General Motors has played a major role in the global auto industry for over 100 years and as the number of car companies in the world today continues to shrink one of the biggest has had its share of up and downs.
General Motors was the leading global vehicle seller for 77 uninterrupted years starting in 1931 until it was overtaken by Toyota in 2007. Today GM is currently among the top 5 largest automakers by vehicle unit sales.
GM is active in most countries outside the U.S. by using wholly owned subsidiaries or operating through joint ventures. GM's is also involved with OnStar a subsidiary company providing vehicle safety, security and information services.
In 2009, GM ditched several of its brands, including Saturn, Pontiac, and Hummer, and then emerged from a US Government backed bankruptcy.
In 2010, the reorganized GM made an initial public share offering that was one of the world's largest and returned to profit later in the same year.
In March 2016, General Motors purchased Cruise Automation, a San Francisco self-driving vehicle start-up company to develop self-driving cars that could be used in ride-sharing fleets.
GM currently produces thirteen different vehicles brands in 37 different countries:
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General Motors also holds a 20% stake in the Industries Mécaniques Maghrébines S.A. (IMM) they are a Tunisian car manufacturer headquartered in the city of Kairouan. It also holds a 77% stake in GM Korea.
There are a number of joint ventures that GM is involved with, including Shanghai GM, SAIC-GM-Wuling and FAW-GM in China, GM-AvtoVAZ in Russia, Ghandhara Industries in Pakistan, GM Uzbekistan, General Motors India, General Motors Egypt, and Isuzu Truck South Africa.
GM employs a total of 212,000 people and does business and sells cars in more than 120 countries. It has divided itself up into five different business divisions:
1. GM North America (GMNA)
2. Opel Group
3. GM International Operations (GMIO)
4. GM South America (GMSA)
5. GM Financial
As part of its bankruptcy issue it experienced in 2009 there was a restructuring and the current company, General Motors Company LLC, ("the new GM"), was formed in late 2009. This followed after the new company purchased the majority of the assets from the "old GM", including the name "General Motors".