General Motors Company
Type
Public company
Traded as
NYSE: GM
TSX: GMM.U
Industry
Automotive
Founded
September 27 1908
Founder(s)
William C. Durant
Headquarters
Renaissance Center
Detroit Michigan United States
Area served
Worldwide
Key people
Daniel Akerson
(Chairman and CEO)
Products
Automobiles
Financial Services
Revenue
US$ 135.592 billion (2010)1
Operating income
US$ 5.084 billion (2010)1
Net income
US$ 6.172 billion (2010)1
Total assets
US$ 138.898 billion (2010)1
Total equity
US$ 36.180 billion (2010)1
Employees
209000 (2010)2
Divisions
Chevrolet
Buick
Cadillac
GMC
Subsidiaries
OnStar
Adam Opel AG
GM Holden Ltd
GM Financial
Vauxhall Motors
GM Korea
General Motors do Brasil
Website
GM.com
2012 Chevrolet Corvette Grand Sport Convertible Up for Grabs in Contest
A 2012 Chevrolet Corvette Grand Sport Convertible is the top prize in the Race To Win Corvette contest. | June 20, 2011 | General Motors Corporation DETROIT — Want to bypass the recent Chevrolet Corvette price hikes ? General Motors is touting the fact that a 2012 Chevrolet Corvette Grand Sport Convertible valued at $62,715 is the top prize in the Race To Win Corvette contest.
A 2012 Chevrolet Corvette Grand Sport Convertible is the top prize in the Race To Win Corvette contest. | June 20, 2011 | General Motors Corporation DETROIT — Want to bypass the recent Chevrolet Corvette price hikes ? General Motors is touting the fact that a 2012 Chevrolet Corvette Grand Sport Convertible valued at $62,715 is the top prize in the Race To Win Corvette contest.
General Motors - Wikipedia, the free encyclopedia
General Motors Company (commonly known as General Motors or GM) (NYSE: GM, TSX: GMM.U) is an American multinational automotive corporation headquartered ...
General Motors Company (commonly known as General Motors or GM) (NYSE: GM, TSX: GMM.U) is an American multinational automotive corporation headquartered ...
General Motors Company (commonly known as General Motors Government Motors or GM) (NYSE: GM TSX: GMM.U) is an American multinational automotive corporation headquartered in Detroit Michigan and the world's second-largest automaker (after Toyota).3 The old General Motors Corporation was founded in 1908 and was reestablished as of July 10 2009.4 GM employs 209000 people in every major region of the world and does business in some 157 countries. General Motors produces cars and trucks in 31 countries and sells and services these vehicles through the following divisions/brands: Buick Cadillac Chevrolet GMC Opel Vauxhall and Holden as well as two joint ventures in China. GM's OnStar subsidiary provides vehicle safety security and information services.
Mitsubishi Motors Corporation signs Memorandum of Understanding to Promote Electric Vehicles with Hsinchu County in ...
Tokyo, June 15, 2011 - (JCN Newswire) - Mitsubishi Motors Corporation (MMC) announced today the signing of a Memorandum of Understanding with China Motors Corp (CMC), MMC's business partner in Taiwan , Mitsubishi Corporation, (MC) and the Hsinchu County government in northwestern Taiwan regarding the promotion of electric vehicles (EVs).
Tokyo, June 15, 2011 - (JCN Newswire) - Mitsubishi Motors Corporation (MMC) announced today the signing of a Memorandum of Understanding with China Motors Corp (CMC), MMC's business partner in Taiwan , Mitsubishi Corporation, (MC) and the Hsinchu County government in northwestern Taiwan regarding the promotion of electric vehicles (EVs).
Automotive Industry Jobs | Jobs In Automobile Industry | GM ...
Find automotive industry jobs at General Motors. The GM careers website provides information and resources for professionals looking for jobs in the automobile industry.
Find automotive industry jobs at General Motors. The GM careers website provides information and resources for professionals looking for jobs in the automobile industry.
On June 8 2009 General Motors filed for reorganization under the provisions of Chapter 11 Title 11 United States Code. On July 10 2009 with financing partially provided by the US Government the company emerged from reorganization and was listed on major stock exchanges on November 18 2010 with the world's largest IPO.565
Contents
1 Corporate governance
1.1 Recent results
2 World presence
2.1 North America
2.2 Asia
2.3 Africa
3 Racing heritage
4 Philanthropy
5 Research and development
6 Small car sales
7 Environmental initiatives
7.1 Hybrid electric vehicles
7.2 All-electric vehicles
7.3 Battery packs for electric vehicles
7.4 Hydrogen initiative
7.5 Flexible-fuel vehicles
8 History
8.1 Chapter 11 reorganization
9 Brand reorganization
9.1 Discontinued brands
9.2 Former subsidiaries
9.3 Former affiliates
9.4 Spin-offs
10 See also
10.1 People
10.2 Industry associations
10.3 Competitions
10.4 Lists
10.5 Category
11 References
12 Further reading
13 External links
Corporate governance
Nissan and Mitsubishi Motors Establish New Minicar Joint Venture
Tokyo, June 20, 2011 - (JCN Newswire) - NMKV Co., Ltd, a new joint venture formed by Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation to develop minicars for the Japanese market, today announced an overview of its future business plans.
