General Motors Company Description
General Motors (GM) makes a wide portfolio of cars and trucks, with brands such as Buick, Cadillac, Chevrolet, and GMC. 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 about 10%). 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. The giant automotive manufacturer went through a brief Chapter 11 bankruptcy reorganization in 2009.
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.
