General Motors By: Jackson Spivey, Shaun Jameson, and Joel Vastl

GM 2 nd largest auto manufacturing group in the world (by volume) Nearly 204,000 employees worldwide Focuses on four major North American brands: Chevrolet, Buick, GMC, and Cadillac Underwent Chapter 11 bankruptcy in % ownership belongs to U.S. Department of Treasury

History Founded in 1908 by William Duran Started out as only Buick, but within a few years acquired over 20 other companies Early financial debt associated with the process of buying so many other companies Following collapse of new car market, Alfred Sloan took control and led company to prominence Led auto industry in global sales for 77 straight years ( )

The Great Depression Caused other automakers to go under General Motors stayed in the black Profitable margin except 1932 GM underpriced competition and increased market share GM was not immune to the effects of Depression GM stock trade $73 then $16

Net Sales and Income 1929 Net sales - $1,504,404,472 Net income - $248,282, Net sales - $983,375,137 Net income - $151,098, Net sales - $808,840,723 Net income - $96,877, Net sales - $432,311,868 Net income - $164,97

National Bank of Detroit 1933 auto sales plunged GM helped form a bank in March 1933 Positive signal to Americans who depended on the auto industry National Bank of Detroit is part of JP Morgan Chase & Co.

Downfall In trouble long before economic crisis of 2008 Nearly went bankrupt in 1991 and again in Oil prices skyrocketed, increasing demand for high mileage vehicles GM and other auto companies focused more on high profit SUV’s Net losses of $10.6 Billion in 2006, $38.7 Billion in 2008

Bankruptcy U.S. and Canadian Governments provided billions in bailout money Fourth largest bankruptcy case in U.S. history U.S. Treasury awarded 61% of ownership Autoworkers, Canadian Government, and Motors Liquidation Company own majority or remaining stock CEO Rick Wagoner forced to resign Motors Liquidation Company purchased most of assets

A New GM The General Motors Company, a group backed by U.S. Treasury, purchased most of the assets from “Old GM” Repaid part of government loan Will begin offering stock to employees and retirees in November Initial Public Offering (IPO) to come soon Government will sell some of its shares, but will most likely remain majority stock holder after IPO

Back on the rise 12 consecutive month increase in sales Retail sales increased 48% compared to a year ago Total sales are up 42% compared to a year ago

GM’s Future Bare Necessities Car Therese Tant- Creative designer Wade Bryant- Manager of advanced design strategy Charles Lefranc-Parts designer

The “EN-V” Electric Networked Vehicle Launched in China SAIC a Chinese based company teamed up with GM to help promote the vehicle in China. ch?v=OiSmUr76bT0

Looking to the future Still a long road ahead Billions still need to be repaid through dividends and interest New GM trying to eliminate mistakes that failed previous company Publicly traded shares are key to the future of the company Chevy Volt considered future of electric cars

Bibliography Chard, Thea. "Test Driving the Future of General Motors: My Experience Behind the Wheel of the Chevy Volt | Xconomy." Business, Life Sciences, and Technology News | Xconomy. 13 Oct Web. 13 Oct Gardner, Greg. "New GM Stock for Sale to Workers." 13 Oct Web. 13 Oct "General Motors Co. - Investor Relations - Investor FAQ." Web. 12 Oct "GMC History Lesson." Generations of GM. Web. 11 Oct "History." General Motors | Corporate Website | GM. Web. 12 Oct "Humbled GM Files for Bankruptcy." 1 June Web. 12 Oct

Bibliography Cont… Mcgrew, Johnathon. "A Dawn Of the All-New GM? Maybe or Maybe Not - All Small Cars." Small Cars, Affordable Small Cars, Best Small Car: Honda Fit, Hyundai Elantra and More - All Small Cars. 11 July Web. 12 Oct Motors Liquidation Company. Web. 12 Oct Stoll, John D. "GM Takes New Direction - WSJ.com." Business News & Financial News - The Wall Street Journal - WSJ.com. 11 July Web. 12 Oct