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General Motors

American multinational automotive company / From Wikipedia, the free encyclopedia

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The General Motors Company[2] (GM) is an American multinational automotive manufacturing company headquartered in Detroit, Michigan, United States.[3] It is 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.[4][5]

Quick facts: Formerly, Type, Traded as, ISIN, Industry...
General Motors Company
FormerlyGeneral Motors Corporation
TypePublic
ISINUS37045V1008
IndustryAutomotive
Founded
  • September 16, 1908; 114 years ago (1908-09-16)[1] (original company)
  • July 10, 2009; 13 years ago (2009-07-10) (present company)
Founders
HeadquartersRenaissance Center, ,
U.S.
Number of locations
396 facilities on six continents[2]
Area served
Worldwide
Key people
Products
Production output
6,291,000 vehicles (sales, 2021)[2]
ServicesVehicle financing
Revenue US$127.004 billion (2021)[2]
US$9.324 billion (2021)[2]
US$9.945 billion (2021)[2]
Total assets US$244.718 billion (2021)[2]
Total equity US$65.815 billion (2021)[2]
Number of employees
157,000 (December 2021)[2]
Divisions
Subsidiaries
Websitegm.com
Footnotes / references
[2]
Close

General Motors operates manufacturing plants in eight countries.[6] Its four core automobile brands are Chevrolet, Buick, GMC, and Cadillac. It also holds interests in Chinese brands Wuling Motors and Baojun as well as DMAX via joint ventures.[2] Additionally, GM also owns the BrightDrop delivery vehicle manufacturer,[7] a namesake Defense vehicles division which produces military vehicles for the United States government and military;[8] the vehicle safety, security, and information services provider OnStar;[9] the auto parts company ACDelco, a namesake financial lending service; and majority ownership in the self-driving cars enterprise Cruise LLC.

In January 2021, GM announced plans to end production and sales of vehicles using internal combustion engines, including hybrid vehicles and plug-in hybrids by 2035, as part of its plan to achieve carbon neutrality by 2040.[10] GM offers more flexible-fuel vehicles, which can operate on either E85 ethanol fuel or gasoline, or any blend of both, than any other automaker.[11]

The company traces itself to a holding company for Buick established on September 16, 1908, by William C. Durant, the largest seller of horse-drawn vehicles at the time.[12] The current entity was established in 2009 after the General Motors Chapter 11 reorganization.[13]

GM is ranked 22nd on the Fortune 500 rankings of the largest United States corporations by total revenue.[14]