January 20, 2017 12:05 PM ET

Automobiles

Company Overview of General Motors Company

Company Overview

General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. The company operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Opel, Holden, Vauxhall, Baojun, Jiefang, and Wuling brand names. The company also sells cars and trucks to dealers for consumer retail sales, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. In addition, it offers connected safety, security and mobility solutions, and information technology service...

300 Renaissance Center

Detroit, MI 48265

United States

Founded in 1897

215,000 Employees

Phone:

313-556-5000

Key Executives for General Motors Company

Chairman and Chief Executive Officer
Age: 54
Total Annual Compensation: $1.8M
President
Age: 44
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Vice President
Age: 56
Total Annual Compensation: $1.0M
Executive Vice President of Global Product Development, Purchasing and Supply Chain
Age: 52
Total Annual Compensation: $1.1M
Executive Vice President of Legal & Public Policy and General Counsel
Age: 58
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2015.

General Motors Company Key Developments

General Motors Agrees to Pays $1 Million to Settle SEC Accounting Control Failures

General Motors (GM) agreed to pay a $1 million penalty to settle charges that deficient internal accounting controls prevented it from properly assessing the potential impact on its financial statements of a defective ignition switch found in some vehicles. The SEC said that when loss contingencies such as a potential vehicle recall arise, accounting guidance requires companies to assess the likelihood of whether the potential recall will occur, and provide an estimate of the associated loss or range of loss or otherwise provide a statement that such an estimate cannot be made.

General Motors Announces Additional USD 1 Billion Investment in US Operations

General Motors has announced an additional USD 1 billion investment in US operations as well as 7,000 US jobs, while the president of Hyundai Motor has confirmed his company's plans to invest USD 3.1 billion in US manufacturing over the next five years, possibly including a new assembly plant. A General Motors investment announcement on 17 January outlined rough plans to make an additional USD 1 billion investment into US operations and in the near term to retain or create 7,000 US jobs. To get to the headline of retaining or creating 7,000 jobs, GM noted that 1,500 new and retained jobs would be tied to the new investments and that the details would be revealed over the course of the year. The company also confirmed that it would move production of the axles for its next-generation pickup trucks from Mexico to its operations in Michigan. GM said that move would create 450 US jobs.

General Motors Announces 20 for B20 in its Diesel Vehicle Lineup

General Motors is taking bold steps to expand the U.S. diesel vehicle market beyond its traditional stronghold in full-size pickups, and providing more options than ever before for customers to reap the additional benefits of fueling up with B20 biodiesel blends, America's Advanced Biofuel. With eight new diesel vehicle options hitting the roadways in 2017 - 2018, General Motors now offers a full line-up of twenty different diesel models, from passenger cars, to pickups and SUVs, to commercial vans and low cab forward trucks - all of which are approved for use with B20. GM's announcement, along with additional new diesel model introductions this year, sends a strong signal that diesel remains an important option for meeting the current and future needs of U.S. drivers. Including 2017 and 2018 models, Chevrolet and GMC will offer one of the large portfolios of vehicles capable of running on B20, a blend of 20% biodiesel and 80% ultra-low sulfur diesel. GM Fleet's B20 capable options include: Chevrolet Express full-size vans (Cargo, Passenger, Cutaway), Chevrolet Low Cab Forward commercial truck, Chevrolet Colorado mid-size pickup, Chevrolet Silverado (2,500HD, 3,500HD, Chassis Cab) pickups, Chevrolet Equinox crossover vehicle, Chevrolet Cruze (Sedan, Hatchback) passenger cars, GMC Savana (Cargo, Passenger, Cutaway) full-size vans, GMC Sierra (2,500HD, 3,500HD, Chassis Cab) pickups, GMC Canyon mid-size pickup and GMC Terrain crossover vehicle. In 2018, Chevrolet will add a fifth diesel-powered truck line: a new Class 4/5 conventional cab truck being developed jointly with Navistar.

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