AM General, LLC · South Bend, IN United States
Company Description
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This link will open in a new window AM General makes G.I. Joe's and Arnold Schwarzenegger's favorite rides -- the Humvee and the HUMMER. Militaries use the High Mobility Multipurpose Wheeled Vehicle (Humvee) for battlefield transportation, but after the vehicles gained attention in Operation Desert Storm, AM General introduced a civilian version, the HUMMER H1, for General Motors . The unwieldy width of the H1 led to the more parking-space-friendly HUMMER H2 (and the even smaller HUMMER H3). AM General's General Engine Products subsidiary also makes 6.5-liter diesel engines for automotive, military, and marine OEM markets. Investor Ronald Perelman's MacAndrews & Forbes Holding owns about 70% of the company. To read the full description, subscribe now.
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Key AM General, LLC Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | October |
| Employees | 1,599 |
AM General, LLC Executives
14 executives listed for AM General, LLC's South Bend, IN location.
| Title | Name & Bio | Contact |
| Chairman and CEO | James Armour | Network |
| President and COO | Paul Kern | Network |
| VP and CFO | Paul Cafiero | Network |
Competition
Competitive Landscape for AM General, LLC
Demand is driven by employment and interest rates. The profitability of individual companies depends on manufacturing efficiency, product quality, and effective marketing. Large companies have economies of scale in purchasing and marketing; smaller companies can compete by focusing on specialized markets. The industry is capital-intensive: average annual revenue per employee is nearly $2 million. US-based automakers compete with numerous foreign rivals, including companies such as Toyota, Honda, and Nissan that have extensive auto assembly operations in the US. Through stateside manufacturing capacities and exports to the US, foreign carmakers collectively have about half of the US market. US auto manufacturers' financial positions have deteriorated dramatically in recent years. The "Detroit Three" (Chrysler, Ford, and GM) have suffered from import competition and high cost structures. High gas prices, few small car offerings, and near record-low consumer demand during the late 2000s recession drove Chrysler and GM into bankruptcy, where their debts were restructured. Chrysler and GM also received billions in loans from the US and Canadian governments. Ford, which has joined GM and Chrysler in various government incentive programs but has not received direct federal investment, avoided bankruptcy largely due to more than $20 billion in secured and unsecured loans it took out in 2006. To read the full description, subscribe now.Top AM General, LLC Competitors
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