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General Motors

General Motors

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Published by: pradumn on Dec 19, 2009
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09/28/2010

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COMPANY OVERVIEWGeneral Motors Company, also known as GM, is a United States based automaker withheadquarters in Detroit, Michigan. Revenue US$ 148.979 billion (2008)GM was the world's 18th largest corporate entity and third largest automaker as ranked by 2008revenues on the Fortune Global 500
 
Ranked by global unit sales for 2008, it was the world'ssecond largest automaker.GM manufactures cars and trucks in 34 countries, recently employed244,500 people around the world, and sells and services vehicles in some 140 countries.On June 1, 2009 General Motors filed for Chapter 11 bankruptcy proceedings from which itemerged on July 10, 2009 in a reorganization in which a new entity acquired the most valuableassets. GM is now majority owned by the United States Treasury and Canadiangovernments,with the US government investing a total of $57.6 billion under the Troubled AssetRelief Program.While no GM shares are currently available to the public, the company plans an initial publicstock offering (IPO) in 2010.GM plans to focus its business on its four core US brands Chevrolet, Cadillac, Buick,and GMC. In Europe, following a period of negotiation to sell a majority stake inits Opel and Vauxhall brands, GM decided to retain full ownership of these operations.GENERAL MOTORS INDIA
General Motors India
Private Ltd. (GM India) is a wholly-owned subsidiary of GeneralMotors Company that is engaged in the automobile business in India. The registered office of GM India is in Halol, near Vadodara, Gujarat. The company operates vehicle assembly plants inindustrial parks in Halol and Talagaon, near Pune, Maharastra, maintains a headquartersoperation in Gurgaon, Haryana and a large technical center in Bangalore.HistoryGeneral Motors began doing business in India in 1928, assembling Chevrolet cars, trucks and buses, but ceased its assembly operations in 1954. GM continued with tie-ups with HindustanMotor to build Bedford trucks, Vauxhall cars, Allison Transmissions and off-road equipment.In 1994 General Motors India was formed as a joint venture, owned 50 percent by HindustanMotors and 50 percent by General Motors, to produce and sell Opel branded vehicles. GM bought out the Hindustan Motors interest in 1999. GM India continued to produce Opel cars atthe Halol facility until 2003, when it started production of Chevrolet vehicles at that location.In 2000, GM India moved its headquarters to Gurgaon. In 2003, the company opened itstechnical center operations in Bangalore, which included research and development and vehicleengineering activities. The technical center operations were expanded to include purchasing and

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