Tokyo, June 20, 2011 - (JCN Newswire) - NMKV Co., Ltd, a new joint venture formed by Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation to develop minicars for the Japanese market, today announced an overview of its future business plans.
GMC
Official site for the General Motors division with information on vehicles, a dealer locator, and more.
Official site for the General Motors division with information on vehicles, a dealer locator, and more.
General Motors is headquartered at the Renaissance Center in Detroit. It employs approximately 209000 people around the world. In 2009 General Motors sold 6.5 million cars and trucks globally. General Motors' recent growth has been in the People's Republic of China where its sales rose 66.9 percent in 2009 selling 1830000 vehicles and accounting for 13.4 percent of the market.7
Calendar Year
U.S. sales
Chg/yr.
19988
4603991
1999
5017150
9.0%
20009
4953163
1.3%
2001
4904015
1.0%
2002
4858705
0.9%
2003
4756403
2.1%
200410
4707416
1.0%
2005
4517730
4.0%
200611
4124645
8.7%
2007
3866620
6.3%
200812
2980688
22.9%
200913
2084492
30.1%
201014
2215227
6.3%
GM state tax credit request for new paint shop: $10 million
General Motors is asking the Michigan Economic Growth Authority for a $10-million tax credit in exchange for building a proposed paint shop for its Flint Truck Assembly plant here
General Motors is asking the Michigan Economic Growth Authority for a $10-million tax credit in exchange for building a proposed paint shop for its Flint Truck Assembly plant here
GM BuyPower
Contains details about GM vehicles, independent third party price comparisons, vehicle inventory, GMAC financing, and dealer referrals.
Contains details about GM vehicles, independent third party price comparisons, vehicle inventory, GMAC financing, and dealer referrals.
On July 23 2009 GM announced its new Board of Directors: Dan Akerson David Bonderman Robert D. Krebs Patricia F. Russo and Ed Whitacre (GM Chairman and Interim Chief Executive Officer). Board members who are not GM employees will be paid US$200000 annually.15
Chevrolet Colorado Rally Concept Unveiled: 2011 Buenos Aires Auto Show
Argentina is expected to get the second-generation Chevrolet Colorado pickup late this year or early next. | June 17, 2011 | General Motors Corporation
Argentina is expected to get the second-generation Chevrolet Colorado pickup late this year or early next. | June 17, 2011 | General Motors Corporation
General Motors: Definition from Answers.com
General Motors Corp. U.S. corporation, the world's largest automotive manufacturer for most of the 20th century and into the 21st
General Motors Corp. U.S. corporation, the world's largest automotive manufacturer for most of the 20th century and into the 21st
As of December 1 2009 The General Motors Board of Directors accepted Frederick Henderson's resignation. In January 2010 chairman Whitacre was appointed permanent chief executive officer after previously serving in an interim capacity.16
2012 Chevrolet Sonic Priced
The 2012 Chevrolet Sonic will start at $14,495 for the sedan and $15,395 for the hatchback when it goes on sale this fall. | June 17, 2011 | General Motors Corporation
The 2012 Chevrolet Sonic will start at $14,495 for the sedan and $15,395 for the hatchback when it goes on sale this fall. | June 17, 2011 | General Motors Corporation
Executive management:17
Daniel Akerson Chief Executive Officer & Chairman of the Board of Directors
Daniel Ammann Chief Financial Officer
Thomas G. Stephens Vice Chairman Global Chief Technology Officer
Mark Reuss President GM North America
David Nick Reilly President GM Europe; Chairman Adam Opel AG
Timothy E. Lee President GM International Operations (Asia-Pacific Latin America Africa and Middle East)
Edward T. Welburn Vice President of Global Design for GM18
State Approves Funds for Demolition of Former GM Plant in Wyoming
The former General Motors Plant on 36 th Street in Wyoming is one step closer to a wrecking ball, after the Michigan Economic Development Corporation approved more than $8-million to tear down the plant.
The former General Motors Plant on 36 th Street in Wyoming is one step closer to a wrecking ball, after the Michigan Economic Development Corporation approved more than $8-million to tear down the plant.
