...RESEARCH PAPER ON GM Introduction "General Motors has no bad years, only good years and better years" (Sloan, 1972). This mantra established in 1950 by former GM president Harlow H. Curtice may have been true at one point, but is called into question today by many, including Wall Street. General Motors Corporation, also known, as GM or GMC is the world’s 2nd largest auto company in sales revenue behind Toyota which took the lead in 2006. General Motors reigned as the global leader in the automobile industry for the last 76 years, which was longer than any other automaker. Today, Richard Wagoner, Jr., GM Chairman and CEO currently runs GM, which was founded in 1908. GM today employs approximately 324,000 people around the world, with their global headquarters in Detroit Michigan. Their European headquarters is based in Zurich, Switzerland. In 2006, 9.1 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM, Daewoo, Holden, Hummer, Opel, Pontiac, Saab, Saturn, and Vauxhall. General Motors has a superb relationship with international connection. GM takes pride in fostering global partnerships and consumer relationships. GM is majority shareholder in GM Daewoo auto & Technology Co. of South Korea and has had collaborative ventures in technology and manufacturing with several other automakers. It also has ventures with Shanghai Automotive Industry Corporation of China. GM’s largest national market is the United...
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...General Motors: General Motors Corporation (GM) is a multinational automobile manufacturer created in 1908.its headquarter is in the United States. GM is the world's largest automaker as measured according to the global industry sales. GM is the proud sales leader in the automotive industry for the for the last 77 years. As of 2008, General Motors employs about 266,000 people around the world. It manufactures its cars and trucks in 35 different countries. The famous brands under the umbrella of GM are Buick, Cadillac, Chevrolet, GM Daewoo, GMC, Holden, Hummer, Opel, Pontiac, Saab, Saturn, Vauxhall, and Wuling. In 2008, General Motors was the ninth largest publicly traded company in the world. In recent years the company has faced significant financial turmoils, including a 38 billion dollar loss in 2007. General Motors Today: From 1908 to 1976, it had grown expansively. But today its market share has gone down and together, with challenges posed by economic conditions, in the form of increasing healthcare costs and fuel costs and cut throat competition GM is facing a tough time in maintaining its profits. GM is deriving its 100% profits from financing cars and not from the sales of vehicles. Internal factors that account for this decline are the failure of the company to adapt to the changes in the environment such as the consumer preferences and technology, lack of differentiation applied to products and lack of effective cost leadership strategies to efficiently manage...
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... Takes On the Insular G.M. Culture DETROIT — Fiat will set a new direction at Chrysler, which finished its tour through bankruptcy court Wednesday, completing its deal to join forces with the Italian automaker. Skip to next paragraph [pic] William Thomas Cain/Getty Images A General Motors shareholders’ meeting in June 2008 in Wilmington, Del. History shows that outsiders have repeatedly failed to get the Detroit car company to make major changes. Related Adviser Defends U.S. Role in Aiding Automakers (June 11, 2009) Times Topics: Automotive Industry Crisis | General Motors Corporation | Chrysler LLC | Fiat S.p.A. [pic] Left: Associated Press; Right: Craig Ruttle/Bloomberg News Ross Perot, left, and Jerome York, an adviser to the billionaire Kirk Kerkorian, tried to force change at G.M. [pic] Left: Jay Mallin/Bloomberg News; Right: John Marshall Mantel for The New York Times Steven Rattner, left, the White House’s lead auto adviser, and Fritz Henderson, the chief executive of General Motors. At Ford, a chief executive brought in from the aircraft industry is helping to shake up the company. But it will be up to the federal government, which will own a majority of General Motors when it emerges from bankruptcy, to tackle what is perhaps the most difficult challenge in Detroit: transforming G.M.’s insular culture — at times as bureaucratic as the government’s — to make the company more competitive. If the effort fails, the Treasury may never recoup the $50...
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...Inside General Motors: Communicating through the crisis By Marc Wright http://www.simply-communicate.com/case-studies/internal-communication/inside-general-motors-communicating-through-crisis Katie McBride had the hottest seat in internal communications last year as car giant General Motors filed for Chapter 11 in one of the most dramatic melt-downs of the economic crisis. She came to the IABC World Conference to a sell-out session where she relived her experiences of the last 12 months. This was no small deal – General Motors was – and still is – one of the world’s leading automakers. From its global headquarters in Detroit it directs business in 157 countries around the world, employing some 205,000 people. The company produces cars and trucks in 31 countries, including the US, China, Brazil, Germany, the UK, Canada and Italy selling such brands as Buick, Cadillac, Chevrolet, FAW, GMC, Daewoo, Holden, Jiefang, Opel, Vauxhall and Wuling. McBride has now moved onto other roles at GM but as Head of Employee Communications back in 2009 she drove through a three part strategy. “Our aim was to keep leaders visible and accessible to instill confidence in their direction and the company’s future through open, honest communication that involved the entire leadership team and not just the CEO. Secondly we wanted to reach our whole audience globally in a way that was meaningful and relevant and thirdly use employees as ambassadors for our products.” The first part...
