus-electric-vehicles-n1253505 | title=General Motors debuts new corporate logo with focus on electric vehicles | work=NBC News | date=January 8, 2021}}</ref><ref name="Motor Trend" /> GM's new logo used ] to create the idea of an electric plug in the "M" of the logo.<ref>{{cite news | url=https://www.engadget.com/gm-logo-branding-electric-vehicles-210607845.html | title=GM modernizes its logo to highlight its EV-centric future | first=Kris | last=Holt | work=Engadget | date=January 8, 2021}}</ref> | |||
At the January 2021 ], GM launched ], a brand for all-electric ]s.<ref>{{Cite news | url=https://www.forbes.com/sites/samabuelsamid/2021/01/12/general-motors-launches-brightdrop-new-electric-commercial-vehicle-brand/ | title=GM Launches 'BrightDrop' Brand For Electric Commercial Vehicles | first=Sam | last=Abuelsamid | work=Forbes |date=January 12, 2021 | url-access=limited}}</ref> | |||
On January 28, 2021, GM announced that it will end production and sales of ] (including hybrids and plug-in hybrids) by 2035 as part of its plan to reach ] by 2040.<ref name=NYTZero /> | |||
In 2021, GM announced plans to establish an automotive battery and ] laboratory in Michigan.<ref>{{cite news |url= https://apnews.com/article/technology-science-business-michigan-environment-and-nature-460f843ebabeee6d16f8ff8395de8cdd |title=GM building giant battery development lab in Detroit suburb |first=Tom |last=Krisher |work=Associated Press |date=October 5, 2021}}</ref><ref>{{cite news |url= https://www.washingtonpost.com/business/economy/gm-builds-electric-battery-lab-in-michigan-as-it-tries-to-cut-ev-costs-extend-range/2021/10/05/320d5186-25cb-11ec-8831-a31e7b3de188_story.html | title=GM builds electric battery lab in Michigan as it tries to cut EV costs, extend range | newspaper=The Washington Post |date=October 5, 2021 | url-access=limited}}</ref><ref>{{Cite news | url=https://detroit.cbslocal.com/2021/10/05/gm-building-giant-battery-development-lab-in-detroit-suburb/ | title=GM Building Giant Battery Development Lab In Detroit Suburb | first=Sara | last=Powers | work=CBS News | date=October 5, 2021}}</ref> GM will be responsible for battery management systems and power electronics, thermal management, as well as the pack assembly. An existing GM facility at Brownstown Township was chosen to be upgraded as a battery pack plant.<ref name="RSC"/> LG Chem's U.S. subsidiary, Compact Power of ], Michigan, has been building the prototype packs for the development vehicles and will continue to provide integration support and acting as a liaison for the program.<ref>{{cite press release | title=General Motors and LG Chem Team Up to Advance Toward an All-Electric Future, Add Jobs in Ohio | url= https://media.gm.com/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2019/dec/1205-lgchem.html | publisher=General Motors | date=December 5, 2019 | archive-date=June 14, 2020 | archive-url=https://web.archive.org/web/20200614032715/https://media.gm.com/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2019/dec/1205-lgchem.html | url-status=live}}</ref> | |||
In mid-2023, GM abandoned its goal of North American electric vehicle deliveries of 400,000 units from 2022 by mid-2024. It had previously set the timeline of by end of 2023. CEO Mary Barra pointed to failures in the scaling of battery module production while simultaneously blaming lack of consumer demand.<ref>{{cite web |last=Walz |first=Eric |title=GM abandons plan to build 400,000 EVs by mid-2024 |url=https://www.automotivedive.com/news/gm-evs-abandons-plan-build-400000-mid-2024/697670/ |website=Automotive Dive |access-date=November 30, 2023}}</ref> | |||
General Motors and ] Ltd. have a long-term supply agreement. LG Chem Ltd. will provide GM with more than 500,000 tons of ] materials for 24.7 trillion ] (US$18.6 billion). Provided materials to the automaker will be enough for 5 million ].<ref>{{Cite news|language=en|url=https://www.bloomberg.com/news/articles/2024-02-07/lg-chem-wins-18-6-billion-ev-cathode-materials-order-from-gm?leadSource=uverify%20wall|title=GM Signs $18.6 Billion EV Cathode Supply Deal With LG Chem|website=Bloomberg| date=February 7, 2024 |access-date=2024-02-27|archive-date=2024-02-28|archive-url=https://web.archive.org/web/20240228012213/https://www.bloomberg.com/news/articles/2024-02-07/lg-chem-wins-18-6-billion-ev-cathode-materials-order-from-gm?leadSource=uverify%20wall}}</ref><ref>{{Cite web|language=en|url=https://www.autonews.com/suppliers/huge-ev-supply-deal-reached-between-gm-and-lg-chem|title=GM signs $18.6 billion EV cathode supply deal with LG Chem|website=Automotive News|access-date=2024-02-27|archive-date=2024-02-08|archive-url=https://web.archive.org/web/20240208030241/https://www.autonews.com/suppliers/huge-ev-supply-deal-reached-between-gm-and-lg-chem}}</ref> | |||
In January 2024, GM announced it would once again manufacture a plug-in hybrid electric vehicle (PHEV) while it aims to balance supply of battery electric vehicles with demand.<ref>{{Cite web |date=2024-01-31 |title=GM bows to shareholders with PHEV stopgap |url=https://www.evinfocus.com/gm-bows-to-shareholders-with-phev-stopgap/ |access-date=2024-02-05 |website=EV inFocus |language=en}}</ref> | |||
On April 15, 2024, GM announced that it would relocate its global headquarters from the Renaissance Center to the nearby ] development in 2025.<ref>{{cite news |url=https://gmauthority.com/blog/2024/04/gm-confirms-global-headquarters-move-to-hudsons-detroit-in-2025-video/ |title=GM Confirms Global Headquarters Move To Hudson's Detroit In 2025 |first=Jonathan |last=Lopez |work=GM Authority |date=April 15, 2024 |access-date=2024-04-21}}</ref> | |||
In October 2024, General Motors increased its investment in lithium production by raising its commitment to Canadian mining company Lithium Americas from $650 million to $945 million.{{clarify|reason=US$ or CA$ ?|date=November 2024}} The investment establishes a joint venture with Lithium Americas to develop the Thacker Pass mine in Nevada, one of the largest known lithium resources in the United States, positioning GM to meet growing demand for EVs by reducing dependency on foreign lithium sources.<ref>{{Cite news |last=Hodgson |first=Camilla |date=2024-10-16 |title=General Motors increases investment in lithium mine to nearly $1bn |url=https://www.ft.com/content/ebeeca69-a560-45e9-a4c9-7204bdd82e11 |access-date=2024-11-07 |work=Financial Times}}</ref> | |||
===Motorsport=== | |||
{{see also|Cadillac in Formula One}} | |||
] in the ]]] | |||
GM participated in the ] (WTCC) from 2004 to 2012,<ref>{{cite news | last=Watkins | first=Gary | title=Chevrolet to leave World Touring Car Championship at season's end | url=https://www.autoweek.com/racing/more-racing/a1958086/chevrolet-leave-world-touring-car-championship-seasons-end/ | work=] | date=July 4, 2012}}</ref> and has also participated in other motorsport championships, including ],<ref>{{cite news | url=https://www.caranddriver.com/news/a27672259/all-about-24-hours-of-le-mans-race/ | title=Everything You Need to Know about the 24 Hours of Le Mans Race | first=Rich | last=Ceppos | work=] | date=August 23, 2021}}</ref> ],<ref>{{cite news |title=General Motors announces leadership for technical center | url=https://nascar.nbcsports.com/2020/09/25/nascar-general-motors-announces-leadership-for-technical-center | first=Daniel | last=McFadin | work=] | date=September 25, 2020}}</ref> ]<ref>{{cite news | title=GM Joins World Challenge GT Manufacturers' Championship | url=https://www.scca.com/articles/1993440-gm-joins-world-challenge-gt-manufacturersa-championship | publisher=] | date=April 22, 2009}}</ref> and ].<ref>{{cite web |url=https://www.carscoops.com/2020/10/chevrolet-camaro-to-join-australias-supercars-championship-in-2022/ |title=Chevrolet Camaro To Join Australia's Supercars Championship To Take On Ford's Mustang In 2022 |first=Brad |last=Anderson |website=carscoops.com |date=October 18, 2020}}</ref> | |||
GM's engines were successful in the ] (IRL) throughout the 1990s, winning many races in the small ] class. GM has also done much work in the ]. An unmodified Aurora V8 in the Aerotech captured 47 world records, including the record for speed endurance in the Motorsports Hall of Fame of America. Recently, the ] has entered motorsports racing. | |||
GM has also designed cars specifically for use in ] auto racing. The ] ZL1 is the only entry in the series.<ref>{{cite press release | url= https://media.gm.com/media/us/en/chevrolet/racing.detail.html/content/Pages/news/us/en/2021/may/0505-chevrolet-racing.html | title=Track and Street Come Closer Together in the all-new Chevrolet NASCAR Next Gen Camaro ZL1 Race Car |work=General Motors |date=May 5, 202 |access-date=June 13, 2022}}</ref> In the past, the ],<ref>{{cite news | url= https://www.foxsports.com/nascar/gallery/pontiacs-greatest-nascar-drivers-042909 | title=Which NASCAR drivers found success in Pontiacs? |work=Fox Sports | date=October 20, 2016}}</ref> ], ], ], ], ], ], and the ] were also used. GM has won many ] ], including 40 with Chevrolet,<ref>{{cite web|url= https://www.jayski.com/2021/11/01/chevrolet-wins-40th-nascar-cup-series-manufacturers-championship/ | title=Chevrolet Wins 40th NASCAR Cup Series Manufacturer's Championship | work=Jayski's Silly Season Site | date=November 1, 2021}}</ref> the most of any make in ] history, 3 with Oldsmobile, 2 with Buick, and 1 with Pontiac. In 2021, Chevrolet became the first brand to reach 800 wins.<ref>{{cite web |url= https://www.jayski.com/cup-manufacturers-stats/ | title=NASCAR Cup Manufacturer Stats & Records |work=Jayski's Silly Season Site |date=June 12, 2022 |access-date=June 13, 2022}}</ref> | |||
In Australia, ] cars based on the ], ] and ] platforms raced in the ] until ]. Holden won the ], a record 36 times between ] and ] and the Australian Touring Car Championship 23 times.<ref>{{cite news |url=https://autoaction.com.au/2022/10/09/2022-bathurst-1000-lap-138-finish-svg-and-tander-salute-the-lion |title=2022 Bathurst 1000 – lap 138-finish: SVG and Tander salute the lion |work=] |date=October 9, 2022 |access-date= |archive-url=https://web.archive.org/web/20221017072631/https://autoaction.com.au/2022/10/09/2022-bathurst-1000-lap-138-finish-svg-and-tander-salute-the-lion |archive-date=October 17, 2022 |url-status=live }}</ref> From ], the ] will be raced.<ref>{{cite news |url=https://www.drive.com.au/news/ford-and-chevrolet-unveil-2023-v8-supercars/ |title=Ford and Chevrolet unveil 2023 V8 Supercars |first=Joshua |last=Dowling |work=Drive |date=December 3, 2021 |access-date=October 17, 2022}}</ref> | |||
In November 2024, GM and ] reached an agreement in principle to enter the ] under the ] name with the ] engine,<ref>{{Cite web |title=Ferrari agree to supply General Motors F1 project with power units and gearboxes {{!}} Formula 1® |url=https://www.formula1.com/en/latest/article/ferrari-agree-to-supply-general-motors-f1-project-with-power-units-and.5iJ8zSH3IEfakRY5XXt8GM |access-date=2024-12-11 |website=Formula 1® - The Official F1® Website |language=en}}</ref><ref>{{Cite press release |title=Ferrari enters a multi-year agreement with Andretti Formula Racing |url=https://www.ferrari.com/en-EN/corporate/articles/ferrari-enters-a-multi-year-agreement-with-andretti-formula-racing |date=2024-12-10 |access-date=2024-12-14 |website=Ferrari}}</ref> and would enter as an ] at a later date.<ref>{{Cite web |last=Benson |first=Andrew |date=25 November 2024 |title=Formula 1: General Motors agrees in principle to enter F1 in 2026 with Cadillac brand |url=https://www.bbc.com/sport/formula1/articles/cy8nzlwpn83o |access-date=26 November 2024 |website=] |language=en-GB}}</ref> | |||
=== Logo evolution === | |||
On ], ], 35,000 GM workers had agreed to company buyouts, well over the company goal significantly reducing GM's operating costs and future liability. 12,600 workers from ], a key supplier to GM, agreed to buyouts and an early retirement plan offered by GM in order to avoid a strike, after a judge agreed to cancel Delphi's union contracts. 5,000 Delphi workers were allowed to flow to GM. | |||
Evolution of the GM logo through the years:<ref name=detnews> by Kalea Hall on ''The Detroit News'' – January 8, 2021</ref> | |||
<gallery perrow="4" heights="90"> | |||
File:Gm logo 1938.png|1938–1964<ref name=detnews/> | |||
File:General Motors logo.svg|] (1964–2021)<ref name=detnews/> | |||
File:Logo of General Motors.svg|2001–2021<ref name=detnews/> | |||
File:GM-actualizado.svg|2010–2021<ref name=detnews/> | |||
File:General Motors 2021 gloss.svg|2021 (gradient)<ref name=detnews/> | |||
File:General Motors (2021).svg|2021 (flat)<ref> By Rain Noe – January 11, 2021</ref> | |||
File:General motors logo with wordmark.svg|2022 (wordmark)<ref>, 1 Feb 2022</ref> | |||
</gallery> | |||
==Brands== | |||
Plants scheduled to close under the planned GM restructuring include (''source: General Motors Corporation''): | |||
=== Current === | |||
{| class="wikitable" | |||
{| class="wikitable sortable" | |||
|- | |- | ||
! width=50px| Origin | |||
| '''Plants''' || '''Location''' || '''Closing''' || '''Role''' || '''# Employees''' | |||
! width=100px| Brand<ref name="brands">{{cite press release |url=https://gmauthority.com/blog/2021/01/here-are-all-43-gm-brands-listed-in-one-place/ |title=Here Are All 43 GM Brands, Listed In One Place |first=David |last=Finlay |publisher=GM |location=US |date=January 10, 2021 |access-date=April 11, 2022}}</ref> | |||
! Founded | |||
! Start<br>manufacturing | |||
! Joined <br/>GM | |||
! Markets served today | |||
|- | |- | ||
| {{flag|US}} || ] || 1911 || 1911 || 1918 || Americas, China, Middle East, CIS, South Korea, Philippines, Japan, Europe, Australasia | |||
| ] van plant || Ontario || 1993 || Van assembly || 2,700 | |||
|- | |||
| ] (3rd shift) || Ohio || 2006 || Mid-size ] assembly || 4,165 | |||
|- | |- | ||
| {{flag|US}} ||] || 1899 || 1903 || 1908 || China, North America | |||
| ] || Oklahoma || Early 2006 || Mid-size ]s and SUV assembly || 2,734 | |||
|- | |- | ||
| {{flag|US}} || ]|| 1912 || 1912 || 1919 || North America, Middle East, South Korea, China,<ref name=":0">{{Cite web |date=2024-01-21 |title=GM Takes GMC to China, Australia and New Zealand in 2024 |url=https://www.wardsauto.com/industry-news/gm-takes-gmc-china-australia-and-new-zealand-2024 |access-date=2024-04-13 |website=WardsAuto |language=en}}</ref> Australasia<ref name=":0" /> | |||
| ] || Michigan || Mid-2006 || ] roadster assembly|| 398 | |||
|- | |- | ||
| {{flag|US}} || ] || 1902 || 1902 || 1909 || North America, Middle East, China, Japan, South Korea, Europe, Kazakhstan | |||
| ] Line 1 || Tennessee || March 2007 || ] sedan and coupe assembly || 5,776 | |||
|- | |- | ||
| ] || |
| {{flag|CHN}} || ] || 2010 || 2010 || 2010 || China | ||
|- | |- | ||
| {{flag|CHN}} || ] || 2002 || 2002 || 2002|| China, Indonesia,<ref name = "Otomotif 2023-11-20">{{Cite web |last=Putra |first=Nuhansa Mikrefin Yoedo |date=2023-11-20 |title=Wuling Air ev Topang Ekspor, Siap Perluas Pasar Mancanegara |url=https://otomotif.bisnis.com/read/20231120/46/1715896/wuling-air-ev-topang-ekspor-siap-perluas-pasar-mancanegara |access-date=2024-01-22 |website=Bisnis.com |language=id}}</ref> Vietnam,<ref>{{Cite web |title=SAIC makes Tan Chong's Viet unit distributor |url=https://www.thestar.com.my/business/business-news/2021/03/26/saic-makes-tan-chongs-viet-unit-distributor |access-date=2024-01-22 |website=The Star |date=March 26, 2021 |language=en}}</ref> Thailand<ref name="Otomotif 2023-11-20" /> | |||
| ] || Michigan || 2006 || Metal fabricating || 1,398 | |||
|} | |||
=== Former === | |||
{| class="wikitable sortable" | |||
|- | |||
! width=50px| Origin | |||
! width=120px| Brand<ref name="brands"/> | |||
! Founded | |||
! Start<br>manufacturing | |||
! Joined<br/> GM | |||
! width= px| Fate | |||
! Defunct or sold | |||
! Notes | |||
|- | |||
| {{flag|CAN}} || ] || 1962 || 1962 || 1962 || Discontinued ||1987 || Until 1971 a Chevy II with ] design accents, after 1976 a Chevette with Pontiac name and appearance. | |||
|- | |||
| {{flag|KOR}} || ] || 2010 || 2010 || 2010 || Discontinued ||2015 || The only available model was based on the ] LaCrosse | |||
|- | |||
| {{flag|CAN}} || ] || 1992 || 1992 || 1992 || Discontinued || 1994 || Composed of Suzuki, Isuzu and Toyota models. | |||
|- | |||
| {{flag|CAN}} || ] || 1966 || 1966 || 1966 || Discontinued ||1969 || Canadian Chevelle with Pontiac design accents | |||
|- | |||
| {{flag|UK}} || ] || 1931 || 1931 || 1931 || Discontinued ||1991 || | |||
|- | |||
|{{flag|US}} | |||
|] | |||
|2021 | |||
|2022 | |||
|2021 | |||
|Merged into ] | |||
|2025 | |||
| | |||
|- | |||
| {{flag|US}} || ] || 1905 || 1905 || 1909 || Discontinued || 1915 || | |||
|- | |||
| {{flag|US}} || ] || 1922 || 1924 || 1930 || Sold to ] || 2010 || EMD still makes locomotives such as the ] | |||
|- | |||
| {{flag|KOR}} || ] || 1972 || 1972 || 1999 || Discontinued ||2011 || Succeeded by ] | |||
|- | |||
| {{flag|US}} || ] || 1893 || 1900 || 1912 || Discontinued ||1916 || | |||
|- | |||
| {{flag|CAN}} || ] || 1959 || 1959|| 1959 || Discontinued || 1970 || Imported Vauxhall and Bedford vehicles sold at Canadian ] and ] dealerships | |||
|- | |||
| {{flag|CAN}} || ] || 1964 || 1964|| 1964 || Discontinued || 1970 || Imported Vauxhall models sold at Canadian Pontiac, Buick and ] dealerships | |||
|- | |||
| {{flag|US}} || ] || 1989 || 1989 || 1989 || Discontinued ||1997 || Composed of Suzuki, Isuzu and Toyota models. Sold through ] dealerships. | |||
|- | |||
