General Motors Company (commonly known as General Motors or GM) (NYSE: GM, TSX: GMM.U), is an American automaker based in Detroit, Michigan and the world's second-largest multinational automaker.[3] The old General Motors Corporation was founded in 1908 and was reestablished as of July 10, 2009.[4] With its global headquarters in Detroit, GM employs 209,000 people in every major region of the world and does business in some 157 countries. General Motors produces cars and trucks in 31 countries, and sells and services these vehicles through the following divisions/brands: Buick, Cadillac, Chevrolet, GMC, Opel, Vauxhall, and Holden, as well as two joint ventures in China. GM's OnStar subsidiary provides vehicle safety, security and information services.
On June 8, 2009, General Motors filed for reorganization under the provisions of Chapter 11, Title 11, United States Code. On July 10, 2009, with financing partially provided by the US Government, the company emerged from reorganization and was listed on major stock exchanges on November 18, 2010 with the world's largest IPO.
General Motors Company (GM), incorporated in on September 16, 1908, is a global automotive company. It develops, produces and markets cars, trucks and parts worldwide. GM also provides automotive financing services through General Motors Financial Company, Inc. (GM Financial), formerly AmeriCredit Corp. (AmeriCredit). These financing operations consist principally of financing automobile purchases and leases for retail customers. The Company operates in five segments: GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial. On October 1, 2010, GM completed the acquisition of GM Financial. GM owns a 9.9% interest in Ally Financial.
In February 2010, GM completed the sale of Saab Automobile AB (Saab). In May 2010, the Company completed the sale of Saab Automobile GB (Saab GB). During the the year ended December 31, 2010, GM completed the wind down of its Pontiac, Saturn and HUMMER brands. In November 2010, the Company sold its Nexteer equipment unit to China-based Pacific Century Motors. In March 2011, the Company announced the sale of its Class A Membership Interest in Delphi Automotive LLP (Delphi) back to Delphi.
Automotive
The Company’s automotive operations meet the demands of its customers through its four automotive segments: GMNA, GME, GMIO and GMSA. During 2010, GM’s total worldwide vehicle sales were 8.4 million. All of the cars, trucks and parts are marketed through retail dealers in North America, and through distributors and dealers outside of North America. GMNA primarily meets the demands of customers in North America with vehicles developed, manufactured and/or marketed under four brands: Buick, Cadillac, Chevrolet and GMC. The demands of customers outside North America are primarily met with vehicles developed, manufactured and/or marketed under the brands, which include Buick, Cadillac, Chevrolet, GMC, Daewoo, Holden, Isuzu, Opel and Vauxhall.
As of December 31, 2010, GM had equity ownership stakes directly or indirectly in entities through various regional subsidiaries, including GM Daewoo Auto & Technology Co. (GM Daewoo), Shanghai General Motors Co., Ltd. (SGM), SAIC-GM-Wuling Automobile Co., Ltd. (SGMW), FAW-GM Light Duty Commercial Vehicle Co., Ltd. (FAW-GM) and SAIC GM Investment Limited (HKJV). During 2010, GMNA, with sales, manufacturing and distribution operations in the United States, Canada and Mexico, and distribution operations in Central America and the Caribbean, represented 31.3% of its total vehicle sales volume. GME has sales, manufacturing and distribution operations across Western and Central Europe. During 2010, GME’s vehicle sales volume, which in addition to Western and Central Europe, included Russia, the Commonwealth of Independent States and Eastern Europe, represented 19.8% of its total vehicle sales volume.
GMIO has sales, manufacturing and distribution operations in Asia-Pacific, Russia, the Commonwealth of Independent States, Eastern Europe, Africa and the Middle East. During 2010, GMIO’s vehicle sales volume, which includes Asia-Pacific, Africa and the Middle East, represented 36.7% of its total vehicle sales volume, including sales through its joint ventures. During 2010, GMIO’s vehicle sales volume 76.4% was from China. The Company’s Chinese operations primarily consisted of three joint ventures: Shanghai General Motors Co., Ltd. (SGM); of which it owns 49%, SAIC-GM-Wuling Automobile Co., Ltd. (SGMW); of which it owns 44% and FAW-GM Light Duty Commercial Vehicle Co., Ltd. (FAW-GM); of which GM owns 50%. During 2010, GMSA, with sales, manufacturing and distribution operations in Brazil, Argentina, Colombia, Ecuador and Venezuela, as well as sales activities in Bolivia, Chile, Paraguay, Peru and Uruguay, represented 12.2% of its total vehicle sales volume. In South America, GM sells its vehicles under the Chevrolet, Suzuki and Isuzu brands. During 2010, of GMSA’s vehicle sales volume 64.1% was from Brazil.
