BNET Industries
General Motors Corp. (GM) is in the Auto Industry
- Revenue
- Dec 31 2007
- $181.1B
- Profit
- Dec 31 2007
- ($38.7B)
- Market Cap
- Jul 22 2008
- $8.1B
Latest News and Analysis
When Truckers Can't Afford Trucks What do They Buy?
Compete submits: It’s not any real news that full-size pickup trucks are taking a beating in today’s economy. With gas prices over $4 per gallon and the housing market still in a funk, pickup sales are getting worse with each passing month. Here at Compete we’ve been studying the...
General Motors Corporation. Q2 2008 Global Sales Call Transcript
General Motors Corporation. GM Q2 2008 Global Sales Conference Call
GM Trails Toyota in First-half 2008 Global Sales
By Poornima Gupta DETROIT (Reuters UK) - General Motors GM trailed Japanese rival Toyota in global vehicle sales decisively through the second quarter and first half of the year, hurt by a large decline in North America. The Detroit-based automaker said on Wednesday that vehicle...
GM Trails Toyota in First-half 2008 Global Sales
By Poornima Gupta DETROIT (Reuters) - General Motors Corp GM trailed Japanese rival Toyota Motor Corp in global vehicle sales decisively through the second quarter and first half of the year, hurt by a large decline in North America. The Detroit-based automaker...
Auto Ad Spending Up, But Only in Digital
eMarketer has a new report out today, showing that auto ad spend, while declining overall, is up for digital. From the report: Automakers have traditionally been the biggest advertisers in the country. General Motors is the fourth-largest advertiser in the US, and the company spent $535 million in Q1...
Ford Extends Buyout Offers to More Hourly Workers
RICHMOND, Ind (Reuters) - Ford Motor Co F will extend buyout offers to hourly workers at more than a dozen plants in Michigan and Ohio next week as it looks to trim its workforce to match a declining U.S. market share. Ford, which...
What the Newspaper Industry Could Learn About Do or Die Innovation From GM
As newspaper companies lose billions in market capitalization and innovation-minded journalists battle newsroom “curmudgeons” shell-shocked by the rapid pace of change amid increasingly dire economic realities, a lesson in burn-the-rule-book transformation might come from an unexpected source: General Motors GM. That’s right, the once-dominate car maker, which missed every trend...
Crazy Dividends
Hickey and Walters Bespoke submit: At the market's recent low on July 15th, there were numerous stocks with astronomical indicated dividend yields. With the gains in Financials and the overall market since then, however, these estimated yields have dropped significantly although many remain high. Below we highlight the...
A 'Buy the Loser' Rally
Hickey and Walters Bespoke submit: If you didn't own the dregs of the S&P 500 going into the rally that started last Wednesday, chances are you have underperformed over the last few days. We broke the S&P 500 into deciles (50 stocks in each decile) based on stock...
The US Auto Crisis
Gino Lattarulo submits: American auto manufacturers are in a world of hurt. I am talking about a beating of epic proportions. Is this the result of a sluggish economy and awful fuel prices? Well, yes of course it is; but only to a point. Let's face it, American manufacturers...
GM Cuts: Time to Panic? Depends Who You Ask
GM Cuts: Time to Panic? Depends Who You AskCEO SalaryLets hope that 20% cut in white collar salaries includes the million + salary of Mr Wagoner. Yeah, I'll keep my exorbitant salary, yet cut those healthcare benefits and jobs. How are we supposed to trust what this guy...
Selling the Short Sellers Short: Another Sign of Trouble
Marc Courtenay submits: You always know real trouble is brewing when the government starts scapegoating short sellers. The SEC went so far this week as to make it nearly impossible for small traders to short any of the big financial stocks. Explaining the new aversion to betting on...
General Motors Cuts Its Ad Budget
One of the common bright spots in the world of online advertising has been General Motors' pledge that it would move its half of its $3 billion in advertising over to online. So news that it would cut its advertising budget by an undisclosed amount will no doubt send tremors...
GM Slashes Benefits: One Bad Decision After Another
Bill Cara submits: The GM GM story is, in my eyes, pathetic. How this company can unilaterally cut the pension benefits of its retirees is beyond me. How are retirees, some quite elderly, ever going to afford healthcare premiums on their own now? This man Rick Wagoner, once again,...
GM Cuts: Time to Panic? Depends Who You Ask
General Motors might not quite fit my earlier definition of "desperate," but they're doing a good imitation. One editor pointed out that GM is sharing plenty of detail about the Chevy Volt, which is still a few years off. Spilling the beans on future product was one of my criteria...
GM Slashes Costs: Implications for Satellite Radio
Tyler Savery submits: GM GM announced that they are taking measures to cut costs. GM is not alone. Cash strapped OEMs are suffering from slower vehicle sales, and many are caught with a large supply of gas hungry models that consumers are hesitant to buy with current gas prices....
15 Notes on the Current Market Stress
David Merkel submits: 1) Going back to one of my themes, be wary of companies that sell their best assets to bail out their worst assets. Tonight’s poster child is GM. How to get cash? Borrow against the remainder of GMAC, foreign subsidiaries most promising part of the corporation,...
GM Goes Lean to Stay Ahead of Toyota
Money Morning submits: By Jennifer Yousfi General Motors Corp. GM Tuesday announced a series of cost-saving measures aimed at fighting waning domestic sales fueled by a weak U.S. economy and the soaring cost of fuel. by Money Morning
Toyota to Cut 2008 Global Sales Goal 3.6 Pct: Media
By Chang-Ran Kim, Asia Autos Correspondent TOKYO (Reuters) - Toyota Motor Corp will cut its global sales target for calendar 2008 by 3.6 percent to around 9.5 million vehicles to reflect a sharp slowdown in the United States, Japanese public broadcaster NHK...
Gold Slips From 4-month High
By Lewa Pardomuan SINGAPORE (Reuters UK) - Gold dropped on Wednesday as speculators booked profits after the metal rose to a four-month high the previous day, while platinum fell 2 percent on fears of weakening demand for autocatalysts. Jittery stock markets, worried about the future of...
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- Incorporated: 1916
- CEO: Mr. G. Richard Wagoner Jr.
General Motors is primarily engaged in the worldwide development, production and marketing of cars, trucks and parts. Co. develops, manufactures and markets its vehicles worldwide through its four automotive regions: GM North America, GM Europe, GM Latin America/Africa/Mid-East and GM Asia Pacific. Co.'s total worldwide car and truck deliveries were 9.4 million as of Dec 31 2007. In addition, Co. also sells cars and trucks to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. As of Dec 31 2007, Co. operated through two businesses, consisting of Automotive as well as Financing and Insurance Operations.
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General Motors Corp. Company Info
Board of Directors
Mr. G. Richard Wagoner Jr.
Chairman
Mr. Kent Kresa
Ms. Ellen J. Kullman
Mr. Philip A. Laskawy
Ms. Kathryn V. Marinello
Mr. Eckhard Pfeiffer
Mr. Percy N. Barnevik
Mr. Erskine B. Bowles
Mr. John H. Bryan
Mr. Armando M. Codina
Mr. Erroll B. Davis Jr.
Mr. George M. C. Fisher
Mr. E. Neville Isdell
Ms. Karen Katen
Contact Information
300 Renaissance Center
P.O. Box 300
Detroit, MI
313 556-5000
NAICS Code
Automobile Manufacturing: 336111Brought to you by IBMSponsored Resources
