General Motors

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

GM Renaissance Center in Detroit, Michigan
Formerly	General Motors Corporation
Type	Public
Traded as	NYSE: GM S&P 100 component S&P 500 component
ISIN	US37045V1008
Industry	Automotive
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	William C. Durant Charles Stewart Mott Frederic L. Smith
Headquarters	Renaissance Center, Detroit, Michigan , U.S.
Number of locations	396 facilities on six continents[2]
Area served	Worldwide
Key people	Mary Barra (Chairperson & CEO)[2] Mark Reuss (President)
Products	Automobiles Automobile parts Commercial vehicles
Production output	5,939,000 vehicles (sales, 2022)[2]
Services	Vehicle financing
Revenue	US$156.74 billion (2022)[2]
Operating income	US$10.32 billion (2022)[2]
Net income	US$9.71 billion (2022)[2]
Total assets	US$264.04 billion (2022)[2]
Total equity	US$71.93 billion (2022)[2]
Number of employees	167,000 (December 2022)[2]
Divisions	Buick Cadillac Chevrolet GMC
Subsidiaries	List Transportation SAIC-GM (50%) SAIC-GM-Wuling Automobile (44%) Baojun BrightDrop Cruise Financial Services GM Financial Others Logistics: GM Certified Service OnStar Industrial: ACDelco DMAX (60%) GM Components Holdings GM Defense International: Cadillac Europe GM Argentina GM Brazil GM Canada CAMI Automotive GM Chile GM Colombia GM Egypt GM Japan GM Korea GM Mexico GM New Zealand GM Specialty Vehicles
Website	gm.com
Footnotes / references [2]

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] 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]

As of January 2023^[update], GM is ranked 25th on the Fortune 500 rankings of the largest United States corporations by total revenue.[14]