In addition to the products the Company sells to its dealers for consumer retail sales, GM sells cars and trucks to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. GM sells vehicles to fleet customers directly or through its network of dealers. Its retail and fleet customers can obtain a range of aftersale vehicle services and products through its dealer network, such as maintenance, light repairs, collision repairs, vehicle accessories and extended service warranties.
Automotive Financing
GM Financial is an automotive finance company. GM Financial purchases automobile finance contracts for new and used vehicles purchased by consumers primarily from franchised and select independent dealerships. GM Financial offers financing to consumers who are unable to obtain financing from more traditional sources. GM Financial services its loan portfolio at regional centers using automated loan servicing and collection systems. GM Financial finances its loan origination volume through the use of credit facilities and securitization trusts that issue asset-backed securities to investors. In December 2010, GM Financial began offering a lease product in some geographic areas through its franchised dealerships that focuses consumers with prime credit bureau scores leasing new GM vehicles.
In May 2000 GM, Fuji, and Suzuki agreed to develop compact cars for the European market. Another deal involving Europe was reached in early 2000, when GM agreed to acquire a 20 percent stake in the Fiat Auto S.p.A. unit of Fiat S.p.A., the number six automaker in the world, in exchange for Fiat taking a 5.1 percent stake in GM. Through this deal, GM aimed to grab a larger share of the market for the small vehicles popular in Europe and Latin America but shunned in the United States. In mid-2000 GM and Fiat jointly bid to acquire troubled South Korean carmaker Daewoo Motor Company but were outbid by Ford. Also in 2000, GM acquired the 50 percent of Saab Automobile that it did not already own.
Closer to home, GM began building a factory in Lansing, Michigan, its first new plant in 15 years. In another key early 2000 development, the company agreed to join with DaimlerChrysler AG and Ford to create an Internet-based global business-to-business supplier exchange, Covisint LLC, that would be open to all suppliers and automakers. This would create the world's largest virtual marketplace. Although the Federal Trade Commission (FTC) quickly opened a preliminary antitrust inquiry into the plan, clearance was eventually gained and the Covisint venture went forward.
In June 2000 G. Richard Wagoner was promoted from president to CEO, with Smith remaining chairman. At the age of 47, Wagoner became the youngest CEO in GM history and faced the daunting task of running what was still considered by many observers to be an excessively bureaucratic and overly complex organization, which was extremely resistant to change and seemingly unable to anticipate most market trends.
The focus on strengthening its foothold in the Asian market continued into 2001. Ford suddenly announced that it was dropping its offer for Daewoo, leaving GM wide open to relaunch its bid. Negotiations began that year and were finalized in 2002. GM ended up acquiring a majority interest in Daewoo Motor, renaming it GM Daewoo Auto & Technology. At the same time, the company purchased an additional 10 percent of Suzuki, increasing its stake to 20 percent, and signed a deal with AvtoVAZ to build sports utility vehicles (SUVs) for the Russian market.
GM chalked up a solid performance during this period. While its competitors struggled with recalls, and quality and merger integration issues, the automaker appeared to have overcome the problems of its past. An April 2002 Fortune article noted that "some of what's driving GM is very basic: improvements in quality and productivity, the pruning of unprofitable vehicles, and frankly, weakness at its crosstown rivals Ford and Chrysler." GM's market share rose in 2001 and by early 2002 had reached 30.9 percent in the U.S. market. Chevrolet had also started to outsell Ford. This was due in part to the successful zero percent financing plans it introduced after the terrorist attacks in September 2001. The financing plan was advertised under the "Keep America Rolling" slogan. Sales of GM cars increased by 31 percent one month after its launch.