| {{flag|AUS}} || ] || 1856 || 1908 || 1926 || Discontinued ||2020 || | |||
|- | |||
| {{flag|US}} || ] || 1992 || 1992 || 1998 || Discontinued as a division, brand name revived under ]||2010 || Parent company ], formerly owned by AMC. Became independent after AMC and Renault merged in 1978. Name revived in 2021 for ] | |||
|- | |||
| {{flag|US}} || ] || 1927 || 1927 || 1927 || Discontinued ||1940 || Companion brand for ] | |||
|- | |||
| {{flag|US}} || ] || 1911 || 1911 || 1913 || Discontinued ||1913 || Absorbed by ] in 1913. | |||
|- | |||
| {{flag|UK}} || ] || 1948 || 1948 || 1986 || Sold to ] ||1993 || Currently owned by ] | |||
|- | |||
| {{flag|US}} || ] || 1909 || 1909 || 1909 || Discontinued ||1912 || formerly Peninsular Motor Company. Based on ] and ] marques. | |||
|- | |||
| {{flag|US}} || ] || 1929 || 1929 || 1929 || Discontinued ||1931 || Companion brand for ] in 1928. | |||
|- | |||
| {{flag|US}} || ] || 1898 || 1900 || 1918 || Discontinued ||1918 || Absorbed as sister division of ] in 1915. | |||
|- | |||
| {{flag|CAN}} || ] || 1907 || 1907 || 1918 || Discontinued || 1942 || Canadian Buick-related, became the basis of ] | |||
|- | |||
| {{flag|US}} || ] || 1907 || 1907 || 1909 || Discontinued || 1931 || Dropped in favor of ] | |||
|- | |||
| {{flag|US}} || ] || 1897 || 1897 || 1908 || Discontinued || 2004 || | |||
|- | |||
| {{flag|GER}} || ] || 1899 || 1899 || 1931 || Sold to ] || 2017 || Currently owned by ] | |||
|- | |||
| {{flag|CAN}} || ] || 1987 || 1987 || 1987 || Discontinued ||1991 || Composed of Suzuki, Isuzu and Toyota models | |||
|- | |||
| {{flag|US}} || ] || 1926 || 1926 || 1926 || Discontinued ||2010 || Started as companion brand for ] | |||
|- | |||
| {{flag|US}} || ] || 1905 || 1905 || 1909 || Discontinued ||1911 || Restructured after its 1909 acquisition, as Marquette Motor Company. Produced 'Rainier' cars until 1911 | |||
|- | |||
| {{flag|US}} || ] || 1903 || 1903 || 1911 || Discontinued ||1912 || Consolidated into what would become ] | |||
|- | |||
| {{flag|RSA}} || ] || 1968 || 1968 || 1968 || Discontinued ||1978 || | |||
|- | |||
| {{flag|US}} || ] || 1902 || 1902 || 1909 || Discontinued ||1912 || Consolidated into what would become ] | |||
|- | |||
| {{flag|SWE}} || ] || 1945 || 1949 || 1990 || Sold to ] || 2010 || Company defunct in 2016 | |||
|- | |||
| {{flag|US}} || ] || 1985 || 1990 || 1985 || Discontinued ||2010 || | |||
|- | |||
| {{flag|US}} || ] || 1913 || 1913 || 1916 || Discontinued ||1923 || | |||
|- | |||
| {{flag|US}} || ]|| 1920 || 1920 || 1920 || Discontinued ||1921 || Was the technically the first car developed by General Motors | |||
|- | |- | ||
| {{flag|AUS}} || ] || 1971 || 1971 || 1971 || Discontinued ||1984 || Division of ] | |||
| ] || Oregon || 2006 || Parts distribution || 95 | |||
|- | |- | ||
| {{flag|UK}} || ] || 1903 || 1903 || 1925 || Sold to ] ||2017 || Currently owned by ] | |||
| ] || Missouri || 2006 || Parts distribution || 182 | |||
|- | |- | ||
| {{flag|US}} || ] || 1929 || 1929 || 1929 || Discontinued ||1930 || Started as companion brand for ] | |||
| ] || Pennsylvania || 2007 || Metal fabricating || 613 | |||
|- | |- | ||
| {{flag|US}} || ] || 1901 || 1901 || 1910 || Discontinued ||1911 || Brand shuttered shortly after purchase. | |||
| ] || Michigan || 2007 || Parts processing || 278 | |||
|- | |- | ||
| {{flag|US}} || ] || 1897 || 1897 || 1930 || Discontinued ||1962 || Reorganized as ]. Merged into GM's ] in 1938. Folded into ] in 1962. | |||
| ] || Ontario || 2008 || Engine/Transmission parts || 1,699 | |||
|- | |- | ||
| {{flag|US}} || ] || 1920 || 1920 || 1925 ||Discontinued || 1943 || Absorbed into ] | |||
| ] 3800 || Michigan || 2008 || Engines || 2,677 | |||
|- | |- | ||
| {{flag|US}} || ] ||1923 || 1923 || 1925 || Discontinued || 1943 || Absorbed into ] | |||
|} | |} | ||
==Corporate affairs== | |||
== Controversy over electric vehicles == | |||
] | |||
=== Business trends === | |||
On June 30, 2006 a documentary about the demise of the ] and other electric vehicles entitled "]" debuted in theatres across America, sparking criticism of the motivation behind the cancellation of their electric car program. | |||
The key trends for GM are (as of the financial year ending December 31):<ref>{{Cite web |title=General Motors Financial Statements yearly {{!}} GM |url=https://www.macrotrends.net/stocks/charts/GM/general-motors/financial-statements |access-date=2024-08-02 |website=www.macrotrends.net}}</ref><ref>{{Cite web |title=SEC Filings |url=https://investor.gm.com/sec-filings?field_nir_sec_form_group_target_id%5B%5D=471&field_nir_sec_date_filed_value=#views-exposed-form-widget-sec-filings-table |access-date=2 August 2024 |website=GM}}</ref> | |||
{| class="wikitable" style="text-align:center" | |||
! | |||
!Revenue<br>(US$ bn) | |||
!Net profit<br>(US$ bn) | |||
!Total assets<br>(US$ bn)<ref>{{Cite web |title=General Motors Total Assets yearly {{!}} GM |url=https://www.macrotrends.net/stocks/charts/GM/general-motors/total-assets |access-date=2024-08-02 |website=www.macrotrends.net}}</ref> | |||
!Employees<br>(k)<ref>{{Cite web |title=General Motors: Number of Employees yearly {{!}} GM |url=https://www.macrotrends.net/stocks/charts/GM/general-motors/number-of-employees |access-date=2024-08-02 |website=www.macrotrends.net}}</ref> | |||
!Car sales<br>worldwide (m)<ref>{{Cite web |title=General Motors Company: global vehicles sales in 2023 |url=https://www.statista.com/statistics/225326/amount-of-cars-sold-by-general-motors-worldwide/ |access-date=2024-08-02 |website=Statista |language=en}}</ref> | |||
|- | |||
|2016 | |||
|149 | |||
|9.2 | |||
|221 | |||
|225 | |||
|10.0 | |||
|- | |||
|2017 | |||
|145 | |||
|<span style="color:red;">−3.8</span> | |||
|212 | |||
|180 | |||
|9.6 | |||
|- | |||
|2018 | |||
|147 | |||
|8.0 | |||
|227 | |||
|173 | |||
|8.3 | |||
|- | |||
|2019 | |||
|137 | |||
|6.7 | |||
|228 | |||
|164 | |||
|7.7 | |||
|- | |||
|2020 | |||
|122 | |||
|6.4 | |||
|235 | |||
|155 | |||
|6.8 | |||
|- | |||
|2021 | |||
|127 | |||
|10.0 | |||
|244 | |||
|157 | |||
|6.2 | |||
|- | |||
|2022 | |||
|156 | |||
|9.9 | |||
|264 | |||
|167 | |||
|5.9 | |||
|- | |||
|2023 | |||
|171 | |||
|10.1 | |||
|273 | |||
|163 | |||
|6.1 | |||
|} | |||
===Vehicle sales=== | |||
Consumer advocates, activists, commentators, journalists, and documentary makers claim GM had deliberately ] their company's zero emission electric vehicle efforts through several methods: failing to market, failing to produce appropriate vehicles, failing to satisfy demand, and using lease-only programs with prohibitions against end of lease purchase. | |||
General Motors was the largest global automaker by annual vehicle sales for 77 consecutive years, from 1931, when it overtook ], until 2008 when it was overtaken by ]. This reign was longer than any other automaker, and GM is still among the world's largest automakers by vehicle unit sales.<ref name=NYT /> | |||
In 2008, the third-largest individual country by sales was Brazil, with some 550,000 GM vehicles sold. In that year, Argentina, Colombia, and Venezuela sold another 300,000 GM vehicles, suggesting that the total GM sales in South America (including sales in other South American countries such as Chile, Peru, Ecuador, Bolivia, etc.) in that year were at a similar level to sales in China.{{citation needed|date=February 2022}} | |||
The process of obtaining GM's first electric vehicle the EV1 was difficult. The vehicle could not be purchased outright. Instead, General Motors offered a closed-end lease for three years, with no renewal or residual purchase options. The EV1 was only available from specialist Saturn dealerships, and only in California and Arizona. Before reviewing leasing options, a potential lessee would be taken through a 'pre-qualification' process in order to learn how the EV1 was different from other vehicles. Next came a waiting list with no scheduled delivery date. | |||
In 2009, General Motors sold 6.5 million cars and trucks globally; in 2010, it sold 8.39 million.<ref>{{cite news |url=https://www.seattletimes.com/business/toyota-sold-84m-vehicles-in-2010-to-hold-top-spot/ |title=Toyota sold 8.4M vehicles in 2010 to hold top spot |date=January 24, 2011 | work=] |archive-date=February 15, 2017 |archive-url=https://web.archive.org/web/20170215033204/http://www.seattletimes.com/business/toyota-sold-84m-vehicles-in-2010-to-hold-top-spot/ |url-status=live}}</ref> Sales in China rose 66.9% in 2009 to 1,830,000 vehicles and accounting for 13.4% of the market.<ref>{{cite web |url=http://www.4wheelsnews.com/gms-china-vehicle-sales-in-2009-rose-66.9-percent/ |author=Andrew C. |title=GM's China vehicle sales in 2009 rose 66.9 percent |website=4wheelsnow.com |date=August 30, 2010 |access-date=January 2, 2011 |url-status=dead |archive-url=https://web.archive.org/web/20111007001352/http://www.4wheelsnews.com/gms-china-vehicle-sales-in-2009-rose-66.9-percent/ |archive-date=October 7, 2011}}</ref> | |||
Several weeks before the debut of the movie, the ] announced that its EV1 display was being permanently removed and the EV1 car put into storage. GM is a major financial contributor to the museum, and both parties denied that this fact contributed to the removal of the display. | |||
In 2010, General Motors ranked second worldwide with 8.5 million vehicles produced.<ref name="OICA2010">{{cite web |title=World Ranking of Manufacturers Year 2010 |url=https://www.oica.net/wp-content/uploads/ranking-2010.pdf |publisher=OICA |date=August 2011 |archive-date=July 6, 2016|archive-url=https://web.archive.org/web/20160706084038/http://oica.net/wp-content/uploads/ranking-2010.pdf|url-status=live}}</ref> In 2011, GM returned to the first place with 9.025 million units sold worldwide, corresponding to 11.9% ] of the global ] industry. In 2010, vehicle sales in China by GM rose 28.8% to a record 2,351,610 units.<ref>{{cite press release |url=http://media.gm.com/media/cn/en/gm/news.detail.html/content/Pages/news/cn/en/2011/Jan/0104.html |title=General Motors Sets New Sales Record in China in 2010 |date=January 5, 2011 |access-date=November 1, 2011 |archive-date=November 9, 2014 |archive-url=https://web.archive.org/web/20141109182337/http://media.gm.com/media/cn/en/gm/news.detail.html/content/Pages/news/cn/en/2011/Jan/0104.html |url-status=live}}</ref> The top two markets in 2011 were China, with 2,547,203 units, and the United States, with 2,503,820 vehicles sold. The Chevrolet brand was the main contributor to GM performance, with 4.76 million vehicles sold around the world in 2011, a global sales record.<ref>{{cite press release |url=https://www.greencarcongress.com/2012/01/gm-20120120.html |title=GM global sales up 7.6% in 2011 to 9.026M vehicles; China and US largest markets |publisher=Green Car Congress |work=General Motors |date=January 20, 2012 |access-date=January 20, 2012 |archive-date=February 2, 2012 |archive-url=https://web.archive.org/web/20120202100356/http://www.greencarcongress.com/2012/01/gm-20120120.html |url-status=live}}</ref> | |||
===From General Motors=== | |||
General Motors has responded to complaints about the scrapping of the EV1 program and they dispute the existence of any conspiracy surrounding its demise. An entry was posted on the in 2006 in which GM defended its decision by saying that it was unable to guarantee the vehicles could continue to be maintained in a safe operating state. | |||
Based on global sales in 2012, General Motors was ranked among the world's largest automakers.<ref>{{cite news |url=https://www.bloomberg.com/news/2013-01-28/toyota-takes-global-auto-sales-lead-from-gm-on-disaster-recovery.html | title=Toyota Retakes Global Lead From GM on Disaster Recovery | work=] |date=January 28, 2013 | url-access=subscription |archive-date=January 31, 2013 |archive-url=https://web.archive.org/web/20130131004455/http://www.bloomberg.com/news/2013-01-28/toyota-takes-global-auto-sales-lead-from-gm-on-disaster-recovery.html |url-status=live}}</ref> | |||
GM allege that during the four years available to the public, only 800 EV1's were released. Over $1 billion was spent on the EV1 program, with a great portion used for consumer incentives and marketing. With a waiting list of 5,000 applicants, only 50 individuals actually were willing to accept a lease on the EV1. Suppliers ceased production of replacement parts due to the low demand for the EV1. This made repairs and continued safety of the vehicles difficult. {{Fact|date=February 2007}} | |||
In May 2012, GM recorded an 18.4% market share in the U.S. with stock imported.<ref>{{cite web |last=Taylor |first=Tom|title=Car sales |url=http://www.autocomparison.com/ |website=Autocomparison.com |access-date=September 21, 2012 |archive-date=September 9, 2012|archive-url=https://web.archive.org/web/20120909150601/http://www.autocomparison.com/|url-status=live}}</ref> | |||
General Motors (GM) has responded to allegations made in the film through a blog post entitled by Dave Barthmuss of their communications department. He does not address the movie directly, since he claims he has not seen it, but tells GM's side of the story | |||
Annual worldwide sales volume reached 10 million vehicles in 2016.<ref>{{cite web |url=https://money.cnn.com/2017/02/07/news/companies/gm-record-sales-profits/ |title=GM sells 10 million cars for first time thanks to China |first=Chris |last=Isidore | work=] |date=February 7, 2017 |archive-date=June 13, 2018 |archive-url=https://web.archive.org/web/20180613234233/http://money.cnn.com/2017/02/07/news/companies/gm-record-sales-profits/ |url-status=live}}</ref><ref>{{cite news |title=China car sales slump ripples globally |url=https://www.bbc.com/news/business-45803013 |work=BBC News |date=October 12, 2018 |archive-date=November 19, 2018 |archive-url=https://web.archive.org/web/20181119064729/https://www.bbc.com/news/business-45803013 |url-status=live}}</ref><ref>{{cite news | last1=Szczesny |first1=Joseph |title=Mirelestone: China Is General Motors' Biggest Market |url=https://www.cnbc.com/2013/07/08/milestone-china-now-general-motors-biggest-market.html | work=] |date=July 8, 2013 |archive-date=April 25, 2019 |archive-url=https://web.archive.org/web/20190425075019/https://www.cnbc.com/id/100870316 |url-status=live}}</ref> Sales in India for April 2016 – March 2017 declined to 25,823 units from 32,540 the previous year and market share contracted from 1.17% to 0.85% for the same period. However, exports surged 89% during the same period to 70,969 units. GMTC-I, GM's technical center in ], India continued in operation. Weak product line-up and below par service quality were the reasons for the poor showing by GM in India that year.<ref>{{cite web |url=http://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/gms-india-exit-the-episodic-events-of-shock-confusion-and-failure/58814677 |title=GM's India Exit: The episodic events of shock, confusion and failure |work=ET Auto |access-date=May 5, 2017 |archive-date=May 24, 2017 |archive-url=https://web.archive.org/web/20170524184753/http://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/gms-india-exit-the-episodic-events-of-shock-confusion-and-failure/58814677 |url-status=live}}</ref><ref>{{cite news |url=http://timesofindia.indiatimes.com/business/india-business/general-motors-to-stop-india-sales-on-rising-losses/articleshow/58742167.cms |title=General Motors to stop India sales on rising losses |work=The Times of India |access-date=May 5, 2017 |archive-date=May 29, 2017 |archive-url=https://web.archive.org/web/20170529095947/http://timesofindia.indiatimes.com/business/india-business/general-motors-to-stop-india-sales-on-rising-losses/articleshow/58742167.cms |url-status=live}}</ref> | |||
<blockquote>Sadly, despite the substantial investment of money and the enthusiastic fervor of a relatively small number of EV1 drivers — including the filmmaker — the EV1 proved far from a viable commercial success.</blockquote> | |||
