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.
GMC (formerly the General Motors Truck Company (1911–1943), or the GMC Truck & Coach Division (1943–1998)) is a division of American automotive manufacturer General Motors (GM) for trucks and utility vehicles. GMC currently makes SUVs, pickup trucks, vans, and light-duty trucks.
Daewoo (GM owns 44%) Fiat (GM has decided to divorce itself from Fiat as of Feb '05, but will retain 10% ownership.) GMC; Holden (brand discontinued in 2020) Hummer (brand discontinued in 2010, reintroduced as a GMC model in 2021 and 2023) Oldsmobile (brand discontinued in 2004) Pontiac (brand discontinued in 2010) SAAB Automobile (brand ...
The biggest of the Big Three experienced a strong 2024 with robust sales of its generally higher-priced vehicles, like trucks, SUVs, and EVs.. GM shareholders were rewarded with the stock up 25% ...
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
The nameplate returned to the marketplace for the 2022 model year, not as a separate make brand but as electric pickup truck and SUV models sold under the GMC brand as the "GMC Hummer EV". [ 5 ] [ 6 ] The pre-production versions of the EV began November 2021 after a $2.2 billion investment to build a variety of all-electric vehicles in GM's ...
Automakers have since been reduced and scaled back on incentives and raise prices, while cutting production. The subprime mortgage crisis and inflated higher crude prices in 2008 resulted in the plummeting popularity of best-selling trucks and SUVs, led automakers to continue offering heavy incentives to help clear excess inventory. [9] [22]
On November 22, 2006, Kerkorian sold 14 million shares of his GM stake (it is speculated that this action was due to GM's rejection of Renault and Nissan's bids for stakes in the company as both of these bids were strongly supported by Kerkorian); the sale resulted in GM's share price falling 4.1% from its 20 November price, although it ...