GM
General Motors Company, often known as simply GM, is a United States based automaker with headquarters in Detroit, Michigan. GM is the world's 18th largest corporate entity and third largest automaker as ranked by 2008 revenues on the Fortune Global 500.[6] Ranked by global unit sales for 2008, it is the world's second largest automaker. GM manufactures cars and trucks in 34 countries, employs 244,500 people around the world, and sells and services vehicles in some 140 countries.
On July 10, 2009 GM emerged from a Chapter 11 bankruptcy reorganization and is now majority owned by the United States Treasury and Canadian governments.
While no GM shares are currently available to the public, the company plans an initial public stock offering (IPO) in 2010.
GM plans to focus its business on its four core US brands — Chevrolet, Cadillac, Buick, and GMC, although in Europe Opel/Vauxhall vehicles will remain in development and continue to be 35 percent owned by GM.
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