Global Volt/Ampera family sales totalled about 177,000 units from its inception in December 2010 through 2018.<ref name=Top5Global102018>{{cite web |url=http://ev-sales.blogspot.com/2018/11/global-all-time-top-5-until-oct-18.html |title=Global All-Time Top 5 (Until October '18) |last=Pontes |first=Jose |website=EVSales.com |date=November 30, 2018 |archive-date=December 2, 2018 |archive-url=https://web.archive.org/web/20181202024750/http://ev-sales.blogspot.com/2018/11/global-all-time-top-5-until-oct-18.html |url-status=live}}</ref> including over 10,000 Opel/Vauxhall Amperas sold in Europe up to December 2015.<ref name=LeafBest250K>{{cite news | url=http://www.hybridcars.com/nissans-quarter-millionth-leaf-means-its-the-best-selling-plug-in-car-in-history/ | title=Nissan's Quarter-Millionth Leaf Means It's The Best-Selling Plug-in Car In History | first=Jeff | last=Cobb |website=HybridCars.com | date=January 9, 2017 | archive-date=January 11, 2017 | archive-url=https://web.archive.org/web/20170111185050/http://www.hybridcars.com/nissans-quarter-millionth-leaf-means-its-the-best-selling-plug-in-car-in-history/ | url-status=live}} ''{{As of|2016|12}}, the Nissan Leaf is the world's best-selling plug-in car in history with more than 250,000 units delivered, followed by the Tesla Model S with over 158,000 sales, the Volt/Ampera family of vehicles with 134,500 vehicles sold, and the Mitsubishi Outlander PHEV with about 116,500 units sold through November 2016. These are the only plug-in electric cars so far with over 100,000 global sales.''</ref><ref>{{cite news| url=http://www.hybridcars.com/global-10-best-selling-plug-in-cars-are-accelerating-forward/| title=Global 10 Best-Selling Plug-In Cars Are Accelerating Forward| first=Jeff | last=Cobb |website=HybridCars.com |date=August 10, 2016 | archive-date=August 11, 2016| archive-url=https://web.archive.org/web/20160811141742/http://www.hybridcars.com/global-10-best-selling-plug-in-cars-are-accelerating-forward/| url-status=live}} ''{{As of|2016|06}}, cumulative global sales of the top selling plug-in electric cars were led by the Nissan Leaf (over 228,000), followed by the Tesla Model S (129,393), Votl/Ampera family (about 117,300), Mitsubishi Outlander PHEV (about 107,400), Toyota Prius PHV (over 75,400), BYD Qin (56,191), Renault Zoe (51,193), BMW i3 (around 49,500), Mitsubishi i-MiEV family (about 37,600) and BYD Tang (37,509).''</ref> The Volt family of vehicles ranked as the world's all-time top-selling ] {{as of|2018|09|lc=y}}, and it is also the third best selling ] in history after the ] (375,000) and the ] (253,000), {{as of|2018|10|lc=y}}.<ref name=Top5Global102018/> The Chevrolet Volt is also the U.S. all-time top-selling plug-in electric car with 148,556 units delivered through October 2018.<ref>{{cite web |url=https://www.forbes.com/sites/niallmccarthy/2021/05/25/report-tesla-dominated-us-electric-vehicle-sales-over-the-past-three-years-infographic/ |title=Tesla Dominated U.S. Electric Vehicle Sales Over The Past Three Years |first=Neil |last=McCarthy |work=] |date=March 25, 2021}}</ref><ref name=TopUS102018>{{cite web | url=https://insideevs.com/chevrolet-volt-dead-electric-car-sales-leader/ | title=RIP Chevy Volt: USA's Best-Selling Electric Car Of All Time |first=Mark |last=Kane |website=] |date=November 29, 2018 |archive-date=December 2, 2018 | archive-url=https://web.archive.org/web/20181202024837/https://insideevs.com/chevrolet-volt-dead-electric-car-sales-leader/ | url-status=live}}</ref> | |||
Barthmuss notes investments in electric vehicle technology since the EV1: ], plug-in hybrid, and fuel cell vehicle programs. The filmmakers suggested that GM did not immediately channel its technological progress with the EV1 into these projects, and instead let the technology languish while focusing on more immediately profitable enterprises such as SUVs. | |||
{| class="wikitable sortable" | |||
Unlike the movie, GM is bullish on hydrogen, according to Barthmuss: | |||
|+ GM worldwide 2008 vehicle sales<ref>{{cite news|url=https://www.nytimes.com/imagepages/2009/06/04/business/04overseas.graf01.ready.html|title=Going Global|newspaper=The New York Times |date=June 4, 2009|access-date=June 6, 2009|archive-date=September 23, 2009|archive-url=https://web.archive.org/web/20090923151151/http://www.nytimes.com/imagepages/2009/06/04/business/04overseas.graf01.ready.html|url-status=live}}</ref><br />(thousands) | |||
|- | |||
! Rank<br />in GM | |||
! Location | |||
! Vehicle<br />sales | |||
! Market<br />share (%) | |||
|- | |||
!1 | |||
| {{USA}} || align=right|2,981 || align=right|22.1% | |||
|- | |||
!2 | |||
| {{CHN}} || align=right|1,095 || align="right" |12.0% | |||
|- | |||
!3 | |||
| {{BRA}} || align=right|549 || align=right|19.5% | |||
|- | |||
!4 | |||
| {{GBR}} || align=right|384 || align=right|15.4% | |||
|- | |||
!5 | |||
| {{CAN}} || align=right|359 || align=right|21.4% | |||
|- | |||
!6 | |||
| {{RUS}} || align=right|338 || align=right|11.1% | |||
|- | |||
!7 | |||
| {{GER}} || align=right|300 || align=right|8.8% | |||
|- | |||
!8 | |||
| {{MEX}} || align=right|212 || align=right|19.8% | |||
|- | |||
!9 | |||
| {{AUS}}|| align=right|133 || align=right|13.1% | |||
|- | |||
!10 | |||
| {{KOR}} || align=right|117 || align=right|9.7% | |||
|- | |||
!11 | |||
| {{FRA}} || align=right|114 || align=right|4.4% | |||
|- | |||
!12 | |||
| {{ESP}} || align=right|107 || align=right|7.8% | |||
|- | |||
!13 | |||
| {{ARG}} || align=right|95 || align=right|15.5% | |||
|- | |||
!14 | |||
| {{VEN}} || align=right|91 || align=right|33.3% | |||
|- | |||
!15 | |||
| {{COL}} || align=right|80 || align=right|36.3% | |||
|- | |||
!16 | |||
| {{IND}} || align="right" |66 || align=right|3.3% | |||
|} | |||
{| class="wikitable" | |||
<blockquote>Although hydrogen fuel cell technology was cast as a pie-in-the-sky technology by the moviemakers, GM is making great progress in fuel cell research and development and is on track to achieving its goal to validate and design a fuel cell propulsion system by 2010 that is competitive with current combustion systems on durability and performance, and that ultimately can be built at scale, affordably.</blockquote> | |||
|- | |||
! Year | |||
! U.S. sales<br />(vehicles) | |||
! Chg/yr. | |||
|- | |||
| 1998<ref>{{cite press release |url=http://media.gm.com/news/releases/g000105a.html |title=mediaOnline |website=Media.gm.com |date=January 5, 2000 |access-date=July 19, 2009 |archive-url=https://archive.today/20040602014537/http://media.gm.com/news/releases/g000105a.html |archive-date=June 2, 2004 |url-status=dead}}</ref> | |||
| 4,603,991 | |||
| | |||
|- | |||
| 1999 | |||
| 5,017,150 | |||
| {{increase}}9.0% | |||
|- | |||
| 2000<ref>{{cite press release |url=http://www.media.gm.com/news/releases/020103decembersales.html |title=mediaOnline |website=Media.gm.com |date=January 3, 2002|access-date=July 19, 2009|archive-url=https://web.archive.org/web/20040314185653/http://www.media.gm.com/news/releases/020103decembersales.html |archive-date=March 14, 2004}}</ref> | |||
| 4,953,163 | |||
| {{decrease}}1.3% | |||
|- | |||
| 2001 | |||
| 4,904,015 | |||
| {{decrease}}1.0% | |||
|- | |||
| 2002 | |||
| 4,858,705 | |||
| {{decrease}}0.9% | |||
|- | |||
| 2003 | |||
| 4,756,403 | |||
| {{decrease}}2.1% | |||
|- | |||
| 2004<ref>{{cite web |url=http://www.theautochannel.com/news/2006/01/05/205609.html |title=GM Reports December 2005 and Year Results |website=Theautochannel.com |date=January 5, 2006 |access-date=June 1, 2009 |archive-date=August 4, 2018 |archive-url=https://web.archive.org/web/20180804170316/https://www.theautochannel.com/news/2006/01/05/205609.html |url-status=live}}</ref> | |||
| 4,707,416 | |||
| {{decrease}}1.0% | |||
|- | |||
| 2005 | |||
| 4,517,730 | |||
| {{decrease}}4.0% | |||
|- | |||
| 2006<ref>{{cite press release |url=http://media.gm.com/servlet/GatewayServlet?target=http://image.emerald.gm.com/gmnews/viewmonthlyreleasedetail.do?domain=6&docid=31596 |archive-url=https://web.archive.org/web/20070428205137/http://media.gm.com/servlet/GatewayServlet?target=http://image.emerald.gm.com/gmnews/viewmonthlyreleasedetail.do?domain=6&docid=31596 |url-status=dead |archive-date=April 28, 2007 |title=GM Media Online |website=Media.gm.com |date=January 3, 2007 |access-date=June 1, 2009}}</ref> | |||
| 4,124,645 | |||
| {{decrease}}8.7% | |||
|- | |||
| 2007<ref>{{cite news |url=http://graphics8.nytimes.com/packages/pdf/business/20090217GMRestructuringPlan.pdf |title=2009–2014 Restructuring Plan |publisher=ASDFGeneral Motors |date=February 17, 2009 |access-date=September 9, 2012|archive-url=https://web.archive.org/web/20090218091845/http://graphics8.nytimes.com/packages/pdf/business/20090217GMRestructuringPlan.pdf |archive-date=February 18, 2009}}</ref> | |||
| 3,866,620 | |||
| {{decrease}}6.3% | |||
|- | |||
| 2008<ref>{{cite press release |url=http://media.gm.com/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2009/Jan/0105_DecSales2008.html |title=GM Reports 221,983 Deliveries in December; 2,980,688 Vehicles Sold in 2008 |website=Media.gm.com |date=January 5, 2009 |access-date=September 9, 2012 |archive-date=November 30, 2012 |archive-url=https://web.archive.org/web/20121130165329/http://media.gm.com/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2009/Jan/0105_DecSales2008.html |url-status=dead}}</ref> | |||
| 2,980,688 | |||
| {{decrease}}22.9% | |||
|- | |||
| 2009<ref>{{cite press release |url=http://www.prnewswire.com/news-releases/chevrolet-buick-gmc-and-cadillac-post-sales-gains-80720277.html |title=Chevrolet, Buick, GMC and Cadillac Post Sales Gains |location=Michigan |agency=PR Newswire |date=January 5, 2010 |access-date=February 18, 2010 |archive-date=May 15, 2012 |archive-url=https://web.archive.org/web/20120515083505/http://www.prnewswire.com/news-releases/chevrolet-buick-gmc-and-cadillac-post-sales-gains-80720277.html |url-status=live}}</ref> | |||
| 2,084,492 | |||
| {{decrease}}30.1% | |||
|- | |||
| 2010<ref>{{cite press release |url=http://www.prnewswire.com/news-releases/general-motors-2010-calendar-year-sales-up-21-percent-december-sales-increase-16-percent---best-month-of-2010-112868149.html |title=General Motors 2010 Calendar Year Sales Up 21 Percent; December Sales Increase 16 |location=Michigan |agency=PR Newswire |date=January 4, 2011 |access-date=April 25, 2011 |archive-date=August 4, 2018 |archive-url=https://web.archive.org/web/20180804200917/https://www.prnewswire.com/news-releases/general-motors-2010-calendar-year-sales-up-21-percent-december-sales-increase-16-percent---best-month-of-2010-112868149.html |url-status=live}}</ref> | |||
| 2,215,227 | |||
| {{increase}}6.3% | |||
|- | |||
| 2011<ref>{{cite press release |url=http://media.gm.com/content/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2012/Jan/gmsales |title=GM's U.S. Sales Increase 5 Percent in December |website=Media.gm.com |access-date=January 6, 2012 |archive-date=January 8, 2012 |archive-url=https://web.archive.org/web/20120108150654/http://media.gm.com/content/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2012/Jan/gmsales |url-status=live}}</ref> | |||
| 2,503,820 | |||
| {{increase}}13.7% | |||
|- | |||
| 2012 | |||
| 2,595,717 | |||
| {{increase}}3.7% | |||
|- | |||
| 2013<ref>{{cite press release |url=http://media.gm.com/dld/content/dam/Media/gmcom/investor/2014/jan/Deliveries-December-2013.pdf |title=Deliveries – December 2013 |access-date=January 4, 2014 |archive-date=August 7, 2017 |archive-url=https://web.archive.org/web/20170807124151/http://media.gm.com/dld/content/dam/Media/gmcom/investor/2014/jan/Deliveries-December-2013.pdf |url-status=dead}}</ref> | |||
| 2,786,078 | |||
| {{increase}}7.3% | |||
|- | |||
| 2014<ref>{{cite press release |url=http://media.gm.com/dld/content/Pages/news/us/en/2015/Jan/gmsales/_jcr_content/rightpar/sectioncontainer/par/download_0/file.res/Deliveries-December-2014.pdf |title=Deliveries - December 2014 |access-date=February 14, 2015 |archive-date=March 4, 2016 |archive-url=https://web.archive.org/web/20160304055257/http://media.gm.com/dld/content/Pages/news/us/en/2015/Jan/gmsales/_jcr_content/rightpar/sectioncontainer/par/download_0/file.res/Deliveries-December-2014.pdf |url-status=live}}</ref> | |||
| 2,935,008 | |||
| {{increase}}5.3% | |||
|- | |||
| 2015<ref>{{cite press release|url=http://media.gm.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2016/Jan/0105-gmsales.html|title=GM, Chevrolet Lead with the Industry's Largest Retail Market Share Increases of 2015|work=media.gm.com|access-date=January 19, 2016|archive-date=January 27, 2016|archive-url=https://web.archive.org/web/20160127142820/http://media.gm.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2016/Jan/0105-gmsales.html|url-status=live}}</ref> | |||
| 3,082,366 | |||
| {{increase}}5.0% | |||
|- | |||
| 2016 | |||
| 3,042,773 | |||
|{{decrease}}1.3% | |||
|- | |||
| 2017 | |||
| 3,002,241 | |||
|{{decrease}}1.3% | |||
|- | |||
| 2018 | |||
| 2,954,037 | |||
|{{decrease}}1.5% | |||
|- | |||
| 2019<ref>{{cite press release |url=https://investor.gm.com/news-releases/news-release-details/gm-sells-more-1-million-crossovers-again-2019-and-over-1-million |title=GM Sells More Than 1 Million Crossovers Again in 2019, and Over 1 Million Full-Size Trucks |publisher=GM |location=Detroit |date=January 3, 2020 |access-date=January 6, 2020 |archive-date=January 15, 2020 |archive-url=https://web.archive.org/web/20200115130256/https://investor.gm.com/news-releases/news-release-details/gm-sells-more-1-million-crossovers-again-2019-and-over-1-million |url-status=live}}</ref> | |||
| 2,887,046 | |||
|{{decrease}}2.3% | |||
|- | |||
| 2020<ref>{{cite press release |url=https://investor.gm.com/news-releases/news-release-details/gm-2020-sales-far-outperform-us-industry-fourth-quarter-and |title=GM 2020 Sales Far Outperform the U.S. Industry in Fourth Quarter and Calendar Year |publisher=GM |location=Detroit, Michigan |date=January 5, 2021 |access-date=February 27, 2021}}</ref> | |||
| 2,547,339 | |||
|{{decrease}}11.8% | |||
|- | |||
| 2021<ref name="GMsales2023" /> | |||
| 2,218,228 | |||
|{{decrease}}12.9% | |||
|- | |||
| 2022<ref name="GMsales2023">{{cite press release |url=https://pressroom.gm.com/gmbx/us/en/pressroom/home/news.detail.html/Pages/news/us/en/2023/jan/0104-gmsales.html |title=GM Delivers a Year of Firsts |publisher=GM |date=January 4, 2023 |access-date=March 3, 2023}}</ref> | |||
| 2,274,088 | |||
|{{increase}}2.5% | |||
|- | |||
| 2023<ref>{{cite press release |url=https://pressroom.gm.com/dld/content/Pages/news/us/en/2024/jan/0103-gmsales/_jcr_content/rightpar/sectioncontainer_0/par/download_1893561245/file.res/Deliveries-Q4-2023.pdf |title=GM U.S. deliveries for quarter 4 2023 |publisher=GM |location=Detroit, Michigan |date=January 3, 2024 |access-date=January 4, 2024}}</ref> | |||
| 2,594,698 | |||
|{{increase}}14.1% | |||
|} | |||
{| class="wikitable sortable" | |||
According to GM, not all of the EV1's were destroyed. Many were donated to research institutions and facilities, along with museums. | |||
|+ GM worldwide 2019 vehicle sales<ref name="2019globalSales">{{cite web|url=https://investors.gm.com/news-releases/news-release-details/gm-reports-earnings-and-provides-2020-outlook|title=GM Reports Earnings and Provides 2020 Outlook|date=February 5, 2020 |publisher=General Motors|url-status=live|archive-url=https://web.archive.org/web/20200217170224/https://investors.gm.com/news-releases/news-release-details/gm-reports-earnings-and-provides-2020-outlook|archive-date=February 17, 2020|access-date=February 17, 2020}}</ref> | |||
|- | |||
! Location | |||
! Total sales | |||
! Year-On-Year<br />change | |||
! Year-On-Year<br />change (%) | |||
|- | |||
| GM North America || align=right|3,367,374 || align="right" |(122,740)|| align="right" |(3.5) | |||
|- | |||
| GM Europe || align=right|3,590 || align="right" |(266)|| align="right" |(6.9) | |||
|- | |||
| GM South America|| align=right|668,842|| align="right" |(21,355)|| align="right" |(3.1) | |||
|- | |||
| GM International|| align=right|584,520|| align="right" |28,033|| align="right" |5.0 | |||
|- | |||
| China|| align=right|3,093,604|| align="right" |(551,440)|| align="right" |(15.1) | |||
|- | |||
| Total || align=right|7,717,930|| align="right" |(667,768)|| align="right" |(8.0) | |||
|} | |||
=== Management === | |||
There is no other '''major''' automaker on the road offering a fully electric vehicle designed for everyday use on public transportation routes. . However the Norwegian built electric car ], which ] bought and mothballed after a similar lease-only release, is still very popular in Norway thanks to the government's policy to promote the use of electrical cars. Think have recently switched to production of electric buses and other public transportation. EVs in ] are exempt from taxes, have free parking, pass toll roads for free, and are allowed to drive in the bus lanes avoiding traffic congestions. This has lead to many Norwegian consumers buying back second-hand the many Think cars that were recalled after the similarly sabotaged lease programs in other countries. | |||
==== Current board of directors ==== | |||
== See also == | |||
Notable members of the ] of the company are as follows:<ref name=10K/> | |||
=== People === | |||
{{bullet list | |||
*] | |||
| ], Chairman and CEO of General Motors | |||
| Joseph Ashton, former Vice President of the International Union at ] | |||
| Linda Gooden, former Vice President of Information Systems and Global Solutions at ] | |||
| ], CEO of ] | |||
| ], former President and CEO at ] | |||
| ], former ] | |||
| ], former CEO, President, and Chairman at ] | |||
| ], CEO of ] | |||
| ], former CFO of ] | |||
| Theodore Solso, former CEO and Chairman of ] | |||
| ], former dean at ] | |||
| ], former President and CEO of ] | |||
| ], CEO of DVx Ventures LLC | |||
}} | |||
==== Chairmen of the Board of General Motors ==== | |||
=== Books and Films === | |||
*]{{snd}}November 19, 1912 – November 16, 1915 | |||
* '']'' - A documentary film that shows the 1984 GM contract negotiations, that would result in the union split of the Canadian arm of the ]. A very interesting inside look at union negotiations. | |||
*]{{snd}}November 16, 1915 – February 7, 1929 | |||
* '']'' - the first documentary by filmmaker ]. The film criticizes General Motors for closing down its factories in Moore's hometown of ], despite record profits. After Flint residents lose their many jobs at GM, Moore claims the town descends into economic chaos. | |||
*]{{snd}}February 7, 1929 – May 3, 1937 | |||
* '']'' - A documentary film charting GM's launch, then alleged self-sabotage of the electric car ]. | |||
*]{{snd}}May 3, 1937 – April 2, 1956 | |||
*]{{snd}}April 2, 1956 – August 31, 1958 | |||
*]{{snd}}September 1, 1958 – October 31, 1967 | |||
*]{{snd}}November 1, 1967 – December 31, 1971 | |||
*]{{snd}}January 1 – November 30, 1974 | |||
*]{{snd}}December 1, 1974 – December 31, 1980 | |||
*]{{snd}}January 1, 1981 – July 31, 1990 | |||
*]{{snd}}August 1, 1990 – November 1, 1992 | |||
*]{{snd}}November 2, 1992 – December 31, 1995 | |||
*]{{snd}}January 1, 1996 – April 30, 2003 | |||
