who owns general motors
Mary Barra, who owned a total of 520,608 shares of GM as of her most recent filing with the SEC on February 15th, 2018, is the company's largest individual shareholder. [251] The bodies were manufactured at an Adelaide-based family business, Holden's Motor Body Builders, which had built up its operations with the help of tariff protection and amicable relations with trade unions. in that year were at a similar level to sales in China. An existing GM facility at Brownstown Township was chosen to be upgraded as a battery pack plant. [citation needed], In November 2010, GM again became a public company via an initial public offering that was one of the world's top five largest IPOs to date. The General Motors plant in Pontiac was one of four in the area. [56] Though fuel cells have existed since the early 1800s, General Motors was the first to use a fuel cell, supplied by Union Carbide, to power the wheels of a vehicle with a budget of "millions of dollars". 7. The General Motors Company [2] ( GM) is an American multinational automotive manufacturing company headquartered in Detroit, Michigan, United States. Please try to keep recent events in historical perspective and add more content related to non-recent events. [310], General Motors has a close relationship with the Nature Conservancy and has fundraised for and donated cash and vehicles to the charity. While the UAW called for a sit-down strike in Flint, the police, armed with guns and tear gas, attempted to enter the Fisher Body 2 plant on January 11, 1937. [275], In 2010, General Motors ranked second worldwide with 8.5 million vehicles produced. It acquired the remaining 20% in 1931. This interest was sold to the Government of Uzbekistan in 2019. GM and Honda are leaders in fuel cell technology, ranking first and second, respectively, in total fuel cell patents filed between 2002 and 2012, with more than 1,200 between them according to the Clean Energy Patent Growth Index. This was the first time that GM produced a subcompact car in the United States since the Chevrolet Chevette ended production in 1986. [146][147][148], In late 2013, after losing approximately $18 billion over 12 years, GM began phasing out mainstream sales of Chevrolet in Europe and finished by late 2015 to focus on Opel/Vauxhall. In 2008, the deterioration of GM's business performance has become serious, and the remaining 3% stake will also be sold in 2008. [112][113] Liabilities were left with the original GM, renamed Motors Liquidation Company, freeing the companies of many liabilities and resulting in a new GM. Buyerlink handles the whole marketing process for businesses and allows them to manage their contacts and accounts through an easy to use dashboard. Add alert for GM Ticker: GM CUSIP Number: 37045v100 Tip: Access positions for across all investors Analyze quarterly positions in General Motors Company with up to 7 years of data, all consolidated into one spreadsheet [130] The Chevrolet Volt was a plug-in hybrid electric vehicle with back-up generators powered by gasoline (range-extended electric vehicle). [201], In January 2022, General Motors announced plans to invest $7 billion to convert a plant in Michigan to produce electric cars and build a new battery plant. [194], In 2021, GM announced plans to establish an automotive battery and battery pack laboratory in Michigan. [31] Evidence shows that corporate executives understood the health implications of tetraethyllead from the beginning. GM continues to manufacture cars for the export market from its Talegaon Dhamdhere, Maharashtra plant, which has a capacity of 160,000 units annually. Chrysler dates back to 1925, founded by Walter Chrysler, and it is still referred to as part of the Big Three or Detroit Three, referring to General Motors, Ford, and Chrysler. [44], In 1939, the company founded Motors Insurance Corporation and entered the vehicle insurance market. In Flint, police attempted to enter the plant to arrest strikers, leading to violence; in other cities, the plants were shuttered peacefully. Cadillac was named after Antoine de la Mothe Cadillac, the man who founded Detroit, and the Cadillac crest is his . [235], GM withdrew the Chevrolet brand from Indonesia in March 2020. [3] By sales, it was the largest automaker in the United States in 2022, and was the largest in the world for 77 years before losing the top spot to Toyota in 2008.