GMC Español
Terrain. Acadia. canyon. savana_passenger. savana_cargo. sierra_1500. sierra_denali ... sierra_hybrid. yukon. yukon_denali. yukon_hybrid. yukon_denali_hybrid ...
Terrain. Acadia. canyon. savana_passenger. savana_cargo. sierra_1500. sierra_denali ... sierra_hybrid. yukon. yukon_denali. yukon_hybrid. yukon_denali_hybrid ...
As part of the company's advertising Ed Whitacre announced the company's 60-day money-back guarantee and repayment of $6.7 billion loan from government ahead of schedule.19 On August 12 2010 GM announced that Whitacre would relinquish the CEO position effective September 1 2010 and that of Chairman of the Board at the end of the year to be replaced in those functions by current board member Dan Akerson.20 Between emerging from bankruptcy and March 2011 the company has had three chief executive officers and three chief financial officers.21
Recent results
What's On: AIG's Benmosche, Apple and Berkshire Hathaway
--The CEO of AIG [ AIG 28.02 +0.04 (+0.14%) ] Robert Benmosche. He's on the big show. We'll also hear from an analyst coverning Barnes & Noble [ BKS 20.14 -0.27 (-1.32%) ] as that company releases quarterly numbers.
--The CEO of AIG [ AIG 28.02 +0.04 (+0.14%) ] Robert Benmosche. He's on the big show. We'll also hear from an analyst coverning Barnes & Noble [ BKS 20.14 -0.27 (-1.32%) ] as that company releases quarterly numbers.
Cadillac
Official site for the General Motors division featuring new models, dealer information, and current offers.
Official site for the General Motors division featuring new models, dealer information, and current offers.
On February 24 2011 General Motors reported its first full-year profit since 2004. It can carry forward previous losses to reduce tax liability on future earnings. It earned $4.7 billion in 2010. The Wall Street Journal estimated the tax break including credits for costs related to pensions and other expenses can be worth as much as $45 billion over the next 20 years.22
World presence
North America
GM World Headquarters in Detroit
Toshiba's SCiB rechargeable battery selected for new electric vehicles
Toshiba Corporation today announced that its SCiB battery has been selected by Mitsubishi Motors Corporation to power two new models of electric vehicles (EV), the i-MiEV and MINICAB-MiEV. The SCiB is Toshiba's breakthrough rechargeable lithium-ion battery that combines high levels of safety with a long life, rapid charging and excellent charging and output at very low temperatures ...
Toshiba Corporation today announced that its SCiB battery has been selected by Mitsubishi Motors Corporation to power two new models of electric vehicles (EV), the i-MiEV and MINICAB-MiEV. The SCiB is Toshiba's breakthrough rechargeable lithium-ion battery that combines high levels of safety with a long life, rapid charging and excellent charging and output at very low temperatures ...
General Motors Corporation - SourceWatch
General Motors Corporation was founded in 1908 and remains headquartered at the place of ... As of June 2005, General Motors has announced that it is going to cut ...
General Motors Corporation was founded in 1908 and remains headquartered at the place of ... As of June 2005, General Motors has announced that it is going to cut ...
In North America GM products focus primarily on its four core divisions Chevrolet Cadillac Buick and GMC. The White House characterized the GM restructuring as a shift toward a new leaner greener GM which will aim to break even with annual sales much lower than previously stated.23 President Obama declared that the restructuring "will mark the end of an old GM and the beginning of a new GM; a new GM that can produce the high-quality safe and fuel-efficient cars of tomorrow; that can lead America towards an energy independent future; and that is once more a symbol of America's success."24
In the mid 2005 GM announced that its corporate chrome power emblem "Mark of Excellence" would begin appearing on all recently introduced and all-new 2006 model vehicles produced and sold in North America. However in 2009 the "New GM" reversed this saying that emphasis on its four core divisions would downplay the GM logo.25
GM worldwide 2008 vehicle sales26
(thousands)
Rank
in GM
Location
Vehicle
sales
Market
share (%)
1
USA
2981
22.1%
2
China (PRC)
1095
12.0%
3
Brazil
549
19.5%
4
United Kingdom
384
15.4%
5
Canada
359
21.4%
6
Russia
338
11.1%
7
Germany
300
8.8%
8
Mexico
212
19.8%
9
Australia
133
13.1%
10
South Korea
117
9.7%
11
France
114
4.4%
12
Spain
107
7.8%
13
Argentina
95
15.5%
14
Venezuela
91
33.3%
15
Colombia
80
36.3%
16
India
66
3.3%
Asia
The company manufactures most of its China market vehicles locally through Shanghai GM a joint venture with the Chinese company SAIC which was created on March 25 1997. The Shanghai GM plant was officially opened on December 15 1998 when the first Chinese-built Buick came off the assembly line. The SAIC-GM-Wuling Automobile joint-venture is also successfully selling microvans under the Wuling marque (34 percent owned by GM).
