Top 10 Automobile Brands in United Kingdom (UK) 2016
Posted in Top Brand Lists, Total Reads: 147
8. General Motors
General Motors (commonly referred to as GM) is an American automaker which designs, manufactures and sells vehicles, vehicle components worldwide.
The company has its headquarters in Michigan, United States, and the company has about thirteen brands under its belt and a number of joint ventures with companies across the world. Some of its famous brands include Vauxhall, Chevrolet, Cadillac, Opel, GMC, Alpheon etc.
It is a publicly listed company and is traded on the New York Stock Exchange. Mary Barra is the current Chief Executive Officer.
General Motors was formed in 1908 by William Clark Durant and few others. He later acquired other automobile companies and built GM as a strong brand in America. The company had led global auto sales for almost 80 years starting from 1930. In 2009, the company went bankrupt and was backed by United States government. Later that year, the company announced an IPO and returned to profitability the next year. GM operates with the brand names Opel and Vauxhall in Europe, Buick and Wuling in China. GM also has a financial services division.
General Motors had also participated in a number of racing and sporting events till now. GM has also taken many initiatives to conserve environment. Most of its production wastes are either refilled or recycled. General Motors is the first company in automobile world to introduce an all- electric vehicle. It was also the first company to try out a hydrogen fuel cell to power up the engine. GM and Honda had an agreement to mass produce hydrogen fuel cells to be used in vehicles by 2020. Currently, GM ranks no.1 in hydrogen fuel cell technology. General Motors also has a seven percent stake in Europe based automobile company, PSA Peugeot.