The company did face one major hurdle however--its $76 billion pension fund. Deals struck with the UAW in past years left GM forced to pay out costly health and retirement benefits. The company was the largest purchaser of health care in the United States, spending nearly $5 billion on healthcare alone in 2003. Word spread quickly that GM's pension fund was underfunded by nearly $18 billion at the start of 2003. The company was able to generate cash for the fund by selling off its Hughes Electronics stake to News Corporation in 2003 for approximately $3.1 billion. It also jettisoned its armored vehicles business in a $1.1 billion deal. The sale of its noncore assets, global debt offerings, and income from its automotive operations allowed to the company to fully fund its U.S. salaried and hourly employee pension plans by the end of 2003. Its automotive earnings, however, felt the crunch. Overall, the company's net income for 2003 reached $3.8 billion. The majority of earnings stemmed from its GMAC and Asian operations.
Smith retired in May 2003, leaving Wagoner at the helm. GM's management team continued to focus on controlling costs while phasing out car lines--including Oldsmobile, the Camero, and the Firebird--and launching such new products as the Cadillac CTS, the Hummer H2, and the Opel Vectra in Europe. GM faced a challenging road ahead. Rising healthcare costs, intense competition, and having to shore up its North American auto sales were just some of its obstacles. GM was, however, in the top position in its industry and was no stranger to adversity.
Principal Subsidiaries: General Motors Acceptance Corporation; General Motors Investment Management Corporation; GMAC Commercial Finance LLC; Saturn Corporation; Holden, Ltd. (Australia); General Motors do Brasil Ltda. (Brazil); General Motors of Canada, Ltd.; Adam Opel AG (Germany); General Motors de Mexico, S.A. de C.V.; Saab Automobile AB (Sweden); Saab Cars Holding Corporation; Vauxhall Motors Limited (United Kingdom).
Principal Operating Units: GM Automotive; Financing and Insurance Operations.
Principal Competitors: AmeriCredit Corporation; Bayerische Motoren Werke AG; Credit Acceptance Corporation; DaimlerChrysler AG; Ford Motor Company; Ford Motor Credit Company; General Electric Capital Corporation; General Electric Company; Honda Motor Co., Ltd.; Hyundai Motor Company; Mazda Motor Corporation; Mitsubishi Motors Corporation; Nissan Motor Co., Ltd.; PSA Peugeot Citron S.A.; Renault S.A.; Suzuki Motor Corporation; Toyota Motor Corporation; Volkswagen AG.
OVERALL
Beta: 0.92
Market Cap (Mil.): $49,975.41
Shares Outstanding (Mil.): 1,560.76
Annual Dividend: --
Yield (%): --
FINANCIALS
GM.N Industry Sector
P/E (TTM): 5.66 5.22 17.74
EPS (TTM): -97.97 -- --
ROI: 6.28 0.80 1.52
ROE: 27.79 1.83 2.36
Statistics:
Public Company
Incorporated:1916
Employees:326,000
Sales:$185.5 billion (2003)
Stock Exchanges:New York Toronto Frankfurt Euronext Paris London
Ticker Symbol:GM
NAIC:336111 Automobile Manufacturing; 336112 Light Truck and Utility Vehicle Manufacturing; 336211 Motor Vehicle Body Manufacturing; 336350 Motor Vehicle Transmission and Power Train Parts Manufacturing; 336510 Railroad Rolling Stock Manufacturing; 421110 Automobile and Other Motor Vehicle Wholesalers; 441110 New Car Dealers; 522220 Sales Financing; 522291 Consumer Lending; 522292 Real Estate Credit; 524126 Direct Property and Casualty Insurance Carriers; 532112 Passenger Cars Leasing
Key Dates:
1892: R.E. Olds founds the Olds Motor Vehicle Company.
1895: The first Oldsmobile model is taken on its trial run.
1900: David Buick founds a factory in Detroit.
1902: Henry Leland produces the first Cadillac.
1903: William Durant forms General Motors Corporation, bringing together Oldsmobile and Buick.
1909: Cadillac and Oakland (renamed Pontiac) join GM.
1912: GM introduces the electric self-starter in its Cadillacs.
1918: Chevrolet becomes part of GM.
1923: Alfred Sloan, Jr., is named president.
1925: U.K. automaker Vauxhall Motors is acquired.
1931: Germany's Adam Opel is acquired.
1940: GM begins producing defense materials.
