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
- May 08 2008
- $11.9B
Latest News and Analysis
Kerkorian Launches Tender Offer For Ford Shares
By David Bailey DETROIT (Reuters UK) - Billionaire investor Kirk Kerkorian on Friday launched a planned tender offer to add to a Ford (F) stake he called an "attractive investment," and not one he acquired to influence the automaker. Just how passive the long-time activist investor...
GM Offers $200 Million in Bid to End Axle Strike
By Kevin Krolicki and Soyoung Kim DETROIT (Reuters) - General Motors Corp (GM) on Thursday has offered American Axle & Manufacturing Holdings (AXL) $200 million in a bid to clinch a speedy resolution of a strike against a key supplier that has run...
Ford Tells Shareholders Turnaround Gaining Traction
By David Bailey WILMINGTON, Delaware (Reuters) - Ford Motor Co's (F) turnaround has moved quicker than expected, Executive Chairman Bill Ford Jr. told shareholders at the automaker's annual meeting on Thursday, giving unqualified praise to Chief Executive Alan Mulally's leadership. The...
Fitch Says GM and Ford Face Heavy Cash Drains This Year
DETROIT (Reuters) - General Motors Corp (GM) and Ford Motor Co (F) will continue to face heavy cash drains in 2008 and are expected to burn cash through 2009 unless industry sales rebound, Fitch Ratings said on Wednesday. GM, which lost a combined...
ArvinMeritor to Split Off Car Unit
By David Bailey DETROIT (Reuters) - ArvinMeritor Inc (ARM) said on Tuesday it plans to spin off its automotive parts business from its larger trucking group in a move it hopes will improve the focus of each unit, sending its shares up 6...
UAW Strikes GM Kansas Plant Making Chevy Malibu
By Kevin Krolicki and David Bailey DETROIT (Reuters) - General Motors Corp (GM) union workers at a Kansas assembly plant making the hot-selling Chevrolet Malibu went on strike Monday morning, the automaker and the union said. The plant in Fairfax, Kansas, employs about...
Audi to Offer Electric Cars in 5-10 Years: Report
FRANKFURT (Reuters) - Audi, the luxury unit of Volkswagen (VOWG), sees great opportunities in electric cars and will offer automobiles with no exhaust emissions within ten years, its top executive told a German weekly. Rupert Stadler told Welt am Sonntag in an interview...
April Auto Sales Plunge 14 Percent
By David Bailey DETROIT (Reuters) - U.S. auto sales fell 14 percent to their lowest annual rate in a decade in April as weak consumer confidence and rising gas prices hit the industry's most profitable vehicles hardest. General Motors Corp, Ford Motor Co...
GM U.S. Sales Down 22.7 Pct
DETROIT (Reuters) - General Motors Corp (GM) on Thursday reported a 22.7 percent fall in April U.S. auto sales on an adjusted basis, led by a 32 percent decline in truck sales. GM's overall sales fell to 260,922 vehicles in April from 311,687...
Nissan's Ghosn Sees U.S. Market Stabilizing in 2009-10
CASCAIS, Portugal (Reuters) - Nissan Motor Co Chief Executive Carlos Ghosn said on Thursday that the U.S. auto market could stabilize in 2009-2010, but the industry would rely mostly on emerging markets to expand. "Japan at best will see stagnation, West Europe...
Growth Surprises But Consumers Stressed
By Glenn Somerville WASHINGTON (Reuters) - A buildup in inventories kept the U.S. economy afloat in the first quarter despite the weakest consumer spending since 2001 and reduced business investment, a government report on Wednesday showed. Gross domestic product grew at a 0.6...
GM Posts $3 Billion Loss
By Kevin Krolicki and David Bailey DETROIT (Reuters) - General Motors Corp (GM) posted a narrower-than-expected quarterly loss on Wednesday as sales gains in Asia and Latin America overshadowed a slump in the U.S. market, sending its shares up 13 percent. The No....
GM Posts Quarterly Loss on Strike, Charges
By Kevin Krolicki and David Bailey DETROIT (Reuters) - General Motors Corp (GM) on Wednesday posted a first-quarter loss due to a costly supplier strike, waning demand for its most profitable vehicles and charges related to struggling former subsidiaries. GM, whose shares rose...
Countrywide, GMAC Post Big Losses on Mortgages
By Jonathan Stempel NEW YORK (Reuters) - Countrywide Financial Corp (CFC) and GMAC LLC, which run the largest independent U.S. mortgage lenders, posted big first-quarter losses on Tuesday, hurt by credit problems as the nation's housing slump deepens. Lenders are writing down mortgages...
GMAC Posts Loss on Mortgage Woes
By Jonathan Stempel NEW YORK (Reuters) - Finance company GMAC said on Tuesday its first-quarter loss nearly doubled as more customers fell behind on mortgage payments, and warned that it might not be profitable until well into 2009, later than expected. The loss...
GM to Cut Truck Production and Negotiate Union Layoffs
DETROIT (Reuters) - General Motors Corp (GM) on Monday said it would cut planned truck production at four North American plants in the coming quarter because of weaker demand for its full-size pickup trucks and sport utility vehicles. GM said it would cut...
GM CEO's Compensation Jumps 64 Percent in 2007
By David Bailey DETROIT (Reuters) - General Motors Corp (GM) Chief Executive Rick Wagoner's salary and other compensation rose 64 percent in 2007 to about $15.7 million, mainly due to option grants, according to a proxy filed on Friday. The GM compensation committee...
American Axle Posts Quarterly Loss Amid UAW Strike
By Soyoung Kim DETROIT (Reuters) - Auto parts supplier American Axle & Manufacturing Holdings Inc (AXL) posted a bigger-than- expected quarterly loss on Friday, hit by a strike at five U.S. plants, and it repeated threats to close the factories unless ...
Strike Deadline at Two GM Plants Extended
DETROIT (Reuters) - The United Auto Workers on Friday delayed going on strike at a General Motors Corp (GM) assembly plant in Fairfax, Kansas, that builds the hot-selling Malibu sedan as well as a stamping plant in Michigan. A GM spokesman said UAW...
American Axle Posts Quarterly Loss Amid UAW Strike
By Soyoung Kim DETROIT (Reuters) - American Axle & Manufacturing Holdings Inc (AXL) posted a bigger-than-expected quarterly loss on Friday, hit by a strike at five U.S. plants, and it repeated threats to close the factories unless workers accept steep wage ...
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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. E. Neville Isdell
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
Ms. Karen Katen
Contact Information
300 Renaissance Center
P.O. Box 300
Detroit, MI
313 556-5000
NAICS Code
Automobile Manufacturing: 336111