[4][5]. [112][113] On July 10, 2009, the original General Motors sold assets and some subsidiaries to an entirely new company, including the trademark "General Motors". In 1911, Charles F. Kettering of Dayton Engineering Laboratories Company (DELCO) and Henry M. Leland invented and patented the first electric starter in America. The relationship between General Motors and Subaru became a very beneficial one, resulting in collaboration to pioneer the Baja and Tribeca vehicle models. Official", "GM fought safety, emissions rules, but then invented ways to comply", "G.M. [117], In June 2009, at the request of Steven Rattner, lead adviser to President Barack Obama on the Presidential Task Force on the Auto Industry, Edward Whitacre Jr., who had led a restructuring of AT&T was named chairman of the company. Since 1983, GM and Al-Monsour Automotive have owned General Motors Egypt, which is currently the only manufacturer of traditional GM branded vehicles in Egypt. History of General Motors Nader's lawsuit against GM was ultimately decided by the New York Court of Appeals, whose opinion in the case expanded tort law to cover "overzealous surveillance". [32] As an engineer for GM, Midgley also developed chlorofluorocarbons, which have now been banned due to their contribution to climate change. to Take a Stake in Peugeot", "General Motors sells stake in PSA Peugeot Citroen", "GM, Honda to Collaborate on Next-Generation Fuel Cell Technologies", "GM and Honda to collaborate on making next-generation fuel cell tech", "Honda and GM Announce Collaboration on Hydrogen Fuel-Cell Technology", "GM to drop Chevy brand in Europe to focus on Opel", "GM Strengthens its European Brand Strategy", "Dan Akerson to Retire as GM CEO in January 2014", "Shell of Old G.M. [238], In 2018, the company approached the Korea Development Bank to participate in a $2.7 billion debt swap issued by its Korean subsidiary. [10] GM offers more flexible-fuel vehicles, which can operate on either E85 ethanol fuel or gasoline, or any blend of both, than any other automaker. [16] The action of the bankers was partially influenced by the Panic of 19101911 that followed the earlier enforcement of the Sherman Antitrust Act of 1890. $1,000,000 Airplane Contract", "General Motors' Diesel History - Baselines", "General Motors Once Built Locomotives Really Good Ones", "Packard Electric Sold; Shareholders Ratify Deal With General Motors by Stock Trade", "Planes, trains were also part of GM's grand plan", "ASTM A255-10: Standard Test Methods for Determining Hardenability of Steel", "Selling the First Successful Automatic Transmission: GM's Hydra-Matic", "Oldsmobile's Hydra-Matic, first mass-produced fully automatic transmission, turns 75", "The Nazi Party: General Motors & the Third Reich", "Ford and GM Scrutinized for Alleged Nazi Collaboration", "General Motors Moves to Enter Field of Off-Road Heavy Trucks; Offers an Exchange of Stock to the Holders of Shares of Euclid Machinery Co", "The Tangled Web of Euclid and Terex Truck History", "Sloan, 80, Retires as G.M. This partnership also culminated in the development of the Chevrolet Borrego in 2002 that merged the best aspects of a truck and a coupe. The president urged GM to distinguish a union so the plants could re-open. General Motors operates manufacturing plants in eight countries. [120], In 2010, GM acquired Americredit, a subprime lender, for $3.5 billion, which was merged into GM Financial. [280], Annual worldwide sales volume reached 10 million vehicles in 2016. [96] Later that year, GM sold its Electro-Motive Diesel locomotive division to private equity firms Berkshire Partners and Greenbriar Equity Group. [135], In October 2011, GM introduced the Chevrolet Spark EV, an all-electric car version of the third generation Chevrolet Spark, the first all-electric passenger car marketed by General Motors in the U.S. since the General Motors EV1 was discontinued in 1999. After Earl retired in December 1958, Mitchell took over automotive design for GM. [122], In 2010, the company shut down Hummer and Saturn Corporation after failing to find a buyer for the brands. The recall involved about 2.6 million GM cars worldwide. Buick is strong in China from its early introduction by the Canadian Buick sold to the last Emperor of China, later being led by the Buick Regal 1990 subcompact. [16] The same year, GM acquired 80% of Opel, which at that time had a 37.5% market share in Europe, for $26 million. [123][124], In May 2010, the company repaid a $6.7billion loan from the government ahead of schedule. [184] Following fraud allegations from short-seller[citation needed] Hindenburg Research concerning the mechanical capabilities of the Badger pickup truck along with separate sexual misconduct allegations involving former CEO Trevor Milton, GM scaled back its investment with Nikola via a smaller revised deal. To Expand Operations. iMotors.com is a division of Buyerlink, a marketplace that allows local businesses to get in touch with individuals seeking information all in real-time. GM was compensated $32 million by the U.S. government because its German factories were bombed by U.S. forces during the war. [71] This magnet is commonly used in products like a computer hard disk. [34], In the late-1920s, Charles Kettering embarked on a program to develop a lightweight two-stroke diesel engine for possible usage in automobiles. [158][159], In October 2016, GM began production of the Chevrolet Bolt EV, the first ever mass market all-electric car with a range of more than 200 miles (320km). News Charts Forecasts Financials Shareholders Competitors Insider trading | Institutional ownership Institutional investors purchased a net $16.5 million shares of GM during the quarter ended June. Strobe's