General Motors Company Description
General Motors (GM) makes cars and trucks, with brands such as Buick, Cadillac, Chevrolet, GMC, Pontiac, Saab, and Saturn. The giant automotive manufacturer filed for Chapter 11 in 2009. GM also produces cars through its GM Daewoo, Holden, Opel, and Vauxhall units. Financing and insurance business is primarily conducted by GMAC (GM currently owns nearly 60%). The century-old GM is experiencing historic financial challenges that threaten the company's longevity. The company received billions of dollars in loans from the Canadian and US governments as it restructured, negotiating concessions with its labor unions and jettisoning brands.
View the Comprehensive Company Description for General Motors
The Company Description provides a historical perspective of General Motors's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of General Motors's evolution in the marketplace.