1950: All U.S. models are available with an automatic gearbox.
1971: GM acquires a 34 percent stake in Isuzu Motors.
1984: GM acquires Electronic Data Systems.
1986: Hughes Aircraft is acquired.
1990: Company acquires a 50 percent stake in Swedish carmaker Saab Automobile AB; Saturn Corporation is created as a subsidiary.
1996: EDS is spun off.
1999: GM acquires a 20 percent stake in Fuji Heavy Industries, maker of Subaru cars.
2000: GM gains a 20 percent stake in Fiat S.p.A.'s Fiat Auto S.p.A. unit and takes full control of Saab.
2002: A majority interest in Daewoo Motor Company--later known as GM Daewoo Auto & Technology--is acquired.
2003: The company sells its stake in Hughes Electronics to News Corporation.
Name Age Since Current Position
Akerson, Daniel 62 2011 Chairman of the Board, Chief Executive Officer
Stephens, Thomas 62 2011 Vice Chairman of the Board, Global Chief Technology Officer
Girsky, Stephen 48 2011 Vice Chairman of the Board
Ammann, Daniel 38 2011 Chief Financial Officer, Senior Vice President
Millikin, Michael 62 2011 GM Senior Vice President, General Counsel
Barra, Mary 49 2011 GM Senior Vice President - Global Product Development
Cyprus, Nicholas 57 2009 GM Vice President, Chief Accounting Officer, Controller
Kline, Terry 49 2009 GM Vice President - Information Technology, Chief Information Officer
Ewanick, Joel 50 2011 GM Vice President, Global Chief Marketing Officer
Lee, Timothy 60 2009 GM Vice President & President - International Operations
Reilly, David 61 2009 GM Vice President & President, Europe
Reuss, Mark 47 2009 GM Vice President & President, North America
Ardila, Jaime 55 2010 GM Vice President & President - South America
Bingol, Selim 50 2010 GM Vice President - Global Communications
Russo, Patricia 58 2010 Independent Lead Director
Bonderman, David 68 2009 Independent Director
Davis, Erroll 66 2009 Independent Director
Isdell, E. Neville 67 2009 Independent Director
Krebs, Robert 68 2009 Independent Director
Laskawy, Philip 70 2009 Independent Director
Marinello, Kathryn 54 2009 Independent Director
Stephenson, Carol 60 2009 Independent Director
Telles, Cynthia 58 2010 Independent Director
Address:
300 Renaissance Center
Detroit, Michigan 48265-3000
U.S.A.
On June 8, 2009, General Motors filed for reorganization under the provisions of Chapter 11, Title 11, United States Code. On July 10, 2009, with financing partially provided by the US Government, the company emerged from reorganization and was listed on major stock exchanges on November 18, 2010 with the world's largest IPO.
General Motors Company (GM), incorporated in on September 16, 1908, is a global automotive company. It develops, produces and markets cars, trucks and parts worldwide. GM also provides automotive financing services through General Motors Financial Company, Inc. (GM Financial), formerly AmeriCredit Corp. (AmeriCredit). These financing operations consist principally of financing automobile purchases and leases for retail customers. The Company operates in five segments: GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial. On October 1, 2010, GM completed the acquisition of GM Financial. GM owns a 9.9% interest in Ally Financial.
In February 2010, GM completed the sale of Saab Automobile AB (Saab). In May 2010, the Company completed the sale of Saab Automobile GB (Saab GB). During the the year ended December 31, 2010, GM completed the wind down of its Pontiac, Saturn and HUMMER brands. In November 2010, the Company sold its Nexteer equipment unit to China-based Pacific Century Motors. In March 2011, the Company announced the sale of its Class A Membership Interest in Delphi Automotive LLP (Delphi) back to Delphi.
Automotive
The Company’s automotive operations meet the demands of its customers through its four automotive segments: GMNA, GME, GMIO and GMSA. During 2010, GM’s total worldwide vehicle sales were 8.4 million. All of the cars, trucks and parts are marketed through retail dealers in North America, and through distributors and dealers outside of North America. GMNA primarily meets the demands of customers in North America with vehicles developed, manufactured and/or marketed under four brands: Buick, Cadillac, Chevrolet and GMC. The demands of customers outside North America are primarily met with vehicles developed, manufactured and/or marketed under the brands, which include Buick, Cadillac, Chevrolet, GMC, Daewoo, Holden, Isuzu, Opel and Vauxhall.
