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
- Nov 28 2008
- $3.1B
Latest News and Analysis
GM Board Reviews New Turnaround Plan For Bailout
By Kevin KrolickiDETROIT (Reuters) - The board of General Motors Corp GM met on Sunday to review a restructuring plan intended to cut costs and win support for up to $12 billion in emergency funding from the government, a person familiar with the deliberations said.Along with rivals Ford Motor Co...
GM Board Reviews New Turnaround Plan For Bailout
By Kevin KrolickiDETROIT (Reuters UK) - The board of General Motors Corp GM met on Sunday to review a restructuring plan intended to cut costs and win support for up to $12 billion (7.8 billion pounds) in emergency funding from the U.S. government, a person familiar with the deliberations said.Along...
Ford, GM, Chrysler Need to Narrow Bailout Debate
U.S. automakers need to recast the debate over an auto-industry bailout to what they see as the narrow issues at hand, like the credit crisis, and away from private jets. by Jim Henry
Ford, GM, Chrysler to Take Another Run at Bailout
A House of Representatives committee gave Ford, GM and Chrysler an extra weekend to get ready for hearings into a proposed bailout, which faces stiff opposition. by Jim Henry
Company Jets and Shamed CEOs
We all watched as members of Congress repeatedly berated the chief executives of General Motors, Ford and Chrysler for winging to Washington, D.C. on company jets and asking for a $25 billion handout. Sure, Congress made hay with the finest political grandstanding I've seen in years, but unfortunately, I don't think the CEOs understood...
Congress Spanks Ford, GM, Chrysler
Detroit 3 CEOs walked into a buzzsaw in Congressional hearings regarding a bailout for the U.S. auto industry. They've gone back to the drawing board for another try. by Jim Henry
Can GMAC Save GM?
GM and Chrysler aren't just two troubled auto companies. They are also linked by GMAC, a financial company which used to be wholly-owned by GM and which is now 51% owned by Cerberus, which also owns Chrysler. GMAC has now applied to become a bank holding company (it owns...
Aid for the Automakers? You Decide!
Robert Salomon submits: For those of you who have been following this blog, you know where I stand on the proposed aid package for US automakers see Preventing Moral Hazard in the Auto Industry for background. I am not opposed to aid for GM and Ford, provided that aid...
Ford, GM, Chrysler Ask Congress for Money, Not Advice
The Detroit 3 told Congress in effect that they had their turnaround plans right where they wanted them, until the credit crisis came along and spoiled everything. And by the way, they need a government bailout. Immediately. by Jim Henry
It's $25 Billion, Senator. I'll Be Waiting in My Gulfstream
Without $25 billion in federal bailouts, General Motors, Chrysler and Ford may go out of business with "catastrophic" results on the U.S. economy, GM CEO Rick Wagoner told Congress. Yet Wagoner, Ford's Alan Mulally and Chrysler's Robert Nardelli all flew to Washington to beg for bailouts on...
Automakers: Bailout Arguments, Pro and Con
Robert Salomon submits: For those of you who have been following this blog, you know where I stand on the proposed aid package for US automakers see Preventing Moral Hazard in the Auto Industry for background. I am not opposed to aid for General Motors GM and Ford F,...
How a Bankrupt GM Should Merge With Chrysler
Yesterday I sketched out a possible financial plan for how GM might be restructured within bankruptcy. Today, Andrew Ross Sorkin provides the other side of the coin -- the operational side of things. Which, in his plan, includes a merger with Chrysler: The merger...
General Motors Bailout: Consider Other Alternatives
John Addison submits: On September 24, Congress approved a $25 billion bailout for [[GM]], Ford F, and Chrysler. "It seemed like a lot when we first started pushing this," says Democratic Sen. Debbie Stabenow of Michigan, one of the bill's sponsors. "Suddenly, it seems so small." The three troubled automakers...
A Benevolent Cerberus, Coming to Chrysler's Aid?
Robert Salomon submits: Bloomberg is reporting that Cerberus has agreed to forego any profits on its Chrysler investment if the U.S. government were to provide aid to the ailing auto manufacturer see Cerberus would Cede Profit. I have been among those who have questioned the logic of...
Chrysler Urges Bailout But Washington Split
By Soyoung KimDETROIT (Reuters UK) - Goldman Sachs suspended its rating on General Motors Corp GM on Thursday and said the automaker needs at least $22 billion (14 billion pounds) in federal aid, while Chrysler CBS said it would be "very difficult to survive" without government support.But U.S. lawmakers remained...
Could Capital Injections Save the Auto Industry?
Robert Salomon submits: It looks almost certain that the U.S. Government will provide aid to the Big Three automakers, and as early as next week (see Frank’s Plan Gives Ford, GM, Chrysler $25 Billion). Although I am ordinarily opposed to government involvement in the private sector, I am willing...
House Speaker Seeks Auto Bailout Bill
By John Crawley and Donna SmithWASHINGTON (Reuters) - House of Representatives Speaker Nancy Pelosi sought legislation on Tuesday to bail out failing automakers, saying she was confident an emergency measure would be approved next week.Pelosi aims to amend the government's $700 billion corporate rescue law that now applies to banks...
Carmakers' Best Chance For Aid is With Congress
By John Crawley and Jeremy PelofskyWASHINGTON (Reuters) - The U.S. auto industry's best chance for $25 billion in immediate government help to survive a steep financial slide rests with Congress, which may have a brief window to act next week.The Bush administration has not dismissed outright the possibility of extending...
Hyundai Motor Stock Down on Trade Fears, Chrysler
By Cheon Jong-woo and Park Jung-younSEOUL (Reuters) - Shares in South Korea's Hyundai Motor fell on Monday as investors worried the United States may harden its stance on car trade and on talk, denied by Hyundai, that it may target parts of money-losing Chrysler.Hyundai, the country's 10th biggest company...
New Calls For U.S. Treasury to Help Carmakers
By John CrawleyWASHINGTON (Reuters UK) - There were fresh calls on Sunday for the Bush administration to help stalled U.S. automakers, but Democratic and Republican officials said taxpayers cannot repeatedly support business rescues.Republican Sen. Mel Martinez of Florida delivered important backing for those urging the Bush administration to use a...
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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: 336111
