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General Motors Corporation ( Gm )

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General Motors Corporation (GM) General Motors Corporation (GM) is another leader in the automobile industry. It is located in Detroit and operates in almost 157 countries. It has close to 207,000 employees. Its products are Chevrolet, GMC, Buick and Cadillac. GM revenue was almost $155.4 billion globally during 2013 (Ruiz, 2014). Financial performance. According to GM’s 2014 10-K, over the past five years, GM’s revenue is expected to increase from 9.6% to $19.7 billion. GM filed for bankruptcy in June 2009; however, it has returned to regular operating from bankruptcy because it split market between the US federal government, the United Auto Workers union, and the Canadian government, and Old GM shareholders on July 10, 2009. GM …show more content…

GM also is starting to manages portfolio of assets for its branches in all around the world. According to Lowry (2014) a design for a car takes long time, and each part has to be designed and produced by suppliers after finalize negotiation and contract with them. Therefore, it is a long process for a vehicle manufacturer has to manage the portfolio and maintain sales over the short, medium, and long terms in each market. Based on this new strategy, GM is trying to design and produce more automotive than before more, and as a result, GM can sell more vehicle and getting better position in market share in this competitive market. Second, GM’s strategy is cost saving in their brands and models, but this strategy hasn’t been enough to ensure recovery from the problems which General Motors have recently faced. It needed a reduction in salary expenditures, and it needed get it from consumer wallets due to layoffs, pay cuts and bankruptcies. Upper level executive pay in the tens of millions of dollars plus stock options and bonuses to develop a sustainability in the company. Third, GM has been focusing on development for its brand. Chevrolet, Cadillac and Buick will remain at the core of GM business and production line. This decision was based on the sales statues in the domestic market. GM is introducing new models and re-branding these brands to new markets. Hummer didn’t fit

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