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...The Challenges of “General Motors” Joe Allagree Ohio Christian University General Motors was founded in September of 1908 by William Durant. Durant was a leading manufacturer of hoarse drawn vehicles in Flint Michigan. At its inception GM held only the Buick Motor Company, but in a matter of years would acquire more than 20 companies including Oldsmobile, Cadillac, and Oakland, today known as Pontiac. By the 1920’s the demand for automobiles had grown unexpectedly. General Motors was setting the pace of production, design, and marketing innovation that other manufacturers would have to follow if they were to survive. General Motors began to diversify by adding sever different names to the General Motors name, Chevrolet, Vauxhall, and Opel. These lines made added to the reach of GM. The GM motto was “a car for every purse and purpose”( http://www.gm.com/company/historyAndHerit age/acceleration.html). By becoming so diverse, GM proved to the world that the automobile was more than just a means of transportation. By the 60’s GM was facing new challenges and new changes. Environmental concerns were becoming more apparent, and the foreign market played a role in GM’s downsizing of its automobiles. In order to stay diverse and competitive GM was forced to reengineer many of its models. By the 1970’s, GM once again proved diverse and cutting edge ability by introducing the first engines to run off low lead, or un leaded gasoline. GM was beginning to understand that in...
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...General Motors General Motors History General Motors (also known as GM), is the world’s second largest car manufacturer based on annual sales. GM was founded on September 16, 1908, in Flint, Michigan, as a holding company for Buick, operated by William C. Durant. Later during that year, they established Oldsmobile. The following year, Durant brought Cadillac, Elmore, Oakland and several others. In 1910, William Durant lost control of GM to a bankers’ trust, because of the large amount of debt taken in the previous year. Years later, Durant started Chevrolet Motor Car Company and through this he secretly purchased a controlling interest in GM. Once ownership was reclaimed by Durant, he then reorganized General Motors Company into General Motors Corporation. Shortly after, Durant again lost control after the collapsed of the new of vehicle. In 1916, Alfred P. Sloan was chosen to take charge of the corporation and led it to its post global dominance. GM growth lasted to the early 1980s. In the 1980s, GM employed 349,000 workers and operated 150 assembly plants. They led in global sales for 77 consecutive years from 1931 to 2007, longer than any other automaker. Now in 2009, General Motors employs approximately 244,500 people around the world. GMs’ global headquarters is the Renaissance Center located in Detroit, Michigan. Last year, GM sold 8.35 million cars and trucks globally. GM is the majority shareholders in GM Daewoo Auto & Technology Co. of South Korea and had collaborations...
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...Contents Executive Summary………………………………………………….2 History of General Motors…………………………………………...3 General Motors Exports to Argentina………………………………3 General Motors Exports to Brazil…………………………………...4 Trade Agreement between South America………………………...5 General Motors and WW II…………………………………………...6 General Motors in South Africa………………………………………7 General Motors in China………………………………………………7 The Chevrolet Brand…………………………………………………..8 Conclusion………………………………………………………………9 Works Cited……………………………………………………………..10 Executive Summary General Motors (GM) is one of the big three auto makers in the world and they have built some of the most famous vehicles on the road which have met all different types of consumer’s needs. General Motors has taken an unexpected turn in the past several years for the worse due to the changing economy that is affecting the world. Many economists claim that the United States has been pressed into a recession that started with the housing crisis in 2008. From this crisis restricted a major banking crisis that has led to financial institutions implementing tighter lending guidelines for businesses. This has greatly affected General Motors since the company relies heavily on short term returns. Out of all the auto making companies during the crisis of falling sales and crashing returns, General Motors was hit the hardest and filed bankruptcy. The fact that General Motors has such a large portfolio is working directly against their success...