As of December 31, 2010, GM had equity ownership stakes directly or indirectly in entities through various regional subsidiaries, including GM Daewoo Auto & Technology Co. (GM Daewoo), Shanghai General Motors Co., Ltd. (SGM), SAIC-GM-Wuling Automobile Co., Ltd. (SGMW), FAW-GM Light Duty Commercial Vehicle Co., Ltd. (FAW-GM) and SAIC GM Investment Limited (HKJV). During 2010, GMNA, with sales, manufacturing and distribution operations in the United States, Canada and Mexico, and distribution operations in Central America and the Caribbean, represented 31.3% of its total vehicle sales volume. GME has sales, manufacturing and distribution operations across Western and Central Europe. During 2010, GME’s vehicle sales volume, which in addition to Western and Central Europe, included Russia, the Commonwealth of Independent States and Eastern Europe, represented 19.8% of its total vehicle sales volume.
GMIO has sales, manufacturing and distribution operations in Asia-Pacific, Russia, the Commonwealth of Independent States, Eastern Europe, Africa and the Middle East. During 2010, GMIO’s vehicle sales volume, which includes Asia-Pacific, Africa and the Middle East, represented 36.7% of its total vehicle sales volume, including sales through its joint ventures. During 2010, GMIO’s vehicle sales volume 76.4% was from China. The Company’s Chinese operations primarily consisted of three joint ventures: Shanghai General Motors Co., Ltd. (SGM); of which it owns 49%, SAIC-GM-Wuling Automobile Co., Ltd. (SGMW); of which it owns 44% and FAW-GM Light Duty Commercial Vehicle Co., Ltd. (FAW-GM); of which GM owns 50%. During 2010, GMSA, with sales, manufacturing and distribution operations in Brazil, Argentina, Colombia, Ecuador and Venezuela, as well as sales activities in Bolivia, Chile, Paraguay, Peru and Uruguay, represented 12.2% of its total vehicle sales volume. In South America, GM sells its vehicles under the Chevrolet, Suzuki and Isuzu brands. During 2010, of GMSA’s vehicle sales volume 64.1% was from Brazil.
In addition to the products the Company sells to its dealers for consumer retail sales, GM sells cars and trucks to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. GM sells vehicles to fleet customers directly or through its network of dealers. Its retail and fleet customers can obtain a range of aftersale vehicle services and products through its dealer network, such as maintenance, light repairs, collision repairs, vehicle accessories and extended service warranties.
Automotive Financing
GM Financial is an automotive finance company. GM Financial purchases automobile finance contracts for new and used vehicles purchased by consumers primarily from franchised and select independent dealerships. GM Financial offers financing to consumers who are unable to obtain financing from more traditional sources. GM Financial services its loan portfolio at regional centers using automated loan servicing and collection systems. GM Financial finances its loan origination volume through the use of credit facilities and securitization trusts that issue asset-backed securities to investors. In December 2010, GM Financial began offering a lease product in some geographic areas through its franchised dealerships that focuses consumers with prime credit bureau scores leasing new GM vehicles.
In May 2000 GM, Fuji, and Suzuki agreed to develop compact cars for the European market. Another deal involving Europe was reached in early 2000, when GM agreed to acquire a 20 percent stake in the Fiat Auto S.p.A. unit of Fiat S.p.A., the number six automaker in the world, in exchange for Fiat taking a 5.1 percent stake in GM. Through this deal, GM aimed to grab a larger share of the market for the small vehicles popular in Europe and Latin America but shunned in the United States. In mid-2000 GM and Fiat jointly bid to acquire troubled South Korean carmaker Daewoo Motor Company but were outbid by Ford. Also in 2000, GM acquired the 50 percent of Saab Automobile that it did not already own.
Closer to home, GM began building a factory in Lansing, Michigan, its first new plant in 15 years. In another key early 2000 development, the company agreed to join with DaimlerChrysler AG and Ford to create an Internet-based global business-to-business supplier exchange, Covisint LLC, that would be open to all suppliers and automakers. This would create the world's largest virtual marketplace. Although the Federal Trade Commission (FTC) quickly opened a preliminary antitrust inquiry into the plan, clearance was eventually gained and the Covisint venture went forward.