*]{{snd}}May 1, 2003 – March 30, 2009 | |||
*]{{snd}}March 30 – July 10, 2009 | |||
*]{{snd}}July 10, 2009 – December 31, 2010 | |||
*]{{snd}}December 31, 2010 – January 15, 2014 | |||
*]{{snd}}January 15, 2014 – January 4, 2016 | |||
*]{{snd}}January 4, 2016 – Present | |||
==== Chief Executive Officers of General Motors ==== | |||
=== Brands === | |||
*]{{snd}}May 10, 1923 – June 3, 1946 | |||
*]* | |||
*]{{snd}}June 3, 1946 – January 26, 1953 | |||
*]* | |||
*]{{snd}}February 2, 1953 – August 31, 1958 | |||
*]* | |||
*]{{snd}}November 1, 1967 – December 31, 1971 | |||
*] (as a stand-alone brand in Europe and Japan)* | |||
*]{{snd}}January 1, 1972 – November 30, 1974 | |||
*]* | |||
*]{{snd}}December 1, 1974 – December 31, 1980 | |||
*]* | |||
*]{{snd}}January 1, 1981 – July 31, 1990 | |||
*]* | |||
*]{{snd}}August 1, 1990 – November 1, 1992 | |||
*]* | |||
*]{{snd}}November 2, 1992 – May 31, 2000 | |||
*] | |||
*]{{snd}}June 1, 2000 – March 30, 2009 | |||
*] | |||
*]{{snd}}March 30 – December 1, 2009 | |||
*] | |||
*]{{snd}}December 1, 2009 – September 1, 2010 | |||
*] | |||
*]{{snd}}September 1, 2010 – January 15, 2014 | |||
*]* | |||
*]{{snd}}January 15, 2014 – Present | |||
*]* | |||
*]* | |||
*]* | |||
*]* | |||
*] | |||
==Philanthropy== | |||
(*) Signifies the brand is extant | |||
From 1976 until 2017, philanthropic activity was carried out via the ], a 501(c)(3) foundation.<ref>{{Cite news | url=https://www.detroitnews.com/story/business/autos/general-motors/2017/06/12/gm-giving/102764328/ | title=GM to end foundation, redirect its charitable giving | first=Melissa | last=Burden | work=] | date=June 12, 2017}}</ref> | |||
General Motors has a close relationship with the ] and has fundraised for and donated cash and vehicles to the charity.<ref>{{Cite news | url=https://www.austinchronicle.com/news/1995-11-03/530000/ | title=Money's Green, Too | first=Andrea | last=Barnett | work=] | date=November 3, 1995}}</ref> | |||
=== Other Related Topics === | |||
*] | |||
*] including General Motors | |||
Since 1997, GM has been a source of funding for ]'s "Safe Kids Buckle Up" program, an initiative to ensure child automobile safety through education and inspection.<ref>{{cite web | title=The General Motors Foundation | url=https://www.safekids.org/general-motors | publisher=] | archive-date=March 8, 2017 | archive-url=https://web.archive.org/web/20170308134055/https://www.safekids.org/general-motors-foundation | url-status=live}}</ref><ref>{{cite press release | title=Safe Kids USA Donates 500,000th Child Safety Seat | url=https://www.webwire.com/ViewPressRel.asp?aId=146478 | publisher=WebWire | archive-date=May 16, 2012 | archive-url=https://web.archive.org/web/20120516072859/http://www.webwire.com/ViewPressRel.asp?aId=146478 | url-status=live}}</ref> | |||
=== Subsidiaries === | |||
*] | |||
*] | |||
*] | |||
*] | |||
*] (50.9%) | |||
*] | |||
*] | |||
*] (50%) | |||
== |
==Labor conflicts== | ||
General Motors' American workers are unionized generally under the ] (UAW), which is the primary auto workers union in the United States. | |||
*] | |||
*] | |||
*] | |||
=== |
===Flint sit-down strike=== | ||
{{Main|Flint sit-down strike}} | |||
*] | |||
] | |||
*] | |||
*] | |||
*] | |||
*] | |||
*] | |||
*] | |||
*] | |||
The 1936–1937 ] against General Motors changed the UAW from a collection of isolated ]s on the fringes of the industry into a major ] and led to the unionization of the domestic United States ]. | |||
== References == | |||
<div class="references-small"> | |||
<references /> | |||
</div> | |||
== Further reading == | |||
* Barabba, Vincent P. ''Surviving Transformation: Lessons from GM's Surprising Turnaround'' (2004) | |||
* Chandler, Alfred D., Jr., ed. ''Giant Enterprise: Ford, General Motors, and the Automobile Industry'' 1964. | |||
* Cray, Ed. ''Chrome Colossus: General Motors and Its Times.'' 1980. | |||
* Farber, David. ''Sloan Rules: Alfred P. Sloan and the Triumph of General Motors'' U of Chicago Press 2002 | |||
* Gustin, Lawrence R. ''Billy Durant: Creator of General Motors'' , 1973. | |||
* Halberstam, David. ''The Reckoning'' (1986) detailed reporting on the crises of 1973-mid 1980s | |||
* Keller, Maryann. ''Rude Awakening: The Rise, Fall, and Struggle for Recovery of General Motors'', 1989. | |||
* Leslie, Stuart W. ''Boss Kettering: Wizard of General Motors'' Columbia University Press, 1983. | |||
* Maxton, Graeme P. and John Wormald, ''Time for a Model Change: Re-engineering the Global Automotive Industry'' (2004) | |||
* Maynard, Micheline. ''The End of Detroit: How the Big Three Lost Their Grip on the American Car Market'' (2003) | |||
* Rae, John B. ''The American Automobile: A Brief History''. University of Chicago Press, 1965. | |||
* Sloan, Alfred P., Jr. ''My Years with General Motors'', 1963. | |||
* Weisberger, Bernard A. ''The Dream Maker: William C. Durant, Founder of General Motors'' , 1979 | |||
== External links == | |||
==== Official ==== | |||
* | |||
* | |||
* | |||
* | |||
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* | |||
After the first convention of UAW in 1936, the union decided that it could not survive by piecemeal ] campaigns at smaller plants, as it had in the past, but that it could organize the automobile industry only by going after its biggest and most powerful employer, General Motors, focusing on GM's production complex in Flint, Michigan. | |||
==== Unofficial ==== | |||
* | |||
* - GM Enthusiast and News Forum | |||
* - GM Enthusiast and News Forum | |||
* | |||
* | |||
* | |||
* | |||
* (In portuguese) | |||
{{General Motors brands}} | |||
{{DJIA}} | |||
Organizing in Flint was a difficult and dangerous plan. GM controlled city politics in Flint and kept a close eye on outsiders. According to ], the UAW officer put in charge of the organizing campaign in Flint, he received a death threat by an anonymous caller when he visited Flint in 1936. GM also maintained an extensive network of spies throughout its plants. This forced UAW members to keep the names of new members secret and meeting workers at their homes. | |||
] | |||
] | |||
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] | |||
] | |||
] | |||
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As the UAW studied its target, it discovered that GM had only two factories that produced the ] from which car body components were stamped: one in Flint that produced the parts for ]s, ]s, and ]s, and another in ] that produced ] parts. | |||
] | |||
] | |||
] with machine guns overlooking Chevrolet factories number nine and number four]] | |||
] | |||
] | |||
While the UAW called for a sit-down strike in Flint, the police, armed with guns and tear gas, attempted to enter the Fisher Body 2 plant on January 11, 1937. The strikers inside the plant pelted them with hinges, bottles, and bolts. At the time, ] ] supported federal intervention to break up the Flint Strike, but this idea was rejected by ] ]. The president urged GM to distinguish a union so the plants could re-open. The strike ended after 44 days. | |||
] | |||
] | |||
That development forced GM to bargain with the union. ], President of the ] and founder and leader of the Congress of Industrial Organizations, spoke for the UAW in those negotiations; UAW President ] was sent on a speaking tour to keep him out of the way. GM's representatives refused to be in the same room as the UAW, so Governor ] acted as a courier and ] between the two groups. Governor Murphy sent in the ] not to evict the strikers but rather to protect them from the police and corporate ]s. The two parties finally reached an agreement on February 11, 1937, on a one-page agreement that recognized the UAW as the exclusive bargaining representative for GM's employees, who were union members for the next six months.<ref>{{cite news | url=https://www.hourdetroit.com/community/frank-murphys-law/ | last1=Bak | first1=Richard | title=(Frank) Murphy's Law | work=] | date=September 2008 | archive-date=July 23, 2012 | archive-url=https://web.archive.org/web/20120723065533/http://www.hourdetroit.com/Hour-Detroit/September-2008/Frank-Murpheys-Law/ |url-status=live}}</ref> | |||
] | |||
] | |||
===Tool and die strike of 1939=== | |||
] | |||
{{Main|Tool and die strike of 1939}} | |||
] | |||
] | |||
The ], also known as the "strategy strike", was an ultimately successful attempt by the UAW to be recognized as the sole representative for General Motors workers. In addition to representation rights, the UAW, working jointly with the ] (CIO), sought to resolve existing grievances of skilled workers. | |||
] | |||
] | |||
=== United Auto Workers (UAW) strike of 1945–1946 === | |||
] | |||
{{Main|1945-46 United Auto Workers strike}} | |||
] | |||
] | |||
From November 21, 1945, until March 13, 1946, (113 days) the UAW organized "320,000 hourly workers" to form a US-wide strike against the ], workers used the tactic of the ].<ref name="Barnard">{{Cite book | url=https://books.google.com/books?id=81th3H56WzEC | first=John | last=Barnard | title=American Vanguard: The United Auto Workers During the Reuther Years, 1935-1970 | publisher=Wayne State University Press | year=2004 | page=212| isbn=9780814329474 }}</ref> It was "the longest strike against a major manufacturer" that the UAW had yet seen, and it was also "the longest national GM strike in its history".<ref name="Barnard" /> As director of the UAW's General Motors Department (coordinator of union relations with GM),<ref>Kevin Boyle. ''The UAW and the Heyday of American Liberalism 1945–1968''. Cornell University Press, 1995, pp. 21–22. {{ISBN?}}</ref> ] suggested to his colleagues the idea of striking the GM manufacturing plants with a 'one-at-a-time' strategy, which was "intended to maximize pressure on the target company".<ref name="Barnard" /> Reuther also put forth the demands of the strikers: a 30 percent increase in wages and a hold on product prices. However, the strike ended with the dissatisfaction of Walter Reuther and the UAW, and the workers received only a 17.5-percent increase in wages. | |||
] | |||
] | |||
===2007 General Motors strike=== | |||
{{Main|2007 General Motors strike}} | |||
] | |||
The ] was a strike from September 24 to 26, 2007, by the UAW against General Motors. | |||
] | |||
] | |||
On September 24, 2007, General Motors workers represented by the UAW union went on strike against the company. The first US-wide strike against GM since 1970 was expected to idle 59 plants and facilities for an indefinite period of time. Talks broke down after more than 20 straight days of bargaining failed to produce a new contract. Major issues that proved to be stumbling blocks for an agreement included wages, benefits, job security and investments in US facilities.<ref>{{cite news | url=https://money.cnn.com/2007/09/24/news/companies/gm_uaw_strikedeadline/ | title=73,000 workers walk in nationwide GM strike | last=Isidore | first=Chris | work=] | date=September 24, 2007 | archive-date=March 27, 2019 |archive-url=https://web.archive.org/web/20190327085621/https://money.cnn.com/2007/09/24/news/companies/gm_uaw_strikedeadline/?postversion=2007092412 | url-status=live}}</ref><ref>{{Cite news | url=https://www.nytimes.com/2007/09/25/business/25auto.html | title=73,000 U.A.W. Members Go on Strike Against G.M. | first=Micheline | last=Maynard | work=] | date=September 25, 2007 | url-access=limited}}</ref><ref>{{Cite news | url=https://www.npr.org/templates/story/story.php?storyId=14720112 | title=Time Warp: The GM Strike, Then and Now | first=Eric | last=Weiner | work=] | date=September 26, 2007}}</ref> | |||
] | |||
] | |||
Two car assembly plants in ] and a transmission facility in ] closed on September 25. However, on September 26, a tentative agreement was reached, and the strike's end was announced by UAW officials in a news conference at 4 a.m.<ref>{{cite news | url=https://money.cnn.com/2007/09/26/news/companies/uaw_gm_deal/index.htm | title=GM-UAW reach deal to end strike | date=September 26, 2007 | last=Isidore | first=Chris | work=] |archive-date=August 24, 2019 | archive-url=https://web.archive.org/web/20190824041648/https://money.cnn.com/2007/09/26/news/companies/uaw_gm_deal/index.htm?postversion=2007092604 |url-status=live}}</ref> By the following day, all GM workers in both countries were back to work. | |||
] | |||
] | |||
=== 2019 General Motors strike === | |||
] | |||
{{Main|2019 General Motors strike}} | |||
] | |||
On the morning of September 15, 2019, after talks broke down to renew their contract, which expired earlier that day, the UAW announced that GM employees would begin striking at 11:59 pm.<ref>{{cite news |url=https://www.cnn.com/2019/09/16/business/uaw-gm-strike-general-motors/index.html | title=UAW workers go on strike against GM | last=Isidore | first=Chris | work=] |date=September 16, 2019 | archive-date=September 16, 2019 |archive-url=https://web.archive.org/web/20190916090131/https://www.cnn.com/2019/09/16/business/uaw-gm-strike-general-motors/index.html | url-status=live}}</ref> This strike shut down operations in nine states, including 33 manufacturing plants and 22 parts distribution warehouses.<ref>{{cite news |url=https://apnews.com/c54f47d7569c44d382995a3c3992eb53 |title=No Deal: Auto workers strike against GM in contract dispute |last1=Krisher |first1=Tom | last2=Householder | first2=Mike | work=] |date=September 16, 2019 | archive-date=September 16, 2019 |archive-url=https://web.archive.org/web/20190916094746/https://www.apnews.com/c54f47d7569c44d382995a3c3992eb53 |url-status=live}}</ref> After 40 days, on October 25, 2019, the "longest strike by autoworkers in a decade" and the longest against GM since 1970 came to an end when United Auto Workers members voted to approve a new contract with GM. Striking ] members received a $275 a week strike pay salary for the duration of the strike.<ref>{{Cite news |last1=Perkins |first1=Tom |last2=Rushe |first2=Dominic |date=October 25, 2019 |title=GM strike ends after 40 days with 48,000 staff to return to work |language=en-GB |work=The Guardian |url=https://www.theguardian.com/business/2019/oct/25/uaw-united-auto-workers-general-motors-strike-deal |access-date=August 12, 2023 |issn=0261-3077}}</ref> The strike cost GM more than $2 billion. | |||
=== 2023 United Auto Workers strike === | |||
{{Main|2023 United Auto Workers strike}} | |||
The 2023 strike launched by the UAW was the first strike against all three major American automakers in history. Then-recently elected UAW president ] stated that he was "fed up" with the current situation between workers and automakers; Fain specifically blasted the tiered workers system at automakers, failure for automakers to keep wages up with inflation, pensions, as well as the introduction of a ] as opposed to the five-day workweek. GM CEO ] protested that her company offered an "unprecedented deal" which gave workers 20% raises as well as "world-class" healthcare. Barra further stated that meeting all 1,000 plus demands would bankrupt the company and cost over $100 billion.<ref>{{Cite web |date=September 15, 2023 |title=GM CEO Mary Barra defends position amid UAW strike, says company put 4 offers on the table |url=https://www.cbsnews.com/news/uaw-strike-gm-ceo-mary-barra-defends-company-position-4-offers-on-the-table/ |access-date=September 19, 2023 |website=CBS News |first1=Analisa |last1=Novak |editor-first1=Sarah |editor-last1=Lynch Baldwin |language=en-US}}</ref><ref>{{Cite web |last1=White |first1=Joseph |last2=Shepardson |first2=David |date=March 27, 2023 |title=New UAW leader tells automakers: 'Our membership is fed up' |url=https://www.reuters.com/world/us/us-auto-union-leader-promises-fight-get-workers-fair-share-2023-03-27/ |url-status=live |archive-url=https://web.archive.org/web/20230822032911/https://www.reuters.com/world/us/us-auto-union-leader-promises-fight-get-workers-fair-share-2023-03-27/ |archive-date=August 22, 2023 |access-date=September 13, 2023 |publisher=]}}</ref> | |||
==Controversies== | |||
{{criticism section|date=December 2023}} | |||
===Streetcar conspiracy=== | |||
{{Main|General Motors streetcar conspiracy}} | |||
Between 1938 and 1950, GM allegedly deliberately monopolized the sale of buses and supplies to ] (NCL) and its subsidiaries, in violation of the ], intending to dismantle ] systems in many cities in the United States and make buses, sold by GM, the dominant form of ].{{citation needed|date=December 2023}} | |||
===Ralph Nader and the Corvair=== | |||
] | |||
{{Main|Unsafe at Any Speed: The Designed-In Dangers of the American Automobile}} | |||
'']'' by ], published in 1965, is a book accusing ] of being slow to introduce ] features and reluctant to spend money on improving safety. It relates to the first models of the ] (1960–1964) that had a ] suspension design that was prone to 'tuck under' in certain circumstances. To compensate for the removal of a front stabilizer bar (anti-roll bar) as a cost-cutting measure, Corvairs required ] pressures that were outside of the tire manufacturer's recommended tolerances. The Corvair relied on an unusually high front to rear pressure differential (15 psi front, 26 psi rear, when cold; 18 psi and 30 psi hot), and if one inflated the tires equally, as was standard practice for all other cars at the time, the result was dangerous over-steer.<ref>{{cite news | last=CSERE| first=CSABA | title=General Motors Celebrates a 100-Year History of Technological Breakthroughs | url=https://www.caranddriver.com/features/a15143719/general-motors-celebrates-a-100-year-history-of-technological-breakthroughs/ | work=Car and Driver |date=September 1, 2008 | archive-date=February 25, 2013 | archive-url=https://web.archive.org/web/20130225090611/http://www.caranddriver.com/columns/general-motors-celebrates-a-100-year-history-of-technological-breakthroughs|url-status=live}}</ref> | |||
