General Motors 50th Anniversary Show
General Motors Company (NYSE: GM, TSX: GMM.U), commonly known as GM (General Motors Corporation before 2009), is an American multinational automotive corporation headquartered in Detroit, Michigan, and among the world's largest automakers by vehicle unit sales, employing 202,000 people and doing business in some 157 countries. General Motors produces cars and trucks in 31 countries, and sells and services these vehicles through the following four regional segments, which are GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), and GM South America (GMSA), through which development, production, marketing and sales are organised in their respective world regions, plus as fifth segment GM Financial.
In total, General Motors currently owns 10 official automobile brands; Baojun, Buick, Cadillac, Chevrolet, GMC, Jiefang, Opel, Holden, Wuling, and Vauxhall.
GM acts in most countries outside the USA via direct subsidiaries, but in China through 10 joint ventures, among them Shanghai GM and SAIC-GM-Wuling Automobile. GM owns (per 31 December 2011) 77.0% of its joint venture in South Korea, GM Korea. GM's OnStar subsidiary provides vehicle safety, security and information services. First Automotive Works and General Motors formed a joint-venture called FAW-GM focusing on commercial vehicles in China.
In 2012 PSA Peugeot Citroen and General Motors formed an alliance, which involved General Motors acquiring seven percent of PSA Group.
In 2009, the company shed several brands, closing Saturn and Pontiac, and emerged from a government backed Chapter 11 reorganization. In 2010, GM made an initial public offering that was one of the world's top 5 largest IPOs to date. GM returned to profitability in 2010.
Read more about General Motors 50th Anniversary Show: Corporate Governance, World Presence, Motorsport, Research and Development, Small Car Sales, Environmental Initiatives, History, Brand Reorganization, Philanthropy, Logos
Famous quotes containing the words general, motors, anniversary and/or show:
“We all have known
Good critics, who have stamped out poet’s hopes;
Good statesmen, who pulled ruin on the state;
Good patriots, who, for a theory, risked a cause;
Good kings, who disembowelled for a tax;
Good Popes, who brought all good to jeopardy;
Good Christians, who sat still in easy-chairs;
And damned the general world for standing up.—
Now, may the good God pardon all good men!”
—Elizabeth Barrett Browning (1806–1861)
“When General Motors has to go to the bathroom ten times a day, the whole country’s ready to let go. You heard of that market crash in ‘29? I predicted that.... I was nursing a director of General Motors. Kidney ailment, they said; nerves, I said. Then I asked myself, “What’s General Motors got to be nervous about?” “Overproduction,” I says. “Collapse.””
—John Michael Hayes (b. 1919)
“The second day of July 1776, will be the most memorable epoch in the history of America. I am apt to believe that it will be celebrated by succeeding generations as the great anniversary festival. It ought to be commemorated, as the day of deliverance, by solemn acts of devotion to God Almighty. It ought to be solemnized with pomp and parade, with shows, games, sports, guns, bells, bonfires and illuminations, from one end of this continent to the other, from this time forward forever more”
—John Adams (1735–1826)
“Films and gramophone records, music, books and buildings show clearly how vigorously a man’s life and work go on after his “death,” whether we feel it or not, whether we are aware of the individual names or not.... There is no such thing as death according to our view!”
—Martin Bormann (1900–1945)