Background: General Motors (GM) is a major US-based automotive company based in Detroit founded on September 16, 1908 by William C. Durant and Charles Stewart Mott. It is one of the largest automotive manufacturers and vehicle parts in the world. Both US and International companies like Ford, Chrysler, Toyota, Volvo, and BMW are the major competitors for General Motors (Wikipedia). General Motors led global vehicle sales for 77 consecutive years from 1931 through 2007, longer than any other automaker
Facts: General Motors (GM) recalled about 3 million worldwide of their small cars due to faulty ignition switches, which shuts off the engine while driving, thus preventing the airbags from inflating in case of an accident. General Motors paid compensation for 124 deaths, this fault had been know to GM for at least a decade prior to the recall being declared. Since GM is a big automobile manufacturer, the party directly affected would involve mainly consumers who purchased vehicles from a GM dealer
General Motors (GM) is a global company in the automotive industry operating in 59 countries. GM currently owns the Chevrolet, Buick, GMC and Cadillac brands, but it owned others such as Pontiac, Saturn and Hummer is previous years. The automobile company is well known for its customer relationships and quality. Over the past few years, they have built a strong message for caring about their customers “for as long as they own the vehicle.” In 2009, GM stock shares fell below $1.00, leaving investors
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
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
The GM Foundation The General Motors (GM) Foundation was fashioned in 1976 with a purpose to support and strengthen communities across the country. However in the past year GM has decided to take the foundation in a new direction renaming it GM Philanthropy and Corporate Giving but the transition will not take place until the end of calendar year 2016 (Cain, 2016). The foundation focuses on donating money to projects in the areas of sustainability, STEM education, safety, and to teamGM Cares which
Sorenson GM Company History General Motors (?GM? or ?the company?) has a rich history longer than a century starting with its corporate organization in 1908. Following its organization, GM acquired its first brand, Old Motor Works, which was followed in 1909 by the purchase of Cadillac for $5.5 million. Two years later, GM organized both General Motors Truck to handle sales of GM?s Rapid and Reliance products and General Motors Export Company to handle export sales out of the US. In 1918, GM purchased
The General Motors (GM) Foundation was fashioned in 1976 by its parent company, General Motors, with a purpose to support and strengthen communities across the country. However, in the past year GM has decided to take the foundation in a new direction renaming it GM Philanthropy and Corporate Giving with the transition taking place at the end of the 2016 calendar year (Cain, 2016). The foundation focuses on donating money to projects in the areas of sustainability, STEM education, safety, and to
1908 was the year William C. Durant founded the General Motors Company in the heart of Detroit, Michigan. Throughout the ups and downs of General Motors, they still prove to be one of the leading companies in automotive production. From the founding of GM in 1908 till present day; General Motors has made strong investments, and joint ventures regarding their company 's’ success. Much of GM’s early investments were to acquire the assistance of other companies, whether it be producing steering wheels
INTRODUCTION The following research paper is about how General Motors (GM) new leadership help bring the company out of bankruptcy and into profitability. This paper will explore the different styles of leadership of the various CEOs and Executives that contributed to the restructuring of the organization and brining GM back to profitability. Can different leadership styles affect a organizations revenue? BACKGROUND/ RESEARCH In 2009, GM filed for Chapter 11 bankruptcy and was actively seeking financial