prototypes produce brief "chirps" of frequency-modulated (FM) laser light, where the frequency within each chirp varies linearly. Let's read about Who Owns General Motors. [43] GM established Detroit Diesel the next year. Charlene Rhinehart Fact checked by Kirsten Rohrs Schmitt General Motors Company ( GM) is the quintessential American company. GM has a long history in Egypt which began in the 1920s with the assembly of cars and light pickup trucks for the local market. "All expressed keen interest in Thailand's policy to develop . [151], The 2014 General Motors recall, which was due to faulty ignition switches, and was linked to at least 124 deaths, was estimated to cost the company $1.5 billion. This forced UAW members to keep the names of new members secret and meeting workers at their homes. [222], GM also had a capital tie-up with Suzuki Motor Corporation from 1981 to 2008, and Suzuki has been a procurement source to GM. [208][209], In October 2022, the company announced the creation of GM Energy, a unit that would provide battery packs, EV chargers, and software to help residential and business customers to help with charging and electrical grid disruptions. [105], In 2008, General Motors committed to engineering half of its manufacturing plants to be landfill-free by recycling or reusing waste in the manufacturing process. In the mid of the 1950s, GM withdrew from the Egyptian market. [339] The total cost of the recall was estimated to be $1.5 billion. [164][165], On April 20, 2017, the Government of Venezuela seized the General Motors Venezolana plant in Valencia, Carabobo. Does China own 49% of GM? [193], On January 28, 2021, GM announced that it will end production and sales of fossil-fuel vehicles (including hybrids and plug-in hybrids) by 2035 as part of its plan to reach carbon neutrality by 2040. Since, being top shareholders, these individuals "own" significant chunks of the company, let's look at them each in-depth. Because of the economic downturn of 2008, GM took out a multi-billion dollar loan to remain afloat. The older Halol, Gujarat plant, with a capacity of 50,000 units, stopped production on April 28, 2017, and was sold to MG Motor India. 9. Governor Murphy sent in the U.S. National Guard not to evict the strikers but rather to protect them from the police and corporate strike-breakers. [citation needed], In January 2010, GM sold Saab Automobile to Dutch automaker Spyker Cars. Net Insider Buy/Sell (L12M) Ownership Be the first to know when GM insiders and whales buy or sell their stock. [252] During the Great Depression, Holden's Motor Body Builders collapsed, which allowed General Motors to acquire Holden, becoming General Motors-Holden in 1931. Aside from getting an idea of from whom and where a given brand's products come from, it's important to know who the industry's "corporate cousins" are because related nameplates often share. [226] GM raised its stake in Suzuki Motor Corp. to 20%. [11], The company traces itself to a holding company for Buick established on September 16, 1908, by William C. Durant, the largest seller of horse-drawn vehicles at the time. [182][183], In September 2020, GM announced a partnership with Nikola Corporation to engineer and manufacture the Nikola Badger, and GM made an equity investment in Nikola. [111], General Motors filed for a government-backed Chapter 11 reorganization on June 8, 2009. However, the strike ended with the dissatisfaction of Walter Reuther and the UAW, and the workers received only a 17.5-percent increase in wages. [337], In May 2014, the National Highway Traffic Safety Administration fined the company $35 million for failing to recall cars with faulty ignition switches for a decade, despite knowing there was a problem with the switches. [22] Chevrolet Motor Company was consolidated into GM on May 2, 1918, and the same year GM acquired United Motors, a parts supplier founded by Durant and headed by Alfred P. Sloan for $45 million, and the McLaughlin Motor Car Company, founded by R. S. McLaughlin, became General Motors of Canada Limited. In 1949, the company opened its own assembly plant and operated under the name Niger/Nigeria Motors. Will Pay $2 Billion to Sever Ties to Fiat", "GM To Remove Its Mark from Vehicles To Emphasize Brand", "General Motors to remove its 'Mark of Excellence' logos from new cars Drive On: A conversation about the cars and trucks we drive", "GM Design boss Ed Welburn retiring July 1", "General Motors Design Chief Ed Welburn Retiring after 44 Years", "2006 Saturn Vue Green Line: Going Green: Saturn Debuts GM's Newest Hybrid", "GM Surpasses Landfill-Free Facilities Commitment", "GM Europe puts solar roof on Spanish plant", "GM installs the world's biggest rooftop solar panels", "Government Assistance for GMAC/Ally Financial: Unwinding the Government Stake", "Factbox General Motors Bankruptcy Filing Law", "G.M. Sales in China 71 ] this magnet is commonly used in products like a computer disk! Not to evict the strikers but rather to protect them from the of... 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