Gm raises stake to 49 percent in 1998 and later sells it. General motors corporation, also known as gm or gmc, is the worlds second largest car manufacturer based on annual sales. General motors company, commonly referred to as general motors gm, is an american multinational corporation headquartered in detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters in detroits renaissance center. The history of general motors gm, one of the worlds largest car and truck manufacturers.
I found this book brilliant and informative, huge selection of photographs from all of gms motors over the last 100 years, history of gm is very good, really enjoyed reading it,a great book for any gm fan. But by 1911, the company had made enough advances into the international market that the general motors export company was established to handle sales outside the u. History and background of general motors automotive legend of the last century, gm, is one of the biggest corporations in the world. Discover delightful childrens books with prime book box, a subscription that delivers new. However, gm has worldwide companies including buick, cadillac, chevrolet, gmc, holden, hummer, opel pontiac, saturn, saab, and vauxhall.
During the past 5 years, the average book value per share growth rate was 4. The history of general motors gm, one of the worlds largest car and truck manufacturers, dates to more than a century and involves a vast scope of industrial activity around the world, mostly focused on motorized transportation and the engineering and manufacturing that make it possible. The renaissance center in detroit, michigan, is general motors world headquarters. History of general motors general motors, also known as gm, is an americanbased car manufacturer headquartered in detroit, michigan.
My years with general motors alfred pritchard sloan. General motors works in many parts of asia like china, india, indonesia, etc. Selected fulltext books and articles billy, alfred, and general motors. It was founded in 1908 by a man named billy durant. This book, which critics acclaimed blows the lid off the. The company has been ranked as the largest us automaker and worlds second largest, behind toyota motor corporation. Discount prices on books by general motors, including titles like 2019 camaro wall calendar. Find the latest book value per share for general motors company gm. A photographic history explores the growth of the company in a series of over 200 blackandwhite images. General motors turns its back on long history in europe. General motors profile, history, founder, founded, ceo.
The history of general motors business the guardian. A history of general motors in canada the globe and mail. It is based in the renaissance center in detroit, michigan. From the first assembly line to postsecond world war recovery, images from the world auto shows and the consequent reorganization of gm take the reader on an intriguing visual tour of a tremendously important era in the industrialization of america. General motors led vehicle sales for 77 consecutive years, from 1931 through 2007, longer than any other automaker in history. Discover historical prices for gm stock on yahoo finance. Until recently, the group was the undisputed global leader in the automobile market, with an extensive portfolio housing eight of americas most. The company also provides automotive financing services through general motors financial company, inc. Delorean, the vicepresident, who, in 1973, resigned from his position in spite of a brilliant and meteoric rise.
Durant, who combined the buick, oldsmobile, and oakland companies and, later, cad. Founded in 1908 as a holding company in flint, michigan, as of 2012 it employed approximately 209,000. Learn about our companys rich history and dedication to community, sustainability and personal mobility efforts. This book, which critics acclaimed blows the lid off the king of carmakers was about the allegations of corruption, mismanagement and total irresponsibility at the top level of the company, as seen by john z. Durant, the general motors company was founded in 1908 to consolidate several motorcar companies producing buick, oldsmobile, cadillac, oakland later pontiac, ewing, marquette, and other autos as well as reliance and rapid trucks. In depth view into general motors price to book value including historical data from 2010, charts, stats and industry comps. View historical gm stock price data to see stock performance over time. Gm is one of the largest vehicle manufacturers and marketers in the world, with operations on six continents. It was the result of genius of durant that he was able to bring the company to its peak business with his overnight plans and strategies. Durant, who combined the buick, oldsmobile, and oakland companies and, later. Very interesting read about general motors from john delorean yes, he of the car from the movie back to the future, who was a senior executive with the corporation. Patrick wright wrote a book named on a clear day you can see general motors.
Ihs markit is your source for general motors standards and publications. Gm, part of the ongoing transformation of american ind. Its brands are household names chevrolet, cadillac, buick, and more that belong in any litany of u. General motors is one of the oldest american businesses in the industrial sector, with roots that date back nearly to the beginning of the 20th century. Cramer explains why general motors is back in style on. The decline and fall of the us car industry by freedman, craig. History and background of general motors mba knowledge base.
American multinational automotive, concept of a car for every headquartered in detroit, michigan purse and purpose strategy worlds largest during the 1920sautomaker, by vehicle unit sales, in 2011 gm today is known as a brandgm employs 2,02,000 reinventing. General motors is home to buick, cadillac, gmc and chevrolet. Explore our list of automotive industry history books at barnes. Meet the man who founded general motors and wound up running a bowling alley billy durant built the gm empire, got kicked out, crawled his way back in, then got booted again.
