2.0 General Motors William Crapo Durant established largest automobile manufacturer in the world, General Motors, in 1908 to produce "Buick automobiles". In the first year of the company, GM had satisfying sales rates and in the advancing years the company merged with other companies, such as Cadillac, Pontiac, Oldsmobile and AC Sparks Plugs. Amalgamation with other companies increased its sales and GM continued to merge with Chevrolet, Vauxhall Motors of Great Britain, Hummer, Isuzu, GMC, Holden and Opel (Flesher et al., 2014). General Motors is a manufacturing company specialising in cars, trucks, automobile parts. GM has more than 205,000 employees in 157 countries and is headquartered in Detroit, the USA. It has five different …show more content…
It refers that organisations need to satisfy its stakeholders ' needs and create a value for them. Organisation should maximise its stakeholders profit but above all, it should improve itself and consider all surroundings. Stakeholders aim to have high profit but profit is not only the one aim to reach for them. 3.1 Stakeholder Analysis In this section, I will focus on stakeholder analysis of General Motors ignition switch scandal. General Motors cars caused more than 124 deaths because of Defective ignition switches. After this scandal, the company called 2.6 million vehicles back and faced tens of lawsuits (Titcomb, 2014). If ignition switch shuts off whilst driving the vehicle, it can cause "disabling the airbag, power steering and power breaks" and pose the risk for driver and passengers. The most important fact is that General Motors recognised the problem before the scandal appeared. (Isidore & Perez, 2015). The stakeholders of General Motors who influenced by ignition switch scandal are: - Board of directors: The CEO of General Motors, Mary Barra, was under pressure since the scandal appeared. She admits that the company couldn 't keep its promises to its consumers and couldn 't provide high safety (Muller, 2015). Depositions started on May 6 for GM executives, including Mary Barra and she fired 15 employees who are responsible for the problem in 2014 (Fletcher, 2014). - The business: The company has to pay 900 million
It says that you cannot look at any one of those stakes / stakeholders in isolation. Their interest has to go together, and a job of a manager or an entrepreneur is to figure out how the interest of customers, suppliers, communities, employees and financiers go in the same direction. Each of these groups is important for the business to be successful and if one of the groups is having problems to associate with the rest then it has a negative impact to all the rest.
General Motors Corporation (NYE: GM) is the leading American automaker in the world with its operations spanning in 157 countries. The car manufacturer was established in 1908 in Michigan and today it is headquartered in Detroit, the United States of America. Besides the domestic industry of the United States of America, General Motors manufactures cars and trucks in other 30 countries around the world. Among its brand products are Cadillac, Buick, Chevrolet, GMC, GM Daewoo, Hummer, Holden, Opel, Saab, Pontiac, Vauxhall, and Saturn. Besides these brands that are owned by the automaker, GMC also operates joint ventures in China and Japan. That is, Shanghai GM and SAIC-GM-Wuling
General Motors which is also known as GM. The main office is located in Detroit Michigan, but they have locations all over the globe. General Motors designs motor vehicles and also distributes vehicles, parts, and offers financial services. They make vehicles in over 37 countries under thirteen different brands which employees over 200,000 people. They lead in sales for over seventy years from 1931 to 2007, which is longer than any other automaker. This makes them the largest automaker by sales in the country.
Throughout the hearing, CEO Mary Barra states that the mistakes of the “old GM (pre-bankruptcy)” are not the fault of the “new GM (post-bankruptcy)”, she pledges to fix the situation, starting with the new position of Vice President
General Motors Corporation (General Motors or GM) was incorporated on August 11, 2009. Also known as GM, the company designs, builds and sells cars, trucks and automobiles parts globally and headquartered in Detroit, Michigan. The company also provides automotive financing services through General Motors Financial Company, Inc. (GM Financial).
In its early years the automobile industry consisted of hundreds of firms, each producing a few models. William Durant, who bought and reorganized a failing Buick Motors in 1904, determined that if several automobile makers would unite, it would increase the protection for the group. He formed the General Motors Company in Flint, Michigan, in 1908.