In early March 1966, several media outlets, including '']'' and '']'', alleged that GM had tried to discredit ], hiring private detectives to tap his phones and investigate his past, and hiring prostitutes to trap him in compromising situations.<ref>{{cite news | url=https://www.legalaffairs.org/issues/November-December-2005/scene_longhine_novdec05.msp |title=Ralph Nader's museum of tort law will include relics from famous lawsuits{{snd}}if it ever gets built | date=December 2005 |website=LegalAffairs.org | archive-date=March 31, 2008 |archive-url=https://web.archive.org/web/20080331074458/http://www.legalaffairs.org/issues/November-December-2005/scene_longhine_novdec05.msp |url-status=live}}</ref><ref>{{cite web | date=May 7, 2005 | work=Federal Highway Administration |url= https://www.fhwa.dot.gov/infrastructure/safetyep.cfm |title=President Dwight D. Eisenhower and the Federal Role in Highway Safety: Epilogue – The Changing Federal Role |archive-date=October 4, 2012 |archive-url=https://web.archive.org/web/20121004052209/http://www.fhwa.dot.gov/infrastructure/safetyep.htm | url-status=live}}</ref> Nader sued the company for ] and settled the case for $425,000. Nader's lawsuit against GM was ultimately decided by the ], whose opinion in the case expanded ] to cover "overzealous surveillance".<ref>''Nader v. General Motors Corp.'', 307 N.Y.S.2d 647 (N.Y. 1970)</ref> Nader used the proceeds from the lawsuit to start the pro-consumer Center for Study of Responsive Law. | |||
A 1972 safety commission report conducted by ] concluded that the 1960–1963 Corvair possessed no greater potential for loss of control than its contemporary competitors in extreme situations.<ref>{{cite book | first1=Brent | last1=Fisse | first2=John |last2=Braithwaite |title=The Impact of Publicity on Corporate Offenders | publisher=State University of New York Press | year=1983 | page=30 | isbn=978-0-87395-732-8}}</ref> The ] (DOT) issued a press release in 1972 describing the findings of ] testing from the previous year. NHTSA conducted a series of comparative tests in 1971 studying the handling of the 1963 Corvair and four contemporary cars{{snd}}a ], ], ], and ]{{snd}}along with a second-generation Corvair (with its completely redesigned, independent rear suspension). The 143-page report reviewed NHTSA's extreme-condition handling tests, national crash-involvement data for the cars in the test as well as General Motors' internal documentation regarding the Corvair's handling.<ref>{{citation | work=National Highway Traffic Safety Administration |title=PB 211-015: Evaluation of the 1960–1963 Corvair Handling and Stability |date=July 1972 |publisher=National Technical Information Service}}</ref> | |||
NHTSA went on to contract an independent advisory panel of engineers to review the tests. This review panel concluded that 'the 1960–63 Corvair compares favorably with contemporary vehicles used in the tests ... the handling and stability performance of the 1960–63 Corvair does not result in an abnormal potential for loss of control or rollover, and it is at least as good as the performance of some contemporary vehicles both foreign and domestic'.{{citation needed|date=December 2023}} | |||
In 1980, former GM executive ] wrote in his book ''On a Clear Day You Can See General Motors'' that Nader's criticisms were valid.<ref>{{cite book | first=John Z. | last=DeLorean | author-link=John DeLorean | title=On a Clear Day You Can See General Motors |page= | publisher=Avon | year=1980 | isbn=9780380517220 | url=https://archive.org/details/oncleardayyoucan00delo |url-access=registration}}</ref> | |||
Journalist ] said that despite Nader's claim that swing-axle rear suspension were dangerous, ], ], and ] all used similar swing-axle concepts during that era.<ref>{{cite news | title=American Driver: The Late Ralph Nader | first=David E. Jr. | last=Davis | work=Motor Trend |date=January 14, 2005 |url= https://www.motortrend.com/features/ralph-nader/ | archive-date=May 31, 2014 |archive-url=https://web.archive.org/web/20140531063818/http://www.automobilemag.com/features/columns/0502_ralph_nader/ | url-status=live}}</ref> | |||
===Apartheid=== | |||
In 2002, GM (along with other multinational corporations) was sued by a group of South Africans represented by the ].<ref>{{Cite news |title=Suit Says Companies Aided Apartheid|work=The New York Times |date=November 13, 2002 |url=https://www.nytimes.com/2002/11/13/world/suit-says-companies-aided-apartheid.html|access-date=May 5, 2023 |language=en-US}}</ref> The plaintiffs alleged that the company provided vehicles to the South African security forces during the ]. The company settled with the plaintiffs in 2012, agreeing to pay a sum of up to $1.5 million.<ref>{{Cite news |title=GM settles with S.Africa apartheid victims|url=https://www.reuters.com/article/safrica-apartheid-gm-idCNL5E8E11YJ20120301|access-date=May 5, 2023 |website=reuters.com |date=March 2012 |language=en-US}}</ref> | |||
===Ignition switch recall=== | |||
{{Main|General Motors ignition switch recalls}} | |||
In May 2014, the ] fined the company $35 million for failing to recall cars with faulty ignition switches for a decade, despite knowing there was a problem with the switches. General Motors paid compensation for 124 deaths linked to the faulty switches.<ref>{{cite news | title=GM compensation fund completes review with 124 deaths |url= https://www.detroitnews.com/story/business/autos/general-motors/2015/08/24/gm-ignition-fund-completes-review/32287697/ | first=David | last=Shepardson |newspaper=The Detroit News | date=August 24, 2015 | archive-date=March 9, 2017 | archive-url= https://web.archive.org/web/20170309023749/http://www.detroitnews.com/story/business/autos/general-motors/2015/08/24/gm-ignition-fund-completes-review/32287697/ | url-status=live}}</ref> The $35 million fine was the maximum the regulator could impose.<ref>{{cite news | url=https://www.usatoday.com/story/money/cars/2014/05/16/gm-recall-probe/9169355/ | title=GM to pay maximum $35 million fine for recall delay | first=James R. | last=Healey |work=USA Today |date=May 16, 2014}}</ref> The total cost of the recall was estimated to be $1.5 billion.<ref name=shell/> As well as the Cobalts, the switches of concern had been installed in many other cars, such as the Pontiac G5, the Saturn Ion, the Chevrolet HHR, the Saturn Sky, and Pontiac Solstice. The recall involved about 2.6 million GM cars worldwide.<ref>{{cite news | url=https://www.nytimes.com/2014/03/29/business/a-florida-engineer-unlocked-the-mystery-of-gms-ignition-flaw.html | title=An Engineer's Eureka Moment With a G.M. Flaw | first=Bill | last=Vlasic |newspaper=The New York Times |date=March 28, 2014 | url-access=limited |archive-date=July 8, 2017 | archive-url=https://web.archive.org/web/20170708035715/https://www.nytimes.com/2014/03/29/business/a-florida-engineer-unlocked-the-mystery-of-gms-ignition-flaw.html?_r=2 | url-status=live}}</ref> | |||
=== Forced Uyghur labor === | |||
In 2020, the ] accused at least 82 major brands, including General Motors, of being connected to forced ] labor in ].<ref>{{cite web |url=https://www.aspi.org.au/report/uyghurs-sale |title=Uyghurs for sale |first1=Vicky Xiuzhong |last1=Xu |first2=Danielle |last2=Cave |first3=James |last3=Leibold |first4=Kelsey |last4=Munro |first5=Nathan |last5=Ruser |publisher=Australian Strategic Policy Institute |location=Australia |date=March 1, 2020 |access-date=March 15, 2022 |archive-date=August 24, 2020 |archive-url=https://web.archive.org/web/20200824215335/https://www.aspi.org.au/report/uyghurs-sale |url-status=dead }}</ref> | |||
=== Sale of driver data to insurance companies === | |||
General Motors has come under criticism for collecting highly detailed driver data and selling the personal information to insurance companies without consumers' consent or knowledge. Texas Attorney General ] sued General Motors on August 13, 2024, alleging that General Motors sold the information to at least two companies, ] and ], who then sold the information to insurance companies.<ref>{{cite web |url=https://www.cbsnews.com/news/gm-selling-driver-data-car-insurers-texas-lawsuit/ |title=GM is selling driver data to insurers without consumers' knowledge, Texas AG alleges |first1=Aimee |last1= Picchi |publisher=CBS News |date=August 15, 2024 |access-date=August 15, 2024}}</ref><ref>{{cite web |url=https://www.cnn.com/2024/08/13/business/texas-sues-general-motors-driver-data/index.html |title=Texas sues General Motors, alleging illegal selling of driver data |first1=Ramishah |last1= Maruf |publisher=CNN Business |date=August 14, 2024 |access-date=August 15, 2024}}</ref> | |||
==See also== | |||
{{Portal|United States|Michigan|Cars|Companies}} | |||
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==References== | |||
{{Reflist|30em}} | |||
==Further reading== | |||
{{refbegin|30em}} | |||
* {{cite journal | last1=Goolsbee |first1=Austan D. |last2=Krueger |first2=Alan B. | title=A retrospective look at rescuing and restructuring General Motors and Chrysler | journal=Journal of Economic Perspectives |volume=29 |number=2 |year=2015 |pages=3–24 |doi=10.1257/jep.29.2.3 |s2cid=113330698 |url=https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.29.2.3 |ref=none|hdl=10419/110116 |hdl-access=free }} | |||
* {{Sloan1964}} | |||
* {{cite book |title=Surviving Transformation: Lessons from GM's Surprising Turnaround |last=Barabba |first=Vincent P. |year=2004 |publisher=Oxford University Press |url=https://books.google.com/books?id=VvbDYad7cLoC |location=New York |isbn=978-0-19-517141-9 |oclc=474580094 |archive-date=January 1, 2016 |archive-url=https://web.archive.org/web/20160101014836/https://books.google.com/books?id=VvbDYad7cLoC&lpg=PP1&dq=Surviving%20Transformation%3A%20Lessons%20from%20GM%27s%20Surprising%20Turnaround&pg=PP1 |url-status=live |ref=none}} | |||
* {{cite book |title=Giant Enterprise: Ford, General Motors, and the Automobile Industry |url=https://archive.org/details/giantenterprise0000unse |url-access=registration |last=Chandler | first=Alfred D. Jr. |author-link=Alfred D. Chandler, Jr. |year=1964 |publisher=Harcourt, Brace & World |location=New York |isbn=978-0-405-13349-7 |oclc=63017200 |ref=none}} | |||
* {{cite book |title=Chrome Colossus: General Motors and Its Times |last=Cray |first=Ed |year=1980 |publisher=McGraw-Hill |location=New York |isbn=978-0-07-013493-5 |oclc=6223723 |url-access=registration |url=https://archive.org/details/chromecolossusge0000cray |ref=none}} | |||
* {{cite book |title=Sloan Rules: Alfred P. Sloan and the Triumph of General Motors |last=Farber |first=David R. |year=2002 |publisher=University of Chicago Press |url=https://books.google.com/books?id=CysLGUDseQAC |location=Chicago |isbn=978-0-226-23804-3 |oclc=49558636 |archive-date=January 1, 2016 |archive-url=https://web.archive.org/web/20160101014836/https://books.google.com/books?id=CysLGUDseQAC&lpg=PP1&dq=Sloan%20Rules%3A%20Alfred%20P.%20Sloan%20and%20the%20Triumph%20of%20General%20Motors&pg=PP1 |url-status=live |ref=none}} | |||
* {{cite book |title=Billy Durant: Creator of General Motors |last=Gustin |first=Lawrence R. |year=2008 |orig-year=1973 |publisher=University of Michigan Press |location=Ann Arbor |oclc=179794253 |isbn=978-0-472-03302-7 |ref=none}} | |||
* {{cite book |title=The Reckoning |url=https://archive.org/details/reckoning00halb |url-access=registration |last=Halberstam |first=David |author-link=David Halberstam |series=A Thomas Congdon book |year=1986 |publisher=Morrow |location=New York |isbn=978-0-688-04838-9 |oclc=246158814 |ref=none}} | |||
* {{cite book |title=Rude Awakening: The Rise, Fall, and Struggle for Recovery of General Motors |last=Keller |first=Maryann |year=1989 |publisher=Morrow |location=New York |isbn=978-0-688-07527-9 |oclc=423222597 |url=https://archive.org/details/rudeawakeningris00kell |ref=none}} | |||
* {{cite book |title=The Standard Catalogue of American Cars 1805–1942 |edition=2nd |editor-last=Kimes |editor-first=Beverly Rae |year=1989 |publisher=Krause Publications |location=Iola, Wisconsin |isbn=978-0-87341-111-0 |url=https://archive.org/details/standardcatalogo0000kime |ref=none}} | |||
* {{cite book |title=Boss Kettering |last=Leslie |first=Stuart W. |year=1983 |publisher=Columbia University Press |location=New York |isbn=978-0-231-05600-7 |oclc=8845819 |url=https://archive.org/details/bosskettering00lesl |ref=none}} | |||
* {{cite book |title=Time for a Model Change: Re-Engineering the Global Automotive Industry |last1=Maxton |first1=Graeme P. |author-link1=Graeme Maxton |last2=Wormald |first2=John |year=2004 |publisher=Cambridge University Press | url=https://books.google.com/books?id=3aN6rxZG2p0C |location=Cambridge, England |isbn=978-0-521-83715-6 |oclc=54826137 |archive-date=January 1, 2016 |archive-url=https://web.archive.org/web/20160101014836/https://books.google.com/books?id=3aN6rxZG2p0C&lpg=PP1&dq=Time%20for%20a%20Model%20Change%3A%20Re-Engineering%20the%20Global%20Automotive%20Industry&pg=PP1 |url-status=live |ref=none}} | |||
* {{cite book |title=The End of Detroit: How the Big Three Lost Their Grip on the American Car Market |last=Maynard |first=Micheline |year=2003 |publisher=Currency/Doubleday |location=New York |isbn=978-0-385-50769-1 |oclc=52623614 |url=https://archive.org/details/endofdetroithowb00mayn |ref=none}} | |||
* {{cite book |title=Billy, Alfred, and General Motors: The Story of Two Unique Men, a Legendary Company, and a Remarkable Time in American History |url=https://books.google.com/books?id=HYFIiIll2eIC |last=Pelfrey |first=William |year=2006 |publisher=AMACOM |location=New York |isbn=978-0-8144-0869-8 |oclc=61362777 |archive-date=January 1, 2016 |archive-url=https://web.archive.org/web/20160101014836/https://books.google.com/books?id=HYFIiIll2eIC&lpg=PP1&dq=Billy%2C%20Alfred%2C%20and%20General%20Motors%3A%20The%20Story%20of%20Two%20Unique%20Men%2C%20a%20Legendary%20Company%2C%20and%20a&pg=PP1 |url-status=live |ref=none}} | |||
* {{cite book |last=Pound |first=Arthur |title=The turning wheel; the story of General Motors through twenty-five years, 1908–1933 |year=1934 |publisher=Doubleday, Doran & Co. |location=New York |url=https://archive.org/details/turningwheelstor00pounrich |ref=none}} | |||
* {{cite book |title=The American Automobile; A Brief History |url=https://archive.org/details/americanautomobi00raej |url-access=registration |last=Rae |first=John Bell |year=1965 |publisher=University of Chicago Press |location=Chicago |oclc=236834 |series=The Chicago history of American civilization |ref=none}} | |||
* {{cite book |last=Robertson |first=Heather |year=1995 |title=Driving force: The McLaughlin family and the age of the car |publisher=McClelland & Stewart |url=https://archive.org/details/drivingforcemcla00robe |isbn=978-0-7710-7556-8 |ref=none}} A history of the businesses of ] and family, and the beginnings of General Motors Canada Ltd. | |||
* {{cite book |title=The Dream Maker: William C. Durant, Founder of General Motors |last=Weisberger |first=Bernard A. |author-link=Bernard Weisberger |year=1979 |publisher=Little, Brown |location=Boston |isbn=978-0-316-92874-8 |oclc=5736758 |url=https://archive.org/details/dreammaker00bern |ref=none}} | |||
{{refend}} | |||
==External links== | |||
{{Commons category}} | |||
* {{Official website}} | |||
{{Finance links | |||
| name = General Motors Company | |||
| reuters = GM | |||
| sec_cik = 1467858 | |||
| yahoo = GM | |||
| google = GM | |||
| bloomberg = GM:US | |||
}} | |||
* (1908-2008) - General Motors (the GM''next'' wiki)<!-- https://archive.today/20150418093736/https://history.gmheritagecenter.com/index.php/Main_Page --> via: ] | |||
* (1908-2008) - General Motors | |||
{{General Motors}} | |||
{{General Motors brands}} | |||
{{Automotive industry in the United States}} | |||
{{Great Recession}} | |||
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Latest revision as of 04:54, 25 December 2024
American multinational automotive company
Headquarters at the Renaissance Center in Detroit in 2013 | |
Company type | Public |
---|---|
Traded as | |
ISIN | US37045V1008 |
Industry | Automotive |
Predecessor | General Motors Corporation |
Founded |
|
Chair & CEO | Mary Barra |
President | Mark Reuss |
Founder | William C. Durant |
Headquarters | Renaissance Center, Detroit, Michigan, United States |
Number of locations | 396 facilities on six continents |
Area served | Worldwide |
Key people |
|
Products | |
Production output | 6,186,000 vehicles (sales, 2023) |
Brands | |
Services | |
Revenue | US$171.8 billion (2023) |
Operating income | US$9.298 billion (2023) |
Net income | US$9.840 billion (2023) |
Total assets | US$273.1 billion (2023) |
Total equity | US$68.19 billion (2023) |
Number of employees | 163,000 (2023) |
Subsidiaries |
Financial services
|
Website | gm |
General Motors Company (GM) is an American multinational automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing four automobile brands: Chevrolet, Buick, GMC, and Cadillac, each a separate division of GM. By total sales, it has continuously been the largest automaker in the United States, and was the largest in the world for 77 years before losing the top spot to Toyota in 2008.
