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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 2009

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general motors

General Motors

By: Jackson Spivey, Shaun Jameson, and Joel Vastl

slide2
GM
  • 2nd 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 2009
  • 61% ownership belongs to U.S. Department of Treasury
history
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 (1931-2008)
the great depression
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
Net Sales and Income
  • 1929 Net sales - $1,504,404,472 Net income - $248,282,268
1930 Net sales - $983,375,137 Net income - $151,098,992
1931 Net sales - $808,840,723 Net income - $96,877,107
1932 Net sales - $432,311,868 Net income - $164,97
national bank of detroit
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
Downfall
  • In trouble long before economic crisis of 2008
  • Nearly went bankrupt in 1991 and again in 2005.
  • 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
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
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
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
GM’s Future Bare Necessities Car
  • Therese Tant- Creative designer
  • Wade Bryant- Manager of advanced design strategy
  • Charles Lefranc-Parts designer
the en v
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.
  • http://www.youtube.com/watch?v=OiSmUr76bT0
looking to the future
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
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. 2010. Web. 13 Oct. 2010. <http://www.xconomy.com/seattle/2010/10/13/test-driving-the-future-of-general-motors-my-experience-behind-the-wheel-of-the-chevy-volt/>.
  • Gardner, Greg. "New GM Stock for Sale to Workers." 13 Oct. 2010. Web. 13 Oct. 2010. <http://www.freep.com/article/20101013/BUSINESS01/10130326/New-GM-stock-for-sale-to-workers>.
  • "General Motors Co. - Investor Relations - Investor FAQ." Web. 12 Oct. 2010. <http://phx.corporate-ir.net/phoenix.zhtml?c=231169&p=irol-faq>.
  • "GMC History Lesson." Generations of GM. Web. 11 Oct. 2010. <http://history.gmheritagecenter.com/wiki/index.php/GMC_History_Lesson>.
  • "History." General Motors | Corporate Website | GM. Web. 12 Oct. 2010. <http://www.gm.com/>.
  • "Humbled GM Files for Bankruptcy." 1 June 2009. Web. 12 Oct. 2010. <http://www.msnbc.msn.com/id/31030038/>.
bibliography cont
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 2009. Web. 12 Oct. 2010. <http://www.allsmallcars.com/blog/1022116_a-dawn-of-the-all-new-gm-maybe-or-maybe-not>.
  • Motors Liquidation Company. Web. 12 Oct. 2010. <https://www.motorsliquidation.com/>.
  • Stoll, John D. "GM Takes New Direction - WSJ.com." Business News & Financial News - The Wall Street Journal - WSJ.com. 11 July 2009. Web. 12 Oct. 2010. <http://online.wsj.com/article/SB124722154897622577.html>.
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