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...GENERAL MOTORS General Motors HRM 587Analysis Paper Lois Hunter D03569279 9/22/2012 Analysis of General Motors Chief Executive Officers and the Change Leader Culture they portrayed in their at tenure in GM Corporation Case Study: General Motors Moving Forward “How Many Expert does it take to turn a company around? That is the question that the taxpayers of America are asking. General Motors was once the industry leader in America. General Motors was a fortune 500 Company for decades. They dominated the automobile industry .Stocks top out at the highest being sold at 83.00 dollars on the market. General Motors made the middle class in America. General boasted the characteristic in the corporate world as being powerful, stubborn, monolithic, and authoritarian and it main concerns was the assembly lines, called the seeds of success. General Motors was established in 1892 by an R. Olds who created the Oldsmobile his vision was to create horseless carriages. He started the automobile factory in Detroit was soon followed by others in the industry, and he and several others decided to create amalgamation of over different companies. The new automobile entities became known as General Motors. Each new partner brought in his brand as they began consolidating. Mr. Olds had a management style of controlling he knew what needed to be done and he did it. He knew when to start merger and acquiring early in the game he established General Motors. His vision and management...
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...GENERAL MOTORS COMPANY (GM) History of the Company In 1900 New York held an Auto Show where there was a surprise turnout and it showed just how much interest the United States citizens had with automobiles. This enticed many different companies into entering the automobile history to try and meet the growing demand. On September 16, 1908, William “Billy” Durant founded General Motors Company (GM) who at one time was a leading manufacturer of horse-drawn vehicles in Flint, Michigan. Initially, GM consisted of only the Buick Motor Company but took only a number of years to acquire more than twenty different companies. Some of these companies include Oldsmobile, Cadillac, and Pontiac. Opel, a brand that was recognized worldwide, became General Motor’s first international acquisition (http://www.gm.com). The major recession that came about in 2008 dried up private sources of capital and had the United Sates Treasury give GM a bridge loan to aide in the restructuring of its operations. Furthermore, it is evident that sales of motor vehicles have increased since the rescue of the auto industry each year since 2009 (http://www.treasury.gov/resource-center/). The economy is finally recovering and we will soon see if GM is in a place to again thrive. In the 80’s and 90’s GM encountered its largest single production expansion outside of North America in Spain. Furthermore, since GM had joint ventures in both China and India, they were able to provide a variety of automobiles...
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...FIM ASSIGNMENT General Motors Prepared by: CharuSingla, CFM Roll #07 AnkitSrivastava, IM Roll #05 Aniket Singh, CFM Roll #04 RakeshJha, CFM Roll #14 Vishal Suri, CFM Roll #22 AbhishekGoel, CFM Roll #02 General Motors 2013 Acknowledgment The project would not have been possible without the kind support and help of many individuals. We would like to extend my sincere thanks to all of them. We are highly indebted to Mr. D.C.Singhal for his guidance and constant supervision as well as for providing necessary information regarding the project & also for their support in completing the project. We would like to express my special gratitude and thanks to industry persons for giving us valuable information and insight. Our thanks and appreciations also go to our colleague in developing the project and people who have willingly helped us out with their abilities. IIFT 2015 Page 2 General Motors 2013 Table of Contents Acknowledgment........................................................................................................................... 2 Introduction .................................................................................................................................. 4 Products or Services delivered and annual output ......................................................................... 6 Countries the company is present in ............................................................................................ 10 Problems...
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...General Motors General Motors Corporation has failed to adequately respond to shifts in its general and competitive environments. We will argue that past success led to over-confident management and inertia, causing lack of foresight in anticipating change, and causing it to undertake obligations that now constrain its ability to react. We will first introduce GM’s traditional business strategy, and what its position is relative to its competitors. Then, we will describe GM’s global, economic, demographic, political/legal, sociocultural and technological environments, showing how GM has fallen behind in each. Each section will end with a discussion of how the environmental changes in question have impacted GM’s position in its competitive enviroment, ultimately leading to its current state of poor sales and near-bankruptcy. We believe GM’s management now needs to be proactive in rectifying its current situation, instead of adopting short-term, stop-gap measures. GM’s traditional strategy is to have a full array of cars, trucks and minivans for each of its brands[1]. It has particularly relied on big cars and trucks – like SUVs, the GMC Yukon and the Chevy Tahoe[2] - as opposed to direct competitors like Toyota, that are known for smaller, more fuel-efficient cars. Also, GM follows the core assumption that job satisfaction leads to profits[3]. This strategy worked well for GM in the past when it controlled the greatest share in the auto market. Between the 1930s and...
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...General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. General Motors, the world's largest auto manufacturer, makes cars and trucks, with brands such as Buick, Cadillac, Chevrolet, and GMC. GM also builds cars through its GM Daewoo, Opel, Vauxhall, and Holden units. Financing and insurance activities are conducted by Ally Financial (formerly known as GMAC), of which GM owns about a 10% stake. Throughout its financial woes, GM has received billions of dollars in loans from the Canadian and US governments, negotiated concessions with labor unions, and jettisoned brands. The auto giant went through a six-week bankruptcy protection in 2009; it issued an initial public offering and returned to the stock market in 2010. General Motors was founded on September 16, 1908, in Flint, Michigan, as a holding company for Buick, then controlled by William C. Durant. At the turn of the 20th century there were fewer than 8,000 automobiles in America and Durant had become a leading manufacturer of horse-drawn vehicles in Flint, MI, before making his foray into the automotive industry. GM's co-founder was Charles Stewart Mott, whose carriage company was merged into Buick prior to GM's creation. Over the years Mott became the largest single stockholder in GM and spent his life with his Mott Foundation which has benefited the city of Flint, his adopted home...