General Motors Corp. (NYSE: GM), the world's largest automaker, has been the global industry sales leader for 76 years. General Motors was founded 1908, in Flint, Michigan and currently employs approximately 284,000 people around the world. GM's global headquarters is the Renaissance Center located in Detroit, Michigan, USA, They currently manufacture their cars and trucks in 35 different countries. Its European headquarters are based in Zurich, Switzerland, and its Holden headquarters are located in Melbourne, Victoria, Australia. In 2007, 9.37 million GM cars and trucks were produced globally under the following 12 brands: Buick, Cadillac, Chevrolet, GM Daewoo, GMC, Holden, Hummer, Opel, Pontiac, Saab, Saturn and
According to GM.com (2009) General Motors Corp. (NYSE: GM), is one of the world's largest automakers which was founded in 1908, in Detroit USA. It manufactures cars and trucks in 34 countries. GM employs 252,000 people in every major region of the world, and sells and services vehicles in some 140 countries. It sells cars and trucks globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Hummer, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling. Its largest national market is the United States, followed by China, Brazil, the United Kingdom, Canada, Russia and Germany. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services.
The amount of cash that Ford is carrying on its balance sheet is too much considering that additional money not used for the advancement of the company belongs to the owners of the firm, the shareholders. Having too much cash on its balance sheet will be a disincentive to Ford’s employees who consequently will feel not feel an urgency to perform and add value to the company. Notwithstanding the fact that the company is always on the lookout for acquisition targets even after already purchasing Jaguar Cars, Volvo Cars, and Land Rover in the past ten years, it is imperative that the company does not engage in such activities for the sole purpose of “empire
This incubation is the financial subsidiary of the General Motors Company through which the dealers of GM offers credits or lease financing, vehicle insurance and extended service contracts (10 K annual report, 2010 April 7, GM website) . GMAC (General Motors Auto Insurance) was the most financially strong subsidiary of the old GM Company. Yet, GMAC is not wholly owned by GM since 2006. GMAC agreed with Chrysler to provide auto finance services for the Chrysler dealers in 2009, which made the company to leverage its core strength of auto financing. On the
Faced with an overwhelmingly complex situation, Alan Mulally has been brought in as Ford Motor Company's new president and CEO. As diverse global dynamics confront the company and competitive pressures continue to build, he has the challenging task of improving Ford's brand image and returning the company to profitability. Mulally has invited your consulting firm to advise his management team on restoring the company's reputation and viability. Assigned to the project, you have been asked to evaluate Ford's situation and prepare a report with the following content:
Over time, it’s how we will build GM into the world’s most valued automotive company.”
One of the world’s largest automakers, GMC has it’s roots traced back to 1908. Also known as GM, this company is a United States-based automaker with its headquarters in Detroit, Michigan. After the General Motors Company was founded, it soon became known as one of the largest car manufacturers in the world. In 1909, the Grabowsky Rapid Motor Vehicle Company (GMC) joined with GM. The trade name GMC Trucks was first exhibited in 1912 at the New York Auto Show and registered with the U.S. Patent Office eight months later. The
General Motors Company, one of the world’s largest automakers, estimated in 1908. With its global headquarters in Detroit, Michigan, USA.GM employs 209,000 people in every major region of the world and does business in more than 120 countries. GM and its strategic partners produce cars and trucks in 31 countries, and sell and service these vehicles through the following brands: Buick, Cadillac, Chevrolet, GMC, Daewoo, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling. (Elizabeth, GM, 2009). GM was the largest automaker for 77 consecutive years from 1931 through 2007. It is longer than any other company in the world. In 2008, it was surpassed by Toyota (Elizabeth, GM, 2009).
At that time General Motors only owned Buick, in 1909 Durant bought more and more brands such as Cadillac or Pontiac.