General Motors or shortly GM is the largest car manufacturing company in the United States and one of the biggest three automobile companies in the world. Its headquarters is situated in Detroit. more
The company was created in 1908 by Charles Stewart Mott, Frederic L. Smith and William C. Durant, an owner of the Buick brand. In 1909, Cadillac, Elmore, Pontiac, Oakland and several other companies became parts of the GM.
Since early 1930s, GM is the largest carmaker in the country. In 1980s, the company faced low sales for the first time in its history. In the end of the first decade of the 21st century, the financial situation of the GM deteriorated. In 2009, it went bankrupt. The US government provided the company with $30 billion and took 60% of shares. The same year, a new company, General Motors Company, was created and the old one, General Motors Corporation, changed its name to Motors Liquidation Company and was liquidated.
At the moment, GM Company produces cars under such brands: Alpheon, Chevrolet, Buick, GMC, Cadillac, Holden, HSV, Opel, Vauxhall, Wuling, Baojun, Jie Fang and UzDaewoo. It also owns 96% of its affiliate GM Korea. The production takes place in 35 countries around the world and its cars are sold in 192 countries worldwide.
GM plants are landfill-free and it means that they reuse or recycle the waste. The company has worked a lot at the alternative-technology vehicles. In 2004, it presented its first hybrid pickup. 2006 Saturn Vue Green Line became the first hybrid passenger car of the brand. GM also introduced GM Magic Bus hybrid. In addition, GM was the first company to release all-electric vehicle, Impact. The brand also developed several flexible-fuel models, which can drive on E85 ethanol fuel or gasoline.