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...General Motors is one of the leading automobile manufacturers in the world. It has been a pioneer in global vehicle sales and one of the widely recognized brands all across the globe. Founded over a century ago, it continues to be among the world's largest automakers in terms of vehicle unit sales . With it's global presence, it offer a range of vehicles in more than 120 countries with vehicle manufacturing units in 37 countries and an employee count of more than 212,000 . In the early 2000's, excessive costs, lost margin opportunities, newer technologies and increased competition from other major car manufacturers led General Motors (GM) to yearn for value creation. Various factors such as change in customer demands, ineffective business strategies , profits erosion contributed to this slow down . These setbacks were addressed by Rick Wagoner, Mark Hogan, Harold Kutner, and Ralph Szygenda . They identified and evaluated the industry challenges, opportunities and growth capabilities by identifying the core-problem areas. Their goal was to strengthen the demand and supply chain systems . They built a system that led to a sustainable, value generating business model through developing efficiency and profitability. Their focus was on improved product quality, design, IT infrastructure challenges and integration issues, customer needs and improving the overall profitability. They built upon each of their expertise while making sure that key to success is to ensure tie-up between...
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...Introduction General Motors Corporation (GM), incorporated in 1916, has two core businesses: Automotive and Other Operations and Financing and Insurance Operations. GM participates in the automotive industry through the activities of its automotive business operating segment, General Motors Automotive (GMA), which consists of four regions: GM North America (GMNA), GM Europe (GME), GM Latin America/Africa/Mid-East (GMLAAM) and GM Asia Pacific (GMAP). GMNA designs, manufactures and/or markets vehicles, primarily in North America under the following nameplates: Chevrolet, Pontiac, GMC, Oldsmobile, Buick, Cadillac, Saturn and Hummer. GME, GMLAAM and GMAP primarily meet the demands of customers outside North America with vehicles designed, manufactured and/or marketed under the following nameplates: Opel, Vauxhall, Holden, Saab, Buick, Chevrolet, GMC and Cadillac. GM's automotive regions also have equity ownership in Fiat Auto Holdings, Fuji Heavy Industries Ltd., Suzuki Motor Corporation, Isuzu Motors Ltd., Shanghai General Motors Corporation, SAIC-GM-Wuling Automobile Company Ltd. and GM Daewoo Auto & Technology Company. These investees design, manufacture and market vehicles under the following nameplates: Fiat, Lancia, Alfa Romeo, Subaru, Suzuki, Isuzu, Buick, Wuling, Daewoo and Chevrolet. GM's other operations include the design, manufacturing and marketing of locomotives. Substantially all of the Company's automotive-related products are marketed through retail dealers...
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...General Motors and the Auto Industry: A Strategic Analysis Drexel University Management 450 5/21/2009 Helena Boe, Diane Ketler, Nicole O’Keefe, Andrew Rubenstein, James Siverio Table of Contents Executive Summary 3 A Snapshot of General Motors Today 4 The Strategic Issue Facing GM: Avoiding Bankruptcy 5 The Economy Today 6 History of the recession 6 Economic Climate 7 Stimulus Package 7 Gross Domestic product 8 Inflation Rate 8 Unemployment Rate 8 The Auto Industry Today 9 GM’s Strategy 11 Threats Affecting GM 12 Threat of Rivalry 12 Threat of suppliers 14 Economic Threats 16 Threat of Substitutes 17 Threat of Buyers 18 Threat of Entry 20 Weakness of Internal Cost Structures 21 Government Intervention and the Restructuring of GM 22 GM’s Outlook/Recommendations 23 Works Cited 25 Executive Summary General Motors (GM) is one of the big three auto makers of the world (GM, Ford, and Chrysler) and has historically been the largest and most successful. They have built some of the most famous and classic vehicles on the road which have portrayed messages of both modesty and display of class for a market of consumers who range from working class to music superstar; as Alfred P. Sloan, CEO of the 1920s put it, GM makes “a car for every purse and purpose.” In recent years however, GM has taken an unexpected turn for the worse due to the changing economic climate that is affecting the world. Many economists argue that the US has been pushed into a...
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