General Motors operates manufacturing plants in eight countries. In addition to its four core brands, GM also holds interests in Chinese brands Baojun and Wuling via SAIC-GM-Wuling Automobile. GM further owns a namesake defense vehicles division which produces military vehicles for the United States government and military, the vehicle safety, security, and information services provider OnStar, the auto parts company ACDelco, a namesake financial lending service, and majority ownership in the self-driving cars enterprise Cruise LLC.
The company originated as a holding company for Buick established on September 16, 1908, by William C. Durant, the largest seller of horse-drawn vehicles at the time. The first half of the 20th century saw the company grow into an automotive behemoth through acquisitions; going into the second half, the company pursued innovation and new offerings to consumers as well as collaborations with NASA to develop the earliest electric vehicles. The current entity was established in 2009 after the General Motors Chapter 11 reorganization.
As of 2024, General Motors ranks 25th by total revenue out of all American companies on the Fortune 500 and 50th on the Fortune Global 500. In 2023, the company was ranked 70th in the Forbes Global 2000. In 2021, GM announced its intent to end production of vehicles using internal combustion engines by 2035, as part of its plan to achieve carbon neutrality by 2040.
History
Further information: History of General MotorsFounding and consolidation
By 1900, William C. Durant's Durant-Dort Carriage Company of Flint, Michigan, had become the largest manufacturer of horse-drawn vehicles in the United States. Durant was averse to automobiles, but fellow Flint businessman James H. Whiting, owner of Flint Wagon Works, sold him the Buick Motor Company in 1904. Durant formed the General Motors Company in 1908 as a holding company, borrowing a naming convention from General Electric. GM's first acquisition was Buick, which Durant already owned, then Olds Motor Works on November 12, 1908. Under Durant, GM went on to acquire Cadillac, Elmore, Welch, Cartercar, Oakland (the predecessor of Pontiac), the Rapid Motor Vehicle Company of Pontiac, Michigan, and the Reliance Motor Car Company of Detroit, Michigan (predecessors of GMC) in 1909.
Durant, with the board's approval, also tried acquiring Ford Motor Company, but needed an additional $2 million. Durant over-leveraged GM in making acquisitions, and was removed by the board of directors in 1910 at the order of the bankers who backed the loans to keep GM in business. The action of the bankers was partially influenced by the Panic of 1910–1911 that followed the earlier enforcement of the Sherman Antitrust Act of 1890. In 1911, Charles F. Kettering of Dayton Engineering Laboratories Company (DELCO) and Henry M. Leland invented and patented the first electric starter in America. In November 1911, Durant co-founded Chevrolet with race car driver Louis Chevrolet, who left the company in 1915 after a disagreement with Durant.
GM was reincorporated in Detroit in 1916 as General Motors Corporation and became a public company via an initial public offering. By 1917, Chevrolet had become successful enough that Durant, with the backing of Samuel McLaughlin and Pierre S. du Pont, reacquired a controlling interest in GM. The same year, GM acquired Samson Tractor. Chevrolet Motor Company was consolidated into GM on May 2, 1918, and the same year GM acquired United Motors, a parts supplier founded by Durant and headed by Alfred P. Sloan for $45 million, and the McLaughlin Motor Car Company, founded by R. S. McLaughlin, became General Motors of Canada Limited. In 1919, GM acquired Guardian Frigerator Company, part-owned by Durant, which was renamed Frigidaire. Also in 1919, the General Motors Acceptance Corporation (GMAC), which provides financing to automotive customers, was formed.
In 1920, du Pont orchestrated the removal of Durant once again and replaced him with Alfred P. Sloan. At a time when GM was competing heavily with Ford Motor Company, Sloan established annual model changes, making previous years' models "dated" and created a market for used cars. He also implemented the pricing strategy used by car companies today. The pricing strategy had Chevrolet, Pontiac, Oldsmobile, Buick, and Cadillac priced from least expensive to most, respectively.
In 1921, Thomas Midgley Jr., an engineer for GM, discovered tetraethyllead (leaded gasoline) as an antiknock agent, and GM patented the compound because ethanol could not be patented. This led to the development of higher compression engines resulting in more power and efficiency. The public later realized that lead contained in the gasoline was harmful to various biological organisms including humans. Evidence shows that corporate executives understood the health implications of tetraethyllead from the beginning. As an engineer for GM, Midgley also developed chlorofluorocarbons, which have now been banned due to their contribution to climate change.
Under the encouragement of GM President Alfred P. Sloan Jr., GM acquired Vauxhall Motors for $2.5 million in 1925. The company also acquired an interest in the Yellow Cab Manufacturing Company the same year, and its president, John D. Hertz, joined the board of directors of GM; it acquired the remainder of the company in 1943.
Growth and acquisitions
In 1926, the company introduced the Pontiac brand and established the General Motors Group Insurance Program to provide life insurance to its employees. The following year, after the success of the 1927 model of the Cadillac LaSalle designed by Harley Earl, Sloan created the "Art and Color Section" of GM and named Earl as its first director. Earl was the first design executive to be appointed to leadership at a major American corporation. Earl created a system of automobile design that is still practiced today. At the age of 24, Bill Mitchell was recruited by Earl to the design team at GM, and he was later appointed as Chief Designer of Cadillac. After Earl retired in December 1958, Mitchell took over automotive design for GM. Also in 1926 the company acquired Fisher Body, its supplier of automobile bodies.
GM acquired Allison Engine Company and began developing a 1,000 horsepower liquid-cooled aircraft engine in 1929. The same year, GM acquired 80% of Opel, which at that time had a 37.5% market share in Europe, for $26 million. It acquired the remaining 20% in 1931.
In the late-1920s, Charles Kettering embarked on a program to develop a lightweight two-stroke diesel engine for possible usage in automobiles. Soon after, GM acquired Electro-Motive Company and the Winton Engine Co., and in 1941, it expanded EMC's realm to locomotive engine manufacturing.
In 1932, GM acquired Packard Electric (not to be confused with the Packard car company, which merged with Studebaker years later). The following year, GM acquired a controlling interest in North American Aviation and merged it with the General Aviation Manufacturing Corporation.
The GM labor force participated in the formation of the United Auto Workers labor union in 1935, and in 1936 the UAW organized the Flint Sit-Down Strike, which initially idled two key plants in Flint, Michigan, and later spread to 6 other plants including those in Janesville, Wisconsin and Fort Wayne, Indiana. In Flint, police attempted to enter the plant to arrest strikers, leading to violence; in other cities, the plants were shuttered peacefully. The strike was resolved on February 11, 1937, when GM recognized the UAW as the exclusive bargaining representative for its workers and gave workers a 5% raise and permission to speak in the lunchroom.
Walter E. Jominy and A.L. Boegehold of GM invented the Jominy end-quench test for hardenability of carbon steel in 1937, a breakthrough in heat treating still in use today as ASTM A255. GM established Detroit Diesel the next year.
In 1939, the company founded Motors Insurance Corporation and entered the vehicle insurance market. The same year, GM introduced the Hydramatic, the first affordable and successful automatic transmission, for the 1940 Oldsmobile.
- 1926 Pontiac radiator logo
- 1928 Pontiac Series 6-28 2-door 5-passenger Coach sedan
- 1932 Pontiac Series 402 Six 2-door 5-passenger Coach sedan
- 1936 Pontiac Master Six Series 6BB Coupe
During World War II, GM produced vast quantities of armaments, vehicles, and aircraft for the Allies of World War II. In 1940, GM's William S. Knudsen served as head of U.S. wartime production for President Franklin Roosevelt, and by 1942, all of GM's production was to support the war. GM's Vauxhall Motors manufactured the Churchill tank series for the Allies, instrumental in the North African campaign. However, its Opel division, based in Germany, supplied the Wehrmacht with vehicles. Politically, Sloan, as head of GM at the time, was an ardent opponent of the New Deal, which bolstered labor unions and public transport. Sloan admired and supported Adolf Hitler. Nazi armaments chief Albert Speer allegedly said in 1977 that Hitler "would never have considered invading Poland" without synthetic fuel technology provided by General Motors. GM was compensated $32 million by the U.S. government because its German factories were bombed by U.S. forces during the war.
Effective January 28, 1953, Charles Erwin Wilson, then GM president, was named by Dwight D. Eisenhower as United States Secretary of Defense.
In December 1953, GM acquired Euclid Trucks, a manufacturer of heavy equipment for earthmoving, including dump trucks, loaders and wheel tractor-scrapers, which later spawned the Terex brand.
Periods of innovation
Alfred P. Sloan retired as chairman and was succeeded by Albert Bradley in April 1956.
In 1962, GM introduced the first ever turbocharged production car in the world in the Oldsmobile Cutlass Turbo-Jetfire. Two years later, the company introduced its "Mark of Excellence" logo and trademark at the 1964 New York World's Fair. The company used the mark as their main corporate identifier until 2021.
GM released the Electrovan in 1966, the first hydrogen fuel cell car ever produced. Though fuel cells have existed since the early 1800s, General Motors was the first to use a fuel cell, supplied by Union Carbide, to power the wheels of a vehicle with a budget of "millions of dollars".
In the 1960s, GM was an early proponent of V6 engines, but quickly lost interest as the popularity of muscle cars increased. GM demonstrated gas turbine vehicles powered by kerosene, an area of interest throughout the industry, but abandoned the alternative engine configuration due to the 1973 oil crisis.
In partnership with Boeing, GM's Delco Defense Electronics Division designed the Lunar Roving Vehicle, which traversed the surface of the Moon, in 1971. The following year, GM produced the first rear wheel anti-lock braking system for two models: the Toronado and Eldorado.
In 1973, the Oldsmobile Toronado was the first retail car sold with a passenger airbag.
Thomas Murphy became CEO of the company, succeeding Richard C. Gerstenberg in November 1974.
GM installed its first catalytic converters in its 1975 models.
From 1978 to 1985, GM pushed the benefits of diesel engines and cylinder deactivation technologies. However, it had disastrous results due to poor durability in the Oldsmobile diesels and drivability issues in the Cadillac V8-6-4 variable-cylinder engines.
GM sold Frigidaire in 1979. Although Frigidaire had between $450 million and $500 million in annual revenues, it was losing money.
Robert Lee of GM invented the neodymium magnet, which was fabricated by rapid solidification, in 1984. This magnet is commonly used in products like a computer hard disk. The same year, GM acquired Electronic Data Systems for $2.5 billion from Ross Perot as part of a strategy by CEO Roger Smith to derive at least 10% of its annual worldwide revenue from non-automotive sources. GM also intended to have EDS handle its bookkeeping, help computerize factories, and integrate GM's computer systems. The transaction made Ross Perot the largest shareholder of GM; however, disagreements with Roger Smith led the company to buy all shares held by Ross Perot for $750 million in 1986.
In a continuation of its diversification plans, GMAC formed GMAC Mortgage and acquired Colonial Mortgage as well as the servicing arm of Norwest Mortgage in 1985. This acquisition included an $11 billion mortgage portfolio. The same year, GM acquired the Hughes Aircraft Company for $5 billion in cash and stock and merged it into Delco Electronics. The following year, GM acquired 59.7% of Lotus Cars, a British producer of high-performance sports cars.
In 1987, in conjunction with AeroVironment, GM built the Sunraycer, which won the inaugural World Solar Challenge and was a showcase of advanced technology. Much of the technology from Sunraycer found its way into the Impact prototype electric vehicle (also built by Aerovironment) and was the predecessor to the General Motors EV1.
In 1988, GM acquired a 15% stake in AeroVironment.
In 1989, GM acquired half of Saab Automobile's car operations for $600 million.
Sales of assets
In August 1990, Robert Stempel became CEO of the company, succeeding Roger Smith. GM cut output significantly and suffered losses that year due to the early 1990s recession.
In 1990, GM debuted the General Motors EV1 (Impact) concept, a battery electric vehicle, at the LA Auto Show. It was the first car with zero emissions marketed in the US in over three decades. The Impact was produced as the EV1 for the 1996 model year and was available only via lease from certain dealers in California and Arizona. In 1999–2002, GM ceased production of the vehicles and started to not renew the leases, disappointing many people, allegedly because the program would not be profitable and would cannibalize its existing business. All of the EV1s were eventually returned to General Motors, and except for around 40 which were donated to museums with their electric powertrains deactivated, all were destroyed. The documentary film Who Killed the Electric Car? covered the EV1 story.
In November 1992, John F. Smith Jr. became CEO of the company.
In 1993, GM sold Lotus Cars to Bugatti.
In 1996, in a return to its automotive basics, GM completed the corporate spin-off of Electronic Data Systems.
In 1997, GM sold the military businesses of Hughes Aircraft Company to Raytheon Company for $9.5 billion in stock and the assumption of debt.
In February 2000, Rick Wagoner was named CEO, succeeding Smith. The next month, GM gave 5.1% of its common stock, worth $2.4 billion, to acquire a 20% share of Fiat.
In December 2000, GM announced that it would begin phasing out Oldsmobile. The brand was eventually discontinued in 2004, seven years after it had become the first American car brand to turn 100.
- Chevrolet Tahoe hybrid vehicle
- Second generation Chevrolet Volt
- The Chevrolet Volt
- The General Motors EV1, an electric car, was introduced in California in 1996.
In May 2004, GM delivered the first full-sized pickup truck hybrid vehicles, the 1/2-ton Chevrolet Silverado/GMC Sierra trucks. These mild hybrids did not use electrical energy for propulsion, like GM's later designs. Later, the company debuted another hybrid technology, co-developed with DaimlerChrysler and BMW, in diesel-electric hybrid powertrain manufactured by Allison Transmission for transit buses. Continuing to target the diesel-hybrid market, the Opel Astra diesel engine hybrid concept vehicle was rolled out in January 2005. Later that year, GM sold its Electro-Motive Diesel locomotive division to private equity firms Berkshire Partners and Greenbriar Equity Group.
GM paid $2 billion to sever its ties with Fiat in 2005, severing ties with the company due to an increasingly contentious dispute.
GM began adding its "Mark of Excellence" emblem on all new vehicles produced and sold in North America in mid-2005. However, after the reorganization in 2009, the company no longer added the logo, saying that emphasis on its four core divisions would downplay the GM logo.
In 2005, Edward T. Welburn was promoted to the newly created position of vice president, GM Global Design, making him the first African American to lead a global automotive design organization and the highest-ranking African American in the US motor industry at that time. On July 1, 2016, he retired from General Motors after 44 years. He was replaced by Michael Simcoe.
In 2006, GM introduced a bright yellow fuel cap on its vehicles to remind drivers that cars can operate using E85 ethanol fuel. They also introduced another hybrid vehicle that year, the Saturn Vue Green Line.
In 2008, General Motors committed to engineering half of its manufacturing plants to be landfill-free by recycling or reusing waste in the manufacturing process. Continuing their environmental-conscious development, GM started to offer the 2-mode hybrid system in the Chevrolet Tahoe, GMC Yukon, Cadillac Escalade, and pickup trucks.
In late 2008, the world's largest rooftop solar power installation was installed at GM's manufacturing plant in Zaragoza. The Zaragoza solar installation has about 2,000,000 square feet (190,000 m) of roof at the plant and contains about 85,000 solar panels. The installation was created, owned, and operated by Veolia Environment and Clairvoyant Energy, which leases the rooftop area from GM.
Chapter 11 bankruptcy and bailout
Further information: General Motors Chapter 11 reorganizationIn March 2009, after the company had received $17.4 billion in bailouts but was not effective in a turnaround, President Barack Obama forced the resignation of CEO Rick Wagoner.
General Motors filed for a government-backed Chapter 11 reorganization on June 8, 2009. On July 10, 2009, the original General Motors sold assets and some subsidiaries to an entirely new company, including the trademark "General Motors". Liabilities were left with the original GM, renamed Motors Liquidation Company, freeing the companies of many liabilities and resulting in a new GM.
Through the Troubled Asset Relief Program, the United States Department of the Treasury invested $49.5 billion in General Motors and recovered $39 billion when it sold its shares on December 9, 2013, resulting in a loss of $10.3 billion. The Treasury invested an additional $17.2 billion into GM's former financing company, GMAC (now Ally Financial). The shares in Ally were sold on December 18, 2014, for $19.6 billion netting the government $2.4 billion in profit, including dividends. A study by the Center for Automotive Research found that the GM bailout saved 1.2 million jobs and preserved $34.9 billion in tax revenue.
General Motors Canada was not part of the General Motors Chapter 11 bankruptcy.
Post-reorganization
In June 2009, at the request of Steven Rattner, lead adviser to President Barack Obama on the Presidential Task Force on the Auto Industry, Edward Whitacre Jr., who had led a restructuring of AT&T, was appointed as chairman of General Motors. Whitacre was tasked with overseeing GM's emergence from bankruptcy and downsizing its sizable number of brand marques, many of which had produced chronic losses even before the recession began. In July 2009, after 40 days of bankruptcy protection, the company emerged from the government-backed General Motors Chapter 11 reorganization.
As mandated by its bailout agreement, GM began the process of shedding its poorest-performing brands in June 2009: Hummer, Saab, Saturn, and Pontiac. An October 2009 agreement to sell the Hummer brand to China-based Sichuan Tengzhong Heavy Industrial Machinery Company Ltd. and a group of private investors fell through three months later, resulting in GM seeking a new suitor. American company Raser Technologies, along with several others, expressed interest in buying the company, but none of the proposed acquisitions came to fruition, and in April 2010 GM said it was officially shutting down the Hummer brand. Similarly, GM's efforts to sell its Saturn division yielded an early suitor. In June 2009, GM announced that the Saturn brand would be sold to the Penske Automotive Group. The deal fell through, however, and GM declared the brand defunct in October 2010. While GM agreed to shed its underperforming Pontiac brand as part of its bailout agreement, the company explicitly opted not to sell it to another company. The last Pontiac was built in January 2010.
GM was more successful in its attempts to sell Saab Automobile: the company closed a sale to Dutch automaker Spyker Cars in February 2010. Saab continued to perform poorly under Spyker's management, however, and in 2012 the Saab division declared bankruptcy.
In 2009, GM faced significant challenges in its Asian operations, particularly in Korea with GM-Daewoo Automotive Technology Company (GMDAT). At the time, GM would manufacture low-cost small cars in Korea and export them to developing markets, including China. GMDAT suffered from cash flow issues exacerbated by a $1.5 billion loss in foreign exchange in the first quarter of 2009. GM's precarious financial situation, exacerbated by impending bankruptce, and the reluctance of the US government rescuers to address overseas issues, left few options. Facing a frozen credit market and the Korean Development Bank's refusal to extend loans beyond the existing $2 billion owed by GMDAT, GM had no alternative but to seek capital from China.
