General Motors Corporation
Stock Symbol: GM
300 Renaissance Center
General Motors Corporation Industry:
Auto & Truck Manufacturers
General Motors Corporation Description:
General Motors Corp. the world's largest vehicle manufacturer, employs about 325,000 people globally. Founded in 1908, GM has been the global automotive sales leader since 1931. GM today has manufacturing operations in 32 countries and its vehicles are sold in 192 countries. In 2003, GM sold nearly 8.6 million cars and trucks, about 15 percent of the global vehicle market. GM's global headquarters are at the GM Renaissance Center in Detroit.
General Motors Corporation Financial Summary:
For the nine months ended 30 September 2005, General Motors Corporation's revenues fell less than 1% to $141.47B. Net loss totaled $3.8B vs. an income of $2.9B. Revenues reflect lower sales from GM- North America. Net loss also reflect lower production volumes, continued increase in healthcare costs, higher materials costs and increased reserves for insurance losses related to Hurricane Katrina.
General Motors Corporation Business Summary:
General Motors Corporation (GM) has two core businesses: Automotive and Other Operations (Auto and Other), and Financing and Insurance Operations (FIO). GM's Auto and Other segment consists of GM's four automotive regions: GM North America, GM Europe, GM Latin America/Africa/Mid-East, and GM Asia Pacific, which constitute GM Automotive, and Other, which primarily includes the design, manufacturing and marketing of locomotives. GM offers vehicles under the following nameplates: Chevrolet, Pontiac, GMC, Oldsmobile, Buick, Cadillac, Saturn, HUMMER, Opel, Vauxhall, Holden and Saab. GM's FIO operating segment primarily relates to General Motors Acceptance Corporation (GMAC). GMAC provides a range of financial services, including consumer vehicle financing, automotive dealership and other commercial financing, residential and commercial mortgage services, automobile service contracts, personal automobile insurance coverage and selected commercial insurance coverage.