Synopsis: General Motors (hereafter GM) Company‚ one of the world’s largest automakers‚ traces its roots back to 1908 and its annual revenue in 2000 of $185 billion. The company sells 8 million vehicles per years‚ 3.2 million of which are produced and market outside of its North America. GM caught 27 percent share of the North America and 9 percent share of the market in the rest of the world as well as GM captured 12 percent share in the Western Europe in 2000 which is second only to that of ford
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General Motors Analysis General Motors (GM) is a United States car manufacturer that was founded by William C. Durant in Flint‚ Michigan dating back to 1908. GM headquarters is located in Detroit‚ Michigan and is among one of the world’s largest automakers‚ conducting business in over one hundred and twenty countries with production facilities in thirty-seven of those. GM dominated the automaker industry for over seventy-seven years (1913-2007) through ownership of over twenty-five different companies
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General Motors Corporation Restructuring Plan for Long-Term Viability Submitted to Senate Banking Committee & House of Representatives Financial Services Committee December 2‚ 2008 TABLE OF CONTENTS Page 1. INTRODUCTION ...........................................................................................................4 2. BACKGROUND .............................................................................................................6 3. THE PROBLEM ..................
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INTRODUCTION According to GM.com (2009) General Motors Corp. (NYSE: GM)‚ is one of the world’s largest automakers which was founded in 1908‚ in Detroit USA. It manufactures cars and trucks in 34 countries. GM employs 252‚000 people in every major region of the world‚ and sells and services vehicles in some 140 countries. It sells cars and trucks globally under the following brands: Buick‚ Cadillac‚ Chevrolet‚ GMC‚ GM Daewoo‚ Holden‚ Hummer‚ Opel‚ Pontiac‚ Saab‚ Saturn‚ Vauxhall and Wuling. Its largest
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Topic: Evolution of a fortune 500 company & link the concept covered in theme 1 & 2 with the management evolution of the selected company Fortune 500 Rank 15 - General Motors “A car for every purse and purpose" – Alfred P Sloan Jr‚ Former President & CEO General Motors. General Motors‚ one of the world’s largest automakers‚ traces its roots back to 1908. With its global headquarters in Detroit‚ GM employs 205‚000 people in every major region of the world and does business in some 157
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International Operations North America GM World Headquarters in Detroit In North America‚ GM products focus primarily on its four core divisions – Chevrolet‚ Cadillac‚ Buick‚ and GMC. The White House characterized the GM restructuring as a shift toward a new leaner‚ greener GM‚ which will aim to break even with annual sales much lower than previously stated. President Obama declared that the restructuring "will mark the end of an old GM‚ and the beginning of a new GM; a new GM that can
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1. What are the advantages and disadvantages of General Motors’ strategy for operations? GM is now using Toyota’s strategy (partnerships and alliances) for operation in its newest factories‚ located in Argentina‚ Poland‚ and China. The advantages of GM’s strategy for operations are: i) Standardized plants helped cut production costs substantially and allow it to succeed in the world’s emerging markets. ii) Factories are designed with flexibility and efficiency so that each factory can be easily
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and industrial espionage. “Jose Ignacio Lopez de Arriortua was known as the "Grand Inquisitor" and "Super Lopez" during his tenure at General Motors‚ a wizard of cost reduction and streamlined production” (Vettraino‚ 2008). He is one of the most respected individuals in the automobile industry .Under the leadership of Jack Smith‚ the Chairman of General Motors‚ Lopez revolutionized GM in the area of cost-control. He is noted for striking hard bargains with suppliers and will push till he attained
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comparing data from 1993 and 1994 Very well researched General Motors - Financial Ratio Analysis I. General Motors History Highlights In its early years the automobile industry consisted of hundreds of firms‚ each producing a few models. William Durant‚ who bought and reorganized a failing Buick Motors in 1904‚ determined that if several automobile makers would unite‚ it would increase the protection for the group. He formed the General Motors Company in Flint‚ Michigan‚ in 1908. Durant had bought
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General Motors holds the award for the highest quality vehicle on the market today. General Motors is an American vehicle manufacturer. Based in Detroit‚ Michigan General Motors makes many vehicles per year in many styles‚ like pickups‚ cars‚ SUV’s and more. General Motors has many brands under the base company like Chevy‚ GMC‚ Buick‚ and Cadillac. General Motors is the best of the best because of the fact that General Motors is believed to be the best vehicle brand‚ Low Cost to Own‚ and High Towing
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