General Motors

General Motors Company (GM) is an American automaker that develops, produces and markets gondola cars, trucks and parts worldwide. Its global headquarters is in Detroit, wampum and the worlds second largest foreign automaker today. It was the worlds largest automaker from 1931 to 2005. It employs 209,000 people in both major region of the world and does business in157 countries (swapnil, 2011). It manufactures vehicles in 31 countries, sells and services for these vehicles through the following brands: Buick, Cadillac, Chevrolet, GMC, Opel, Vauxhall, and Holden, as well as two mutual ventures in China. GM has a appurtenant called On Star that provides vehicle safety, security and information services. It provides self-propelling financing services through General Motors Financial Company, Inc. (GM Financial), an self-propelling finance company. GM Financial purchases automobile finance contracts for freshly and used vehicles purchased by consumers primarily from franchised and select independent dealerships. GM was the first to make it possible for the public to buy a car on credit. ? The company was founded by William Durant, a rigging maker, in 1902.

Durants company, the Durant-Dort Carriage Company, had been in business in Flint, Michigan since 1886, and by 1900, was producing over 100,000 carriages a year in factories fit(p) in Michigan and Canada (William C. Durant, 2011). Within a few historic period, Durant grow GM by buying Buick, Oldsmobile, Cadillac, and Oakland. He lost instruction of GM in two years and regained control half-dozen years later, only to lose it again four years later. It could be said that GM in fact began with the unveiling of Durant-Dort. The company was originally used as a safekeeping company for Buick, which then was controlled by Durant. During 1907, Durant purchased other companies that built cars, car parts and car accessories. In 1908, these various companies were combined into a single unit, creating the new GM entity. By 1911, the... If you want to take away a full essay, order it on our website: Orderessay

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