By mid-November 2009, GM suddenly had $491 million available for GMDAT's turnaround, though the source of the funds was initially unclear. It was later revealed that GM had sold a 1% stake in Shanghai GM to SAIC Motor, effectively giving SAIC Motor controlling interest in the venture. Additionally, GM transformed its struggling GM India division into a joint venture, with SAIC Motor acquiring a 50% stake in exchange for a $350 million investment. GM executives stated that SAIC Motor's involvement facilitated access to Chinese banking sector funding, which would have been challenging to secure independently. In its 2010 SEC filing, GM clarified that SAIC had helped secure a $400 million commercial bank loan, using its stake in Shanghai-GM as collateral.
In December 2009, the "new" GM's board of directors asked CEO Fritz Henderson to resign, and its chairman, Ed Whitacre, was named interim CEO. GM opted to appoint Whitacre as its permanent CEO the following month, though Whitacre ultimately stepped down as CEO in September 2010, relinquishing the position to fellow GM board member Daniel Akerson but agreeing to continue on as GM chairman until the end of the year. Akerson replaced him as chairman, while continuing as CEO, in January 2011.
In 2010, GM introduced the Chevrolet Volt as an extended-range electric vehicle (EREV), an electric vehicle with backup generators powered by gasoline, a type of plug-in hybrid electric vehicle. GM delivered the first Volt in December 2010. GM built a prototype two-seat electric vehicle with Segway Inc. An early prototype of the Personal Urban Mobility and Accessibility vehicle – dubbed Project P.U.M.A. – was presented in New York at the 2009 New York International Auto Show.
- 2nd generation Buick LaCrosse (2010–2016)
- General Motors Sequel, a fuel cell-powered vehicle from GM.
- E85 FlexFuel Chevrolet Impala LT 2009 (USA)
- The Chevrolet Bolt EV was released in late 2016.
On January 15, 2014, Mary Barra was named chief executive officer, succeeding Daniel Akerson. Barra also joined the GM board. Only three weeks later, the company announced its 2014 General Motors recall, which was due to faulty ignition switches, and was linked to at least 124 deaths. The resulting settlements with family members of those killed were estimated to cost the company $1.5 billion. Under Barra, GM began a multi-year abandonment of many markets, choosing to focus on higher-profit markets like North America and China.
On January 4, 2016, in its first investment in a ridesharing company, GM invested $500 million in Lyft. The company does not directly supply Lyft drivers with vehicles, however – and has no plans to do so in the future – and Lyft ultimately partnered with Motional for production of its autonomous vehicles.
In March 2016, GM acquired Cruise, a San Francisco self-driving vehicle start-up, to develop self-driving cars that could be used in ride-sharing fleets. In June 2022, Cruise received California's first Driverless Deployment Permit, allowing it to both charge fees for its service as well as offer fully autonomous rides in a major public city. The Verge reported that the company lost $561 million in Q1 2023, but said it remains on the path to reach $1 billion in revenue by 2025 and $50 billion by 2030.
In October 2016, GM began production of the Chevrolet Bolt EV, the first-ever mass market all-electric car with a range of more than 200 miles (320 km). The battery pack and most drivetrain components were built by LG Corporation and assembled in GM's plant in Lake Orion, Michigan. GM chose to employ the Bolt EV and similar Bolt EUV for its Cruise ride-share service.
On January 8, 2021, GM introduced a new logo alongside the tagline "EVerybody in", with the capitalized "EV" as a nod to the company's commitment to electric vehicles. GM's new logo used negative space to create the idea of an electric plug in the "M" of the logo.
At the January 2021 Consumer Electronics Show, GM launched BrightDrop, a brand for all-electric commercial vehicles.
On January 28, 2021, GM announced that it will end production and sales of fossil-fuel vehicles (including hybrids and plug-in hybrids) by 2035 as part of its plan to reach carbon neutrality by 2040.
In 2021, GM announced plans to establish an automotive battery and battery pack laboratory in Michigan. GM will be responsible for battery management systems and power electronics, thermal management, as well as the pack assembly. An existing GM facility at Brownstown Township was chosen to be upgraded as a battery pack plant. LG Chem's U.S. subsidiary, Compact Power of Troy, Michigan, has been building the prototype packs for the development vehicles and will continue to provide integration support and acting as a liaison for the program.
In mid-2023, GM abandoned its goal of North American electric vehicle deliveries of 400,000 units from 2022 by mid-2024. It had previously set the timeline of by end of 2023. CEO Mary Barra pointed to failures in the scaling of battery module production while simultaneously blaming lack of consumer demand.
General Motors and LG Chem Ltd. have a long-term supply agreement. LG Chem Ltd. will provide GM with more than 500,000 tons of cathode materials for 24.7 trillion won (US$18.6 billion). Provided materials to the automaker will be enough for 5 million electric vehicles.
In January 2024, GM announced it would once again manufacture a plug-in hybrid electric vehicle (PHEV) while it aims to balance supply of battery electric vehicles with demand.
On April 15, 2024, GM announced that it would relocate its global headquarters from the Renaissance Center to the nearby Hudson's Detroit development in 2025.
In October 2024, General Motors increased its investment in lithium production by raising its commitment to Canadian mining company Lithium Americas from $650 million to $945 million. The investment establishes a joint venture with Lithium Americas to develop the Thacker Pass mine in Nevada, one of the largest known lithium resources in the United States, positioning GM to meet growing demand for EVs by reducing dependency on foreign lithium sources.
Motorsport
See also: Cadillac in Formula OneGM participated in the World Touring Car Championship (WTCC) from 2004 to 2012, and has also participated in other motorsport championships, including 24 Hours of Le Mans, NASCAR, SCCA and Supercars Championship.
GM's engines were successful in the Indy Racing League (IRL) throughout the 1990s, winning many races in the small V8 class. GM has also done much work in the development of electronics for GM auto racing. An unmodified Aurora V8 in the Aerotech captured 47 world records, including the record for speed endurance in the Motorsports Hall of Fame of America. Recently, the Cadillac V-Series has entered motorsports racing.
GM has also designed cars specifically for use in NASCAR auto racing. The Chevrolet Camaro ZL1 is the only entry in the series. In the past, the Pontiac Grand Prix, Buick Regal, Oldsmobile Cutlass, Chevrolet Lumina, Chevrolet Malibu, Chevrolet Monte Carlo, Chevrolet Impala, and the Chevrolet SS were also used. GM has won many NASCAR Cup Series manufacturer's championships, including 40 with Chevrolet, the most of any make in NASCAR history, 3 with Oldsmobile, 2 with Buick, and 1 with Pontiac. In 2021, Chevrolet became the first brand to reach 800 wins.
In Australia, Holden cars based on the Monaro, Torana and Commodore platforms raced in the Australian Touring Car Championship until 2022. Holden won the Bathurst 1000, a record 36 times between 1968 and 2022 and the Australian Touring Car Championship 23 times. From 2023, the Chevrolet Camaro will be raced.
In November 2024, GM and TWG Global reached an agreement in principle to enter the 2026 Formula One World Championship under the Cadillac name with the Ferrari engine, and would enter as an engine supplier at a later date.
Logo evolution
Evolution of the GM logo through the years:
- 1938–1964
- Mark of Excellence (1964–2021)
- 2001–2021
- 2010–2021
- 2021 (gradient)
- 2021 (flat)
- 2022 (wordmark)
Brands
Current
Origin | Brand | Founded | Start manufacturing |
Joined GM |
Markets served today |
---|---|---|---|---|---|
US | Chevrolet | 1911 | 1911 | 1918 | Americas, China, Middle East, CIS, South Korea, Philippines, Japan, Europe, Australasia |
US | Buick | 1899 | 1903 | 1908 | China, North America |
US | GMC | 1912 | 1912 | 1919 | North America, Middle East, South Korea, China, Australasia |
US | Cadillac | 1902 | 1902 | 1909 | North America, Middle East, China, Japan, South Korea, Europe, Kazakhstan |
CHN | Baojun | 2010 | 2010 | 2010 | China |
CHN | Wuling | 2002 | 2002 | 2002 | China, Indonesia, Vietnam, Thailand |
Former
Origin | Brand | Founded | Start manufacturing |
Joined GM |
Fate | Defunct or sold | Notes |
---|---|---|---|---|---|---|---|
CAN | Acadian | 1962 | 1962 | 1962 | Discontinued | 1987 | Until 1971 a Chevy II with Pontiac design accents, after 1976 a Chevette with Pontiac name and appearance. |
KOR | Alpheon | 2010 | 2010 | 2010 | Discontinued | 2015 | The only available model was based on the Buick LaCrosse |
CAN | Asüna | 1992 | 1992 | 1992 | Discontinued | 1994 | Composed of Suzuki, Isuzu and Toyota models. |
CAN | Beaumont | 1966 | 1966 | 1966 | Discontinued | 1969 | Canadian Chevelle with Pontiac design accents |
UK | Bedford | 1931 | 1931 | 1931 | Discontinued | 1991 | |
US | BrightDrop | 2021 | 2022 | 2021 | Merged into Chevrolet | 2025 | |
US | Cartercar | 1905 | 1905 | 1909 | Discontinued | 1915 | |
US | Electro Motive Diesel | 1922 | 1924 | 1930 | Sold to Progress Rail | 2010 | EMD still makes locomotives such as the SD70ACe |
KOR | Daewoo | 1972 | 1972 | 1999 | Discontinued | 2011 | Succeeded by GM Korea |
US | Elmore | 1893 | 1900 | 1912 | Discontinued | 1916 | |
CAN | Envoy | 1959 | 1959 | 1959 | Discontinued | 1970 | Imported Vauxhall and Bedford vehicles sold at Canadian Chevrolet and Oldsmobile dealerships |
CAN | Epic | 1964 | 1964 | 1964 | Discontinued | 1970 | Imported Vauxhall models sold at Canadian Pontiac, Buick and GMC dealerships |
US | Geo | 1989 | 1989 | 1989 | Discontinued | 1997 | Composed of Suzuki, Isuzu and Toyota models. Sold through Chevrolet dealerships. |
AUS | Holden | 1856 | 1908 | 1926 | Discontinued | 2020 | |
US | Hummer | 1992 | 1992 | 1998 | Discontinued as a division, brand name revived under GMC | 2010 | Parent company AM General, formerly owned by AMC. Became independent after AMC and Renault merged in 1978. Name revived in 2021 for GMC Hummer EV |
US | LaSalle | 1927 | 1927 | 1927 | Discontinued | 1940 | Companion brand for Cadillac |
US | Little | 1911 | 1911 | 1913 | Discontinued | 1913 | Absorbed by Chevrolet in 1913. |
UK | Lotus | 1948 | 1948 | 1986 | Sold to Romano Artioli | 1993 | Currently owned by Geely |
US | Marquette (1) | 1909 | 1909 | 1909 | Discontinued | 1912 | formerly Peninsular Motor Company. Based on Rainier and Welch marques. |
US | Marquette (2) | 1929 | 1929 | 1929 | Discontinued | 1931 | Companion brand for Buick in 1928. |
US | Mason | 1898 | 1900 | 1918 | Discontinued | 1918 | Absorbed as sister division of Chevrolet in 1915. |
CAN | McLaughlin | 1907 | 1907 | 1918 | Discontinued | 1942 | Canadian Buick-related, became the basis of General Motors Canada |
US | Oakland | 1907 | 1907 | 1909 | Discontinued | 1931 | Dropped in favor of Pontiac |
US | Oldsmobile | 1897 | 1897 | 1908 | Discontinued | 2004 | |
GER | Opel | 1899 | 1899 | 1931 | Sold to PSA Group | 2017 | Currently owned by Stellantis |
CAN | Passport | 1987 | 1987 | 1987 | Discontinued | 1991 | Composed of Suzuki, Isuzu and Toyota models |
US | Pontiac | 1926 | 1926 | 1926 | Discontinued | 2010 | Started as companion brand for Oakland |
US | Rainier | 1905 | 1905 | 1909 | Discontinued | 1911 | Restructured after its 1909 acquisition, as Marquette Motor Company. Produced 'Rainier' cars until 1911 |
US | Reliance | 1903 | 1903 | 1911 | Discontinued | 1912 | Consolidated into what would become GMC |
RSA | Ranger | 1968 | 1968 | 1968 | Discontinued | 1978 | |
US | Rapid | 1902 | 1902 | 1909 | Discontinued | 1912 | Consolidated into what would become GMC |
SWE | Saab | 1945 | 1949 | 1990 | Sold to Spyker N.V. | 2010 | Company defunct in 2016 |
US | Saturn | 1985 | 1990 | 1985 | Discontinued | 2010 | |
US | Scripps-Booth | 1913 | 1913 | 1916 | Discontinued | 1923 | |
US | Sheridan | 1920 | 1920 | 1920 | Discontinued | 1921 | Was the technically the first car developed by General Motors |
AUS | Statesman | 1971 | 1971 | 1971 | Discontinued | 1984 | Division of Holden |
UK | Vauxhall | 1903 | 1903 | 1925 | Sold to PSA Group | 2017 | Currently owned by Stellantis |
US | Viking | 1929 | 1929 | 1929 | Discontinued | 1930 | Started as companion brand for Oldsmobile |
US | Welch | 1901 | 1901 | 1910 | Discontinued | 1911 | Brand shuttered shortly after purchase. |
US | Winton | 1897 | 1897 | 1930 | Discontinued | 1962 | Reorganized as Winton Engine Corporation. Merged into GM's Cleveland Diesel Engine Division in 1938. Folded into Electro-Motive Diesel in 1962. |
US | Yellow Cab | 1920 | 1920 | 1925 | Discontinued | 1943 | Absorbed into GMC |
US | Yellow Coach | 1923 | 1923 | 1925 | Discontinued | 1943 | Absorbed into GMC |
Corporate affairs
Business trends
The key trends for GM are (as of the financial year ending December 31):
Revenue (US$ bn) |
Net profit (US$ bn) |
Total assets (US$ bn) |
Employees (k) |
Car sales worldwide (m) | |
---|---|---|---|---|---|
2016 | 149 | 9.2 | 221 | 225 | 10.0 |
2017 | 145 | −3.8 | 212 | 180 | 9.6 |
2018 | 147 | 8.0 | 227 | 173 | 8.3 |
2019 | 137 | 6.7 | 228 | 164 | 7.7 |
2020 | 122 | 6.4 | 235 | 155 | 6.8 |
2021 | 127 | 10.0 | 244 | 157 | 6.2 |
2022 | 156 | 9.9 | 264 | 167 | 5.9 |
2023 | 171 | 10.1 | 273 | 163 | 6.1 |
Vehicle sales
General Motors was the largest global automaker by annual vehicle sales for 77 consecutive years, from 1931, when it overtook Ford Motor Company, until 2008 when it was overtaken by Toyota. This reign was longer than any other automaker, and GM is still among the world's largest automakers by vehicle unit sales.
In 2008, the third-largest individual country by sales was Brazil, with some 550,000 GM vehicles sold. In that year, Argentina, Colombia, and Venezuela sold another 300,000 GM vehicles, suggesting that the total GM sales in South America (including sales in other South American countries such as Chile, Peru, Ecuador, Bolivia, etc.) in that year were at a similar level to sales in China.
In 2009, General Motors sold 6.5 million cars and trucks globally; in 2010, it sold 8.39 million. Sales in China rose 66.9% in 2009 to 1,830,000 vehicles and accounting for 13.4% of the market.
In 2010, General Motors ranked second worldwide with 8.5 million vehicles produced. In 2011, GM returned to the first place with 9.025 million units sold worldwide, corresponding to 11.9% market share of the global motor vehicle industry. In 2010, vehicle sales in China by GM rose 28.8% to a record 2,351,610 units. The top two markets in 2011 were China, with 2,547,203 units, and the United States, with 2,503,820 vehicles sold. The Chevrolet brand was the main contributor to GM performance, with 4.76 million vehicles sold around the world in 2011, a global sales record.
Based on global sales in 2012, General Motors was ranked among the world's largest automakers.
In May 2012, GM recorded an 18.4% market share in the U.S. with stock imported.
Annual worldwide sales volume reached 10 million vehicles in 2016. Sales in India for April 2016 – March 2017 declined to 25,823 units from 32,540 the previous year and market share contracted from 1.17% to 0.85% for the same period. However, exports surged 89% during the same period to 70,969 units. GMTC-I, GM's technical center in Bangalore, India continued in operation. Weak product line-up and below par service quality were the reasons for the poor showing by GM in India that year.
Global Volt/Ampera family sales totalled about 177,000 units from its inception in December 2010 through 2018. including over 10,000 Opel/Vauxhall Amperas sold in Europe up to December 2015. The Volt family of vehicles ranked as the world's all-time top-selling plug-in hybrid as of September 2018, and it is also the third best selling plug-in electric car in history after the Nissan Leaf (375,000) and the Tesla Model S (253,000), as of October 2018. The Chevrolet Volt is also the U.S. all-time top-selling plug-in electric car with 148,556 units delivered through October 2018.