In June 2000 G. Richard Wagoner was promoted from president to CEO, with Smith remaining chairman. At the age of 47, Wagoner became the youngest CEO in GM history and faced the daunting task of running what was still considered by many observers to be an excessively bureaucratic and overly complex organization, which was extremely resistant to change and seemingly unable to anticipate most market trends.
The focus on strengthening its foothold in the Asian market continued into 2001. Ford suddenly announced that it was dropping its offer for Daewoo, leaving GM wide open to relaunch its bid. Negotiations began that year and were finalized in 2002. GM ended up acquiring a majority interest in Daewoo Motor, renaming it GM Daewoo Auto & Technology. At the same time, the company purchased an additional 10 percent of Suzuki, increasing its stake to 20 percent, and signed a deal with AvtoVAZ to build sports utility vehicles (SUVs) for the Russian market.
GM chalked up a solid performance during this period. While its competitors struggled with recalls, and quality and merger integration issues, the automaker appeared to have overcome the problems of its past. An April 2002 Fortune article noted that "some of what's driving GM is very basic: improvements in quality and productivity, the pruning of unprofitable vehicles, and frankly, weakness at its crosstown rivals Ford and Chrysler." GM's market share rose in 2001 and by early 2002 had reached 30.9 percent in the U.S. market. Chevrolet had also started to outsell Ford. This was due in part to the successful zero percent financing plans it introduced after the terrorist attacks in September 2001. The financing plan was advertised under the "Keep America Rolling" slogan. Sales of GM cars increased by 31 percent one month after its launch.
The company did face one major hurdle however--its $76 billion pension fund. Deals struck with the UAW in past years left GM forced to pay out costly health and retirement benefits. The company was the largest purchaser of health care in the United States, spending nearly $5 billion on healthcare alone in 2003. Word spread quickly that GM's pension fund was underfunded by nearly $18 billion at the start of 2003. The company was able to generate cash for the fund by selling off its Hughes Electronics stake to News Corporation in 2003 for approximately $3.1 billion. It also jettisoned its armored vehicles business in a $1.1 billion deal. The sale of its noncore assets, global debt offerings, and income from its automotive operations allowed to the company to fully fund its U.S. salaried and hourly employee pension plans by the end of 2003. Its automotive earnings, however, felt the crunch. Overall, the company's net income for 2003 reached $3.8 billion. The majority of earnings stemmed from its GMAC and Asian operations.
Smith retired in May 2003, leaving Wagoner at the helm. GM's management team continued to focus on controlling costs while phasing out car lines--including Oldsmobile, the Camero, and the Firebird--and launching such new products as the Cadillac CTS, the Hummer H2, and the Opel Vectra in Europe. GM faced a challenging road ahead. Rising healthcare costs, intense competition, and having to shore up its North American auto sales were just some of its obstacles. GM was, however, in the top position in its industry and was no stranger to adversity.
Principal Subsidiaries: General Motors Acceptance Corporation; General Motors Investment Management Corporation; GMAC Commercial Finance LLC; Saturn Corporation; Holden, Ltd. (Australia); General Motors do Brasil Ltda. (Brazil); General Motors of Canada, Ltd.; Adam Opel AG (Germany); General Motors de Mexico, S.A. de C.V.; Saab Automobile AB (Sweden); Saab Cars Holding Corporation; Vauxhall Motors Limited (United Kingdom).
Principal Operating Units: GM Automotive; Financing and Insurance Operations.
Principal Competitors: AmeriCredit Corporation; Bayerische Motoren Werke AG; Credit Acceptance Corporation; DaimlerChrysler AG; Ford Motor Company; Ford Motor Credit Company; General Electric Capital Corporation; General Electric Company; Honda Motor Co., Ltd.; Hyundai Motor Company; Mazda Motor Corporation; Mitsubishi Motors Corporation; Nissan Motor Co., Ltd.; PSA Peugeot Citron S.A.; Renault S.A.; Suzuki Motor Corporation; Toyota Motor Corporation; Volkswagen AG.
