History General Motors Short
General Motors Corporationwas founded in 1908 by William Durant and co-founder Charles Mott. General Motors Corporation (GM) is located in Detroit, Michigan. The company employs 202,000 people around the world. GM is a publicly traded company listed on the New York Stock Exchange symbol GM. This organization has operations in 157 countries. GM sells cars, trucks and sport utility vehicles. In 2011, GM total sales revenue reached $150.276 billion and net income was $7.585 billion. Here is a closer look at the GM product lines.
The Buick division sellsGeneral Motors luxury cars. This product line is named after David Buick and it has been in production since 1899. Today, the Buick product line contains the Enclave, Verano, Encore, Regal and Lacrosse automobiles. In 2010, this product line was growing at a very fast and became popular among young drivers.
GM’s Chevrolet divisionhas been around for more than 100 years. It was founded by Louise Chevrolet and William Durant in 1911. Chevy sells subcompact vehicles, medium commercial trucks, and small trucks. This product line is often known for its commercials “Solid like a Rock.” According to a GM Press Release dated, January 20, 2012, Chevrolet sold 4.76 million cars world wide breaking a global sales record.
Headquarted in Warren, Michigan is theGM Cadillac division. This division was founded by Henry Ford and Henry Leland in 1902. Henry Leland named the company after a French explorer named Antoine Laumet de La Mothe, sieur de Cadillac that founded the city of Detroit. In 2012, Cadillac sold 149,782 cars in the United States. Cadillac is also known for its introduction of the V8 engine. Take alook at the Cadillac cars.
The GMC automotive division was founded by William Durant. GMC sells trucks, vans, buses, crossovers, and sport utility vehicles. GMC is primarily know for manufacturing the Yukon, Tahoe, Blazer, Jimmy, Sierra, and Silverado products. These vehicles are very popular among men that work in the construction industry.Review the GMC brandsto see what is on the market today.
Finally, this organization was started by men that had a passion for selling and building automobiles. Then, the public became more informed about their products in 1920s. In the 1950s, the engineers produced better designs. By the 1980s, GM was selling cars globally. In the year 2000, the company was facing several economic challenges and now they are selling world-calls automobiles to the masses.
