Founded in 1908 by 3 people – William Durant, Charles Stewart and Frederic Smith, the company has 396 manufacturing facilities world-wide.
It is headquartered in Detroit, Michigan in US and the Chairman and CEO of the company is Mary Barra. The company operates manufacturing and assembly plants as well as distribution centres throughout the United States, and mostly, GM sells automobiles and trucks, automotive components, and engines.
In 1919, it founded its subsidiary General Motors Acceptance Corporation (GMAC) to finance and insure the installment sales of GM products. The organization entered the mortgage business in 1985 and in 1999 it expanded into commercial finance.
General Motors Corporation (GM) is the world's largest full-line vehicle manufacturer as well as marketer. The different models and brands included are: GMC, Chevrolet, Buick, Pontiac, Cadillac, Saturn, Saab and Hummer. GM’s international nameplates comprises of Opel, Vauxhall, and Holden. GM The company holds stakes in Isuzu Motors Ltd., Suzuki Motor Corp, Fuji Heavy Industries Ltd., Fiat Auto, and GM Daewoo Auto & Technology through its system of global alliances.
In the early 2000s, GM sought to shed some of its less profitable facilities, models and brands due to the escalating healthcare and pension costs. Toward that end the company phased out production of the Oldsmobile, as well as discontinued the Chevrolet Camero and Pontiac Firebird. Even with tough economic climate and periods of rough patches, GM has nevertheless been able to retain its position as the world's leading automaker.
Revenue (in bill $)= 106.62
Profit (in bill $)= 11.2
Unit Sold (in million units) = 3.558
Step 1: An initial list of companies were shortlisted based on revenue, profits or number of vehicles sold
Step 2: Top 12 companies were shortlisted based on the above 3 parameters.
Step 3: A weighted average score based on the 3 parameters Revenues, Profits and Number of vehicles sold were used to develop ranks. Where 40% is given to profits and vehicles and 20% given to revenues.