OVERALL
Beta: 0.92
Market Cap (Mil.): $49,975.41
Shares Outstanding (Mil.): 1,560.76
Annual Dividend: --
Yield (%): --
FINANCIALS
GM.N Industry Sector
P/E (TTM): 5.66 5.22 17.74
EPS (TTM): -97.97 -- --
ROI: 6.28 0.80 1.52
ROE: 27.79 1.83 2.36
Statistics:
Public Company
Incorporated:1916
Employees:326,000
Sales:$185.5 billion (2003)
Stock Exchanges:New York Toronto Frankfurt Euronext Paris London
Ticker Symbol:GM
NAIC:336111 Automobile Manufacturing; 336112 Light Truck and Utility Vehicle Manufacturing; 336211 Motor Vehicle Body Manufacturing; 336350 Motor Vehicle Transmission and Power Train Parts Manufacturing; 336510 Railroad Rolling Stock Manufacturing; 421110 Automobile and Other Motor Vehicle Wholesalers; 441110 New Car Dealers; 522220 Sales Financing; 522291 Consumer Lending; 522292 Real Estate Credit; 524126 Direct Property and Casualty Insurance Carriers; 532112 Passenger Cars Leasing
Key Dates:
1892: R.E. Olds founds the Olds Motor Vehicle Company.
1895: The first Oldsmobile model is taken on its trial run.
1900: David Buick founds a factory in Detroit.
1902: Henry Leland produces the first Cadillac.
1903: William Durant forms General Motors Corporation, bringing together Oldsmobile and Buick.
1909: Cadillac and Oakland (renamed Pontiac) join GM.
1912: GM introduces the electric self-starter in its Cadillacs.
1918: Chevrolet becomes part of GM.
1923: Alfred Sloan, Jr., is named president.
1925: U.K. automaker Vauxhall Motors is acquired.
1931: Germany's Adam Opel is acquired.
1940: GM begins producing defense materials.
1950: All U.S. models are available with an automatic gearbox.
1971: GM acquires a 34 percent stake in Isuzu Motors.
1984: GM acquires Electronic Data Systems.
1986: Hughes Aircraft is acquired.
1990: Company acquires a 50 percent stake in Swedish carmaker Saab Automobile AB; Saturn Corporation is created as a subsidiary.
1996: EDS is spun off.
1999: GM acquires a 20 percent stake in Fuji Heavy Industries, maker of Subaru cars.
2000: GM gains a 20 percent stake in Fiat S.p.A.'s Fiat Auto S.p.A. unit and takes full control of Saab.
2002: A majority interest in Daewoo Motor Company--later known as GM Daewoo Auto & Technology--is acquired.
2003: The company sells its stake in Hughes Electronics to News Corporation.
Name Age Since Current Position
Akerson, Daniel 62 2011 Chairman of the Board, Chief Executive Officer
Stephens, Thomas 62 2011 Vice Chairman of the Board, Global Chief Technology Officer
Girsky, Stephen 48 2011 Vice Chairman of the Board
Ammann, Daniel 38 2011 Chief Financial Officer, Senior Vice President
Millikin, Michael 62 2011 GM Senior Vice President, General Counsel
Barra, Mary 49 2011 GM Senior Vice President - Global Product Development
Cyprus, Nicholas 57 2009 GM Vice President, Chief Accounting Officer, Controller
Kline, Terry 49 2009 GM Vice President - Information Technology, Chief Information Officer
Ewanick, Joel 50 2011 GM Vice President, Global Chief Marketing Officer
Lee, Timothy 60 2009 GM Vice President & President - International Operations
Reilly, David 61 2009 GM Vice President & President, Europe
Reuss, Mark 47 2009 GM Vice President & President, North America
Ardila, Jaime 55 2010 GM Vice President & President - South America
Bingol, Selim 50 2010 GM Vice President - Global Communications
Russo, Patricia 58 2010 Independent Lead Director
Bonderman, David 68 2009 Independent Director
Davis, Erroll 66 2009 Independent Director
Isdell, E. Neville 67 2009 Independent Director
Krebs, Robert 68 2009 Independent Director
Laskawy, Philip 70 2009 Independent Director
Marinello, Kathryn 54 2009 Independent Director
Stephenson, Carol 60 2009 Independent Director
Telles, Cynthia 58 2010 Independent Director
Address:
300 Renaissance Center
Detroit, Michigan 48265-3000
U.S.A.