Timeline: History of the Electric Car 1832-1839 Scottish inventor Robert Anderson invents the first crude electric carriage powered by non-rechargeable primary cells. 1835 American Thomas Davenport is credited with building the first practicalelectric vehicle -- a small locomotive. 1859 French physicist Gaston Planté invents the rechargeable lead-acid storage battery. In 1881, his countryman Camille Faure will improve the storage battery's ability to supply current and invent the basic
Words: 1824 - Pages: 8
Boiled Frog Phenomenon Irma E. Jimenez American Intercontinental University MGT 680 – Strategic Management August 30, 2013 Abstract The “boiled frog” phenomenon will be explained and how it relates to strategic management. An example of a business or businesses undergoing a similar situation will also be given and how could they have avoided the effects of the “boiled frog” phenomenon. Boiled Frog Phenomenon The purpose of this paper
Words: 938 - Pages: 4
incorporated General Motors. But, the $2 million loan, required for the down payment for FORD was refused by the bank. Durant was kicked out of GM by the board during a financial panic and the company was taken over by the bankers (Lassa 2011). In early 1911, Durant worked on his comeback and joined with a retired Buick race driver Louis Chevrolet. He bought the assets of the Flint Wagon Works in Michigan. It was on November 3, 1911 that Durant and Chevrolet incorporated the new ‘Chevrolet Motor Company’
Words: 2271 - Pages: 10
Assignment 4: Automotive Production Levels General Motors Shelia Lott Eco 550 - Managerial Economics and Globalization Dr. John Ilokwu Ph.D. September 5, 2012 General Motors Company General Motors Corporation (GM) is the largest company in an industry that has a major impact on the American economy and in the world. GM has led the auto industry in innovation and for most of the 20th century. From 1931 to 2008 GM led in the industry only to be surpassed by Toyota in 2008. After
Words: 676 - Pages: 3
Corporate Finance FIN-325 I. General Overview General Motors, also known as (GM), is an American multinational corporation headquartered in Detroit, Michigan. General Motors was founded on September 16th, 1908 in Flint Michigan by William C. Durant as a holding company, or a wholly owned subsidiary for Buick. The company designs, manufactures, and distributes vehicles on all six major continents under 18 brand names. Some of their well-known brand names include Chevrolet, Buick, Cadillac, GMC
Words: 3325 - Pages: 14
The Ford Motor Company (NYSE: F) is an American multinational corporation and the world's fourth largest automaker based on worldwide vehicle sales, following Toyota, General Motors, and Volkswagen. Based in Dearborn, Michigan, a suburb of Detroit, the automaker was founded by Henry Ford and incorporated on June 16, 1903. In addition to the Ford, Lincoln, and Mercury brands, Ford also owns Volvo Cars of Sweden, and a small stake in Mazda of Japan and Aston Martin of England. Ford's former UK subsidiaries
Words: 1036 - Pages: 5
Travis Spaulding: 2.6 - Case Study: Sergio Marchionne On April 30, 2009, Chrysler filed for bankruptcy due to failure to generate sufficient profits. As a result, a new partnership ensued with the Italy based car company, Fiat (Roubini, 2009). Since then, Chrysler Group LLC Chief Executive, Sergio Marchionne, has taken measures to change the attitude and organizational culture of the company to recover from the bankruptcy, as well as being a leader among American car manufacturers (Muller, 2011)
Words: 1234 - Pages: 5
such as sports utility vehicles (SUVs) with four-wheel-drive packages" (Taylor 10). Weaknesses • • Struggling with sales due to weak designs. 1st Quarter loss in 2009 of $1.4 billion. Opportunities • Capitalize on the fact that they are the only auto co. of the big three that did not have to take a buyout and are not facing bankruptcy. Buyers attracted to Ford being best able to provide quality and reliability versus nearly bankrupt GM and Chrysler. • Offer better deals on buying Ford vehicles with
Words: 989 - Pages: 4
Hyundai Motor Company Business History The Hyundai Motor Company is a multinational automotive manufacturer based in South Korea. The company is the world’s fifth largest motor group. (Hyundai.co.uk). the motor group has its headquarters in Seoul in South Korea. Hyundai was started by Chung Ju-Yung in 1967. Its parent company is the Hyundai motor group. It owns Kia motors by 32.8%. The company has its main operations in Ulsan, South Korea. This unit has an annual production capacity of 1.6million
Words: 955 - Pages: 4
marketplace (General Motors, 2015) General Motors was founded by William “Billy” Durant on September 16, 1908. GM was basically formed as a holding company for Buick. Although GM owned aircraft in the 1930’s; their main focus was on motorized vehicles. Later, GM became one of the largest automobile manufactures in the US, “With the headquarters located at the Renaissance Center in Detroit, Michigan; GM employed over 212,000 employees worldwide according to General motors” (General motors). However
Words: 1773 - Pages: 8