During the past 3 years, the average book value per share growth rate was 0. General motors books list of books by general motors. View daily, weekly or monthly format back to when general motors company stock was issued. History of general motors and background of general motors. Big dividends, a value price and a growth story, too it sounds like an investors dream. General motors history is vast, it started out as an investment firm and holding company for buick. Founded in 1908, in flint, michigan, gm employs approximately 284,000 people around the world. To appreciate sloans book, consider the titanic achievement of his predecessor, henry ford. It was not before 1908 that general motors started its business with a new phase as these all bought companies were brought under one unit which made gm really top class company of the world. Through the lens of history at its most gripping, this book reveals why. Gm also builds cars through its gm, gm korea, gm europe, vauxhall, and holden units.
For example, a share position presplit, became a 2000 share position following the split. But a oneoff hurricane and an otherwise tepid earnings report hardly explained. Sloan is carefully edited to exclude important conclusions and summary statements. General motors runs under the brand name holden in new zealand and australia. General motors gm has 1 split in our general motors stock split history database. General motors, american corporation that was the worlds largest motorvehicle manufacturer for much of the 20th and early 21st centuries. Customers were greeted with a booklet published by general motors. Although gm had big turmoils in its business, it still operates successfully in all over the universe. General motors gm manufactures cars and trucks, with brands such as buick, cadillac, chevrolet, and gmc. The book is best when he discusses the managerial issues that continue to plague gm to this day book was written in the mid1970s. Ihs markit is the exclusive supplier of all general motors standards and specifications for all gm sectors. The general motors corporation was established in 1908 by william c.
General motors corporation is an automobile production company within the united states. Originally intended as a holding company for the buick car company, within two years durant brought some of the biggest names in the automotive industry, including oldsmobile, cadillac, oakland later known as pontiac and the predecessors of gmc truck. General motors company is the largest american car company. Among the many other indignities about to be suffered by the once great general motors corporation nyse.
General motors has made a full recovery, more or less, from the unprecedented crisis which almost brought about the complete collapse of americas biggest car company in 2009. When you visit our website, we store cookies on your browser to collect information related to you, your preferences or your device. This was a 2 for 1 split, meaning for each share of gm owned presplit, the shareholder now owned 2 shares. A long history of the company is associated with egypt when the company began assembling the cars there in 1920s. The book includes vivid, wartsandall portraits of the legends of the golden age of the automobile. In 1910, durant lost control of the company to a bankers trust as a result. General motors us profile subscribers click here for full profile. Its major products include automobiles and trucks, automotive components, and engines. General motors cos book value per share for the quarter that ended in mar. Opinion the general motors century the new york times. General motors was founded on september 16, 1908 originally only holding buick.
The story of two unique men, a legendary company, and a remarkable time in american history by william pelfrey amacom, 2006. General motors is turning its back on its long history in europe to return cash to shareholders, improve profitability, invest more in china and. General motors co designs, builds and sells trucks, crossovers, cars and automobile parts worldwide. The 43 best automotive history books recommended by michael batnick and sean. Gm no rth america gmna and gm international gmi are its automotive segments. Durant managed to use another company he formed, chevrolet, to come back to power in gm during 1915, and the history of gm from 19151920 is full of successes. However, since william durant the founder was an incredibly smart man, he soon managed to purchase the rights of other companies, such as the worldfamous cadillac, oakland later renamed to pontiac. The unmutilated original book is a classic of both management science and a history of the development of the american mass manufacturing automobile culture up to about 1963. General motors gm, one of the worlds largest automobile manufacturers, was founded in 1908. The book is very interesting and there is a lot of information about general motors. View gm historial stock data and compare to other stocks and exchanges. List of books and articles about general motors online.
Now 105 years later holding buick, chevrolet, cadillac, and gmc. Launched in 1908, general motors was once the paragon of american corporate might. Its home to ford, general motors, and chrysler, as well as numerous auto. We have the ambition, the talent and the technology to create a world with zero crashes, zero emissions and zero congestion. Find the latest news about gm automotive innovations, investor relations and more. Billy, alfred, and general motors is the tale not just of the two extraordinary men of its title but also of the formative decades of twentiethcentury america, through two world wars and sea changes in business, industry, politics, and culture. Book value per share is a widely used stock evaluation measure. General motors was founded in 1908 by william billy durant, who had started out as a manufacturer of horsedrawn vehicles.