Rank in GM |
Location | Vehicle sales |
Market share (%) |
---|---|---|---|
1 | United States | 2,981 | 22.1% |
2 | China | 1,095 | 12.0% |
3 | Brazil | 549 | 19.5% |
4 | United Kingdom | 384 | 15.4% |
5 | Canada | 359 | 21.4% |
6 | Russia | 338 | 11.1% |
7 | Germany | 300 | 8.8% |
8 | Mexico | 212 | 19.8% |
9 | Australia | 133 | 13.1% |
10 | South Korea | 117 | 9.7% |
11 | France | 114 | 4.4% |
12 | Spain | 107 | 7.8% |
13 | Argentina | 95 | 15.5% |
14 | Venezuela | 91 | 33.3% |
15 | Colombia | 80 | 36.3% |
16 | India | 66 | 3.3% |
Year | U.S. sales (vehicles) |
Chg/yr. |
---|---|---|
1998 | 4,603,991 | |
1999 | 5,017,150 | 9.0% |
2000 | 4,953,163 | 1.3% |
2001 | 4,904,015 | 1.0% |
2002 | 4,858,705 | 0.9% |
2003 | 4,756,403 | 2.1% |
2004 | 4,707,416 | 1.0% |
2005 | 4,517,730 | 4.0% |
2006 | 4,124,645 | 8.7% |
2007 | 3,866,620 | 6.3% |
2008 | 2,980,688 | 22.9% |
2009 | 2,084,492 | 30.1% |
2010 | 2,215,227 | 6.3% |
2011 | 2,503,820 | 13.7% |
2012 | 2,595,717 | 3.7% |
2013 | 2,786,078 | 7.3% |
2014 | 2,935,008 | 5.3% |
2015 | 3,082,366 | 5.0% |
2016 | 3,042,773 | 1.3% |
2017 | 3,002,241 | 1.3% |
2018 | 2,954,037 | 1.5% |
2019 | 2,887,046 | 2.3% |
2020 | 2,547,339 | 11.8% |
2021 | 2,218,228 | 12.9% |
2022 | 2,274,088 | 2.5% |
2023 | 2,594,698 | 14.1% |
Location | Total sales | Year-On-Year change |
Year-On-Year change (%) |
---|---|---|---|
GM North America | 3,367,374 | (122,740) | (3.5) |
GM Europe | 3,590 | (266) | (6.9) |
GM South America | 668,842 | (21,355) | (3.1) |
GM International | 584,520 | 28,033 | 5.0 |
China | 3,093,604 | (551,440) | (15.1) |
Total | 7,717,930 | (667,768) | (8.0) |
Management
Current board of directors
Notable members of the board of directors of the company are as follows:
- Mary Barra, Chairman and CEO of General Motors
- Joseph Ashton, former Vice President of the International Union at United Automobile Workers
- Linda Gooden, former Vice President of Information Systems and Global Solutions at Lockheed Martin
- Joseph Jimenez, CEO of Novartis
- Jane Mendillo, former President and CEO at Harvard Management Company
- Michael Mullen, former Chairman of the Joint Chiefs of Staff
- James Mulva, former CEO, President, and Chairman at ConocoPhillips
- Patricia Russo, CEO of Hewlett Packard Enterprise
- Thomas Schoewe, former CFO of Wal-Mart Stores
- Theodore Solso, former CEO and Chairman of Cummins
- Carol Stephenson, former dean at Ivey Business School
- Devin Wenig, former President and CEO of eBay
- Jon McNeill, CEO of DVx Ventures LLC
Chairmen of the Board of General Motors
- Thomas Neal – November 19, 1912 – November 16, 1915
- Pierre S. du Pont – November 16, 1915 – February 7, 1929
- Lammot du Pont II – February 7, 1929 – May 3, 1937
- Alfred P. Sloan Jr. – May 3, 1937 – April 2, 1956
- Albert Bradley – April 2, 1956 – August 31, 1958
- Frederic G. Donner – September 1, 1958 – October 31, 1967
- James M. Roche – November 1, 1967 – December 31, 1971
- Richard C. Gerstenberg – January 1 – November 30, 1974
- Thomas A. Murphy – December 1, 1974 – December 31, 1980
- Roger B. Smith – January 1, 1981 – July 31, 1990
- Robert C. Stempel – August 1, 1990 – November 1, 1992
- John G. Smale – November 2, 1992 – December 31, 1995
- John F. Smith Jr. – January 1, 1996 – April 30, 2003
- Rick Wagoner – May 1, 2003 – March 30, 2009
- Kent Kresa – March 30 – July 10, 2009
- Edward Whitacre Jr. – July 10, 2009 – December 31, 2010
- Daniel Akerson – December 31, 2010 – January 15, 2014
- Tim Solso – January 15, 2014 – January 4, 2016
- Mary Barra – January 4, 2016 – Present
Chief Executive Officers of General Motors
- Alfred P. Sloan Jr. – May 10, 1923 – June 3, 1946
- Charles Erwin Wilson – June 3, 1946 – January 26, 1953
- Harlow H. Curtice – February 2, 1953 – August 31, 1958
- James M. Roche – November 1, 1967 – December 31, 1971
- Richard C. Gerstenberg – January 1, 1972 – November 30, 1974
- Thomas A. Murphy – December 1, 1974 – December 31, 1980
- Roger B. Smith – January 1, 1981 – July 31, 1990
- Robert C. Stempel – August 1, 1990 – November 1, 1992
- John F. Smith Jr. – November 2, 1992 – May 31, 2000
- Rick Wagoner – June 1, 2000 – March 30, 2009
- Frederick Henderson – March 30 – December 1, 2009
- Edward Whitacre Jr. – December 1, 2009 – September 1, 2010
- Daniel Akerson – September 1, 2010 – January 15, 2014
- Mary Barra – January 15, 2014 – Present
Philanthropy
From 1976 until 2017, philanthropic activity was carried out via the General Motors Foundation, a 501(c)(3) foundation.
General Motors has a close relationship with the Nature Conservancy and has fundraised for and donated cash and vehicles to the charity.
Since 1997, GM has been a source of funding for Safe Kids Worldwide's "Safe Kids Buckle Up" program, an initiative to ensure child automobile safety through education and inspection.
Labor conflicts
General Motors' American workers are unionized generally under the United Auto Workers (UAW), which is the primary auto workers union in the United States.
Flint sit-down strike
Main article: Flint sit-down strikeThe 1936–1937 Flint sit-down strike against General Motors changed the UAW from a collection of isolated local unions on the fringes of the industry into a major labor union and led to the unionization of the domestic United States automobile industry.
After the first convention of UAW in 1936, the union decided that it could not survive by piecemeal organizing campaigns at smaller plants, as it had in the past, but that it could organize the automobile industry only by going after its biggest and most powerful employer, General Motors, focusing on GM's production complex in Flint, Michigan.
Organizing in Flint was a difficult and dangerous plan. GM controlled city politics in Flint and kept a close eye on outsiders. According to Wyndham Mortimer, the UAW officer put in charge of the organizing campaign in Flint, he received a death threat by an anonymous caller when he visited Flint in 1936. GM also maintained an extensive network of spies throughout its plants. This forced UAW members to keep the names of new members secret and meeting workers at their homes.
As the UAW studied its target, it discovered that GM had only two factories that produced the dies from which car body components were stamped: one in Flint that produced the parts for Buicks, Pontiacs, and Oldsmobiles, and another in Cleveland that produced Chevrolet parts.
While the UAW called for a sit-down strike in Flint, the police, armed with guns and tear gas, attempted to enter the Fisher Body 2 plant on January 11, 1937. The strikers inside the plant pelted them with hinges, bottles, and bolts. At the time, Vice President John Nance Garner supported federal intervention to break up the Flint Strike, but this idea was rejected by President Franklin D. Roosevelt. The president urged GM to distinguish a union so the plants could re-open. The strike ended after 44 days.
That development forced GM to bargain with the union. John L. Lewis, President of the United Mine Workers and founder and leader of the Congress of Industrial Organizations, spoke for the UAW in those negotiations; UAW President Homer Martin was sent on a speaking tour to keep him out of the way. GM's representatives refused to be in the same room as the UAW, so Governor Frank Murphy acted as a courier and intermediary between the two groups. Governor Murphy sent in the U.S. National Guard not to evict the strikers but rather to protect them from the police and corporate strike-breakers. The two parties finally reached an agreement on February 11, 1937, on a one-page agreement that recognized the UAW as the exclusive bargaining representative for GM's employees, who were union members for the next six months.
Tool and die strike of 1939
Main article: Tool and die strike of 1939The tool and die strike of 1939, also known as the "strategy strike", was an ultimately successful attempt by the UAW to be recognized as the sole representative for General Motors workers. In addition to representation rights, the UAW, working jointly with the Congress of Industrial Organizations (CIO), sought to resolve existing grievances of skilled workers.
United Auto Workers (UAW) strike of 1945–1946
Main article: 1945-46 United Auto Workers strikeFrom November 21, 1945, until March 13, 1946, (113 days) the UAW organized "320,000 hourly workers" to form a US-wide strike against the General Motors Corporation, workers used the tactic of the sit down strike. It was "the longest strike against a major manufacturer" that the UAW had yet seen, and it was also "the longest national GM strike in its history". As director of the UAW's General Motors Department (coordinator of union relations with GM), Walter Reuther suggested to his colleagues the idea of striking the GM manufacturing plants with a 'one-at-a-time' strategy, which was "intended to maximize pressure on the target company". Reuther also put forth the demands of the strikers: a 30 percent increase in wages and a hold on product prices. However, the strike ended with the dissatisfaction of Walter Reuther and the UAW, and the workers received only a 17.5-percent increase in wages.
2007 General Motors strike
Main article: 2007 General Motors strikeThe 2007 General Motors strike was a strike from September 24 to 26, 2007, by the UAW against General Motors.
On September 24, 2007, General Motors workers represented by the UAW union went on strike against the company. The first US-wide strike against GM since 1970 was expected to idle 59 plants and facilities for an indefinite period of time. Talks broke down after more than 20 straight days of bargaining failed to produce a new contract. Major issues that proved to be stumbling blocks for an agreement included wages, benefits, job security and investments in US facilities.
Two car assembly plants in Oshawa, Ontario and a transmission facility in Windsor closed on September 25. However, on September 26, a tentative agreement was reached, and the strike's end was announced by UAW officials in a news conference at 4 a.m. By the following day, all GM workers in both countries were back to work.
2019 General Motors strike
Main article: 2019 General Motors strikeOn the morning of September 15, 2019, after talks broke down to renew their contract, which expired earlier that day, the UAW announced that GM employees would begin striking at 11:59 pm. This strike shut down operations in nine states, including 33 manufacturing plants and 22 parts distribution warehouses. After 40 days, on October 25, 2019, the "longest strike by autoworkers in a decade" and the longest against GM since 1970 came to an end when United Auto Workers members voted to approve a new contract with GM. Striking labor union members received a $275 a week strike pay salary for the duration of the strike. The strike cost GM more than $2 billion.
2023 United Auto Workers strike
Main article: 2023 United Auto Workers strikeThe 2023 strike launched by the UAW was the first strike against all three major American automakers in history. Then-recently elected UAW president Shawn Fain stated that he was "fed up" with the current situation between workers and automakers; Fain specifically blasted the tiered workers system at automakers, failure for automakers to keep wages up with inflation, pensions, as well as the introduction of a four-day workweek as opposed to the five-day workweek. GM CEO Mary Barra protested that her company offered an "unprecedented deal" which gave workers 20% raises as well as "world-class" healthcare. Barra further stated that meeting all 1,000 plus demands would bankrupt the company and cost over $100 billion.
Controversies
This article's "criticism" or "controversy" section may compromise the article's neutrality. Please help rewrite or integrate negative information to other sections through discussion on the talk page. (December 2023) |
Streetcar conspiracy
Main article: General Motors streetcar conspiracyBetween 1938 and 1950, GM allegedly deliberately monopolized the sale of buses and supplies to National City Lines (NCL) and its subsidiaries, in violation of the Sherman Antitrust Act of 1890, intending to dismantle streetcar systems in many cities in the United States and make buses, sold by GM, the dominant form of public transport.
Ralph Nader and the Corvair
Main article: Unsafe at Any Speed: The Designed-In Dangers of the American AutomobileUnsafe at Any Speed: The Designed-In Dangers of the American Automobile by Ralph Nader, published in 1965, is a book accusing car manufacturers of being slow to introduce safety features and reluctant to spend money on improving safety. It relates to the first models of the Chevrolet Corvair (1960–1964) that had a swing axle suspension design that was prone to 'tuck under' in certain circumstances. To compensate for the removal of a front stabilizer bar (anti-roll bar) as a cost-cutting measure, Corvairs required tire pressures that were outside of the tire manufacturer's recommended tolerances. The Corvair relied on an unusually high front to rear pressure differential (15 psi front, 26 psi rear, when cold; 18 psi and 30 psi hot), and if one inflated the tires equally, as was standard practice for all other cars at the time, the result was dangerous over-steer.
In early March 1966, several media outlets, including The New Republic and The New York Times, alleged that GM had tried to discredit Ralph Nader, hiring private detectives to tap his phones and investigate his past, and hiring prostitutes to trap him in compromising situations. Nader sued the company for invasion of privacy and settled the case for $425,000. Nader's lawsuit against GM was ultimately decided by the New York Court of Appeals, whose opinion in the case expanded tort law to cover "overzealous surveillance". Nader used the proceeds from the lawsuit to start the pro-consumer Center for Study of Responsive Law.
A 1972 safety commission report conducted by Texas A&M University concluded that the 1960–1963 Corvair possessed no greater potential for loss of control than its contemporary competitors in extreme situations. The United States Department of Transportation (DOT) issued a press release in 1972 describing the findings of NHTSA testing from the previous year. NHTSA conducted a series of comparative tests in 1971 studying the handling of the 1963 Corvair and four contemporary cars – a Ford Falcon, Plymouth Valiant, Volkswagen Beetle, and Renault Dauphine – along with a second-generation Corvair (with its completely redesigned, independent rear suspension). The 143-page report reviewed NHTSA's extreme-condition handling tests, national crash-involvement data for the cars in the test as well as General Motors' internal documentation regarding the Corvair's handling.
NHTSA went on to contract an independent advisory panel of engineers to review the tests. This review panel concluded that 'the 1960–63 Corvair compares favorably with contemporary vehicles used in the tests ... the handling and stability performance of the 1960–63 Corvair does not result in an abnormal potential for loss of control or rollover, and it is at least as good as the performance of some contemporary vehicles both foreign and domestic'.
In 1980, former GM executive John DeLorean wrote in his book On a Clear Day You Can See General Motors that Nader's criticisms were valid.
Journalist David E. Davis said that despite Nader's claim that swing-axle rear suspension were dangerous, Porsche, Mercedes-Benz, and Volkswagen all used similar swing-axle concepts during that era.
Apartheid
In 2002, GM (along with other multinational corporations) was sued by a group of South Africans represented by the Khulumani Support Group. The plaintiffs alleged that the company provided vehicles to the South African security forces during the Apartheid. The company settled with the plaintiffs in 2012, agreeing to pay a sum of up to $1.5 million.
Ignition switch recall
Main article: General Motors ignition switch recallsIn May 2014, the National Highway Traffic Safety Administration fined the company $35 million for failing to recall cars with faulty ignition switches for a decade, despite knowing there was a problem with the switches. General Motors paid compensation for 124 deaths linked to the faulty switches. The $35 million fine was the maximum the regulator could impose. The total cost of the recall was estimated to be $1.5 billion. As well as the Cobalts, the switches of concern had been installed in many other cars, such as the Pontiac G5, the Saturn Ion, the Chevrolet HHR, the Saturn Sky, and Pontiac Solstice. The recall involved about 2.6 million GM cars worldwide.
Forced Uyghur labor
In 2020, the Australian Strategic Policy Institute accused at least 82 major brands, including General Motors, of being connected to forced Uyghur labor in Xinjiang.
Sale of driver data to insurance companies
General Motors has come under criticism for collecting highly detailed driver data and selling the personal information to insurance companies without consumers' consent or knowledge. Texas Attorney General Ken Paxton sued General Motors on August 13, 2024, alleging that General Motors sold the information to at least two companies, LexisNexis Risk Solutions and Verisk Analytics, who then sold the information to insurance companies.
See also
- Alliance of Automobile Manufacturers
- ASOTRECOL
- Crucible Industries
- EcoCAR
- General Motors Hy-wire
- General Motors proving grounds
- General Motors Technical Center
- GM people
- GM vehicles by brand
- List of automobile manufacturers of the United States
- List of GM engines
- List of General Motors factories
- List of General Motors platforms
- List of GM transmissions
- United States Council for Automotive Research
- VIA Motors
- Freon
- Global Climate Coalition
- Ethyl Corporation
- Durant Motors
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Further reading
- Goolsbee, Austan D.; Krueger, Alan B. (2015). "A retrospective look at rescuing and restructuring General Motors and Chrysler". Journal of Economic Perspectives. 29 (2): 3–24. doi:10.1257/jep.29.2.3. hdl:10419/110116. S2CID 113330698.
- Sloan, Alfred P. (1964), McDonald, John (ed.), My Years with General Motors, Garden City, NY, US: Doubleday, LCCN 64011306, OCLC 802024. Republished in 1990 with a new introduction by Peter Drucker (ISBN 978-0385042352).
- Barabba, Vincent P. (2004). Surviving Transformation: Lessons from GM's Surprising Turnaround. New York: Oxford University Press. ISBN 978-0-19-517141-9. OCLC 474580094. Archived from the original on January 1, 2016.
- Chandler, Alfred D. Jr. (1964). Giant Enterprise: Ford, General Motors, and the Automobile Industry. New York: Harcourt, Brace & World. ISBN 978-0-405-13349-7. OCLC 63017200.
- Cray, Ed (1980). Chrome Colossus: General Motors and Its Times. New York: McGraw-Hill. ISBN 978-0-07-013493-5. OCLC 6223723.
- Farber, David R. (2002). Sloan Rules: Alfred P. Sloan and the Triumph of General Motors. Chicago: University of Chicago Press. ISBN 978-0-226-23804-3. OCLC 49558636. Archived from the original on January 1, 2016.
- Gustin, Lawrence R. (2008) . Billy Durant: Creator of General Motors. Ann Arbor: University of Michigan Press. ISBN 978-0-472-03302-7. OCLC 179794253.
- Halberstam, David (1986). The Reckoning. A Thomas Congdon book. New York: Morrow. ISBN 978-0-688-04838-9. OCLC 246158814.
- Keller, Maryann (1989). Rude Awakening: The Rise, Fall, and Struggle for Recovery of General Motors. New York: Morrow. ISBN 978-0-688-07527-9. OCLC 423222597.
- Kimes, Beverly Rae, ed. (1989). The Standard Catalogue of American Cars 1805–1942 (2nd ed.). Iola, Wisconsin: Krause Publications. ISBN 978-0-87341-111-0.
- Leslie, Stuart W. (1983). Boss Kettering. New York: Columbia University Press. ISBN 978-0-231-05600-7. OCLC 8845819.
- Maxton, Graeme P.; Wormald, John (2004). Time for a Model Change: Re-Engineering the Global Automotive Industry. Cambridge, England: Cambridge University Press. ISBN 978-0-521-83715-6. OCLC 54826137. Archived from the original on January 1, 2016.
- Maynard, Micheline (2003). The End of Detroit: How the Big Three Lost Their Grip on the American Car Market. New York: Currency/Doubleday. ISBN 978-0-385-50769-1. OCLC 52623614.
- Pelfrey, William (2006). Billy, Alfred, and General Motors: The Story of Two Unique Men, a Legendary Company, and a Remarkable Time in American History. New York: AMACOM. ISBN 978-0-8144-0869-8. OCLC 61362777. Archived from the original on January 1, 2016.
- Pound, Arthur (1934). The turning wheel; the story of General Motors through twenty-five years, 1908–1933. New York: Doubleday, Doran & Co.
- Rae, John Bell (1965). The American Automobile; A Brief History. The Chicago history of American civilization. Chicago: University of Chicago Press. OCLC 236834.
- Robertson, Heather (1995). Driving force: The McLaughlin family and the age of the car. McClelland & Stewart. ISBN 978-0-7710-7556-8. A history of the businesses of Samuel McLaughlin and family, and the beginnings of General Motors Canada Ltd.
- Weisberger, Bernard A. (1979). The Dream Maker: William C. Durant, Founder of General Motors. Boston: Little, Brown. ISBN 978-0-316-92874-8. OCLC 5736758.
External links
- Official website
- Business data for General Motors Company:
- GM Heritage (1908-2008) - General Motors (the GMnext wiki) via: archive.is
- Generations of GM (1908-2008) - General Motors
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