Search results
Results from the WOW.Com Content Network
General Motors Company (GM) [2] is an American multinational automotive manufacturing company headquartered in Detroit, Michigan, United States. [3] The company is most known for owning and manufacturing four automobile brands: Chevrolet, Buick, GMC, and Cadillac, each a separate division of GM.
Penske had asked GM to extend the time it was to build Saturns until it could reach a deal with the Renault Group for vehicle replacements in 2012, but since that deal fell through Penske cancelled the planned sale. GM has said that the Saturn brand will be phased out by the 2010 model year, and the brand was declared defunct on October 31, 2010.
[31] [32] The new GM held an IPO on November 17, 2010, that raised an estimated $20.1 billion. [33] By December 2013, the US government sold the last of its GM stock. [34] By February 2015, the Ontario government sold the last of its 4% stake in GM, [35] and by April 2015, the Canadian federal government sold the last of its own 8% GM stake. [36]
GM gained higher rates of return on its benefit funds as a part of the solution. Stock value began to rebound—as of October 30, 2006, GM's market capitalization was about $19.19 billion. GM stock began the year 2006 at $19 a share, near its lowest level since 1982, as many on Wall Street figured the ailing automaker was bound for bankruptcy ...
As part of GM's vehicle electrification strategy, [138] and following the introduction of the Chevrolet Volt plug-in hybrid vehicle to the American market in late 2010, the Chevrolet Spark EV was launched in June 2013. It marked GM's first all-electric passenger car release in the United States since the discontinuation of the EV1 in 1999. [139]
On Nov. 15, GM cut another 1,000 jobs, including 507 jobs at the GM Tech Center based on information provided to the state.“ There’s still a large money-losing EV business and threats like ...
Shreveport Operations, officially the Shreveport Assembly and Stamping Plant, was a General Motors vehicle factory in Shreveport, Louisiana.The 3,100,000-square-foot (290,000 m 2) factory opened in 1981 and produced the company's compact pickup trucks alongside the Moraine Assembly in Dayton, Ohio.
GM has been a finance company that happened to sell cars. In 2005, GM limited its $6 billion in vehicle operating losses due to the $2.2 billion it made financing those vehicles.