The Buick brand is especially strong in China led by the Buick Excelle subcompact. The last emperor of China owned a Buick.27 The Cadillac brand was introduced in China in 2004 starting with exports to China. GM pushed the marketing of the Chevrolet brand in China in 2005 as well transferring Buick Sail to that marque.
In August 2009 the joint venture of FAW GM Light Duty Commercial Vehicle Co Ltd was formed that mainly produces Jiefang light-duty trucks.28
GM increased its sales in China by 68 percent to 230048 vehicles in March 2010 outsold its U.S. sales of 188546 by 22 percent. And the company said it is on track to sell more than 2 million vehicles in China in 2010 four years ahead of its plan.29 GM set up an auto research center as part of a USD250 million corporate campus in Shanghai to develop 'gasoline-hybrid cars electric vehicles and alternative fuels engines and new technologies'.30 The company plans to double its sales from 2010 to about 5 million units in China by 2015.31
SAIC-GM- Wuling establishes low-cost brand Baojun to better compete with domestic rivals Chery Geely and BYD for first-time buyers of cars priced around USD10000. It is estimated that such market in China is about 5 million vehicles a year larger than the auto market in France and Britain combined. However some are worried that 'local brands like Baojun could eventually become threats to their parent brands if they compete more against established models over time'. Shanghai-GM-Wuling sold 1.23 million vehicles in 2010 mainly commercial vans and trucks of which about 700000 unit was a van called Sunshine.32
Africa
General Motors has a long history in Egypt which began in the 1920s with the assembling of cars and light pickup trucks for the local market. In the mid of the 1950s GM withdrew from the Egyptian market. Some year later the Ghabbour Brothers began to assemble Cadillac Chevrolet and Buick models up to the 1990s.
Since 1983 GM and Al-Monsour Automotive Company has founded the General Motors Egypt which is currently the only manufacturer of traditional GM branded vehicles in Egypt. The Speranza Motors is a big company which started in the 1990s with the SKD assembling of Daewoo cars. Today the main products of Speranza are from the Chinese Chery concern.
GM began operating in South Africa in 1913 through its wholly owned subsidiary General Motors South Africa. Following the passage of the Comprehensive Anti-Apartheid Act in 1986 GM was forced to divest from South Africa and GMSA became the independent Delta Motor Corporation. GM purchased a 49% stake in Delta in 1997 following the end of apartheid and acquired the remaining 51% in 2004 reverting the company to its original name.
Another manufacturing base of the GM for the African markets is the Industries Mcaniques Maghrbines headquartered in Kairouan Tunisia which assembles Isuzu and Mazda models for the Maghreb region.
Another assembly plant of the GM is the General Motors East Africa located in Nairobi Kenya which assembles cars of the Opel brand.
The General Motors Nigeria was founded in the 1920's as Miller Brothers Nigeria. The company was a importer for commercial vehicles of the Bedford brand. In 1949 the company opened its own assembly plant. At this time the company was operating under the name Niger/Nigeria Motors. Another renaming was in 1965 as the plant ant its distribution network was splitted into different companies. From now on the plant was known as the Federated Motors Industries. The currently name of the company was given in 1991 when the company was formed into a joint-venture between General Motors and uac of Nigeria.
Racing heritage
GM has participated over the years in the World Touring Car Championship (WTCC) 24 Hours of Le Mans Nascar SCCA and many other world venues.
Chevrolet Cruze in the WTCC
Corvette Racing Team in the American Le Mans Series
GM's engines were highy successful in the Indy Racing League (IRL) throughout the 1990s winning many races in the small V-8 class. GM has also done much work in the development of electronics for GM auto racing. An unmodified Aurora V-8 in the Aerotech captured 47 world records including the record for speed endurance in the Motorsports Hall of Fame of America. Recently the Cadillac V-Series has entered motorsports racing. GM has also used many cars in the American racing series NASCAR. Currently the Chevrolet Impala is the only entry in the series but in the past the Pontiac Grand Prix Buick Regal Oldsmobile Cutlass Chevrolet Lumina Chevrolet Malibu and the Chevrolet Monte Carlo were also used.
In Australia there is the V8 Supercar Championship which is battled out by the two main rivals of (GM) Holden and Ford. The current Holden Racing Team cars are based on the Holden Commodore and run a 5.0-litre V8-cylinder engine producing 635 bhp (474 kW). These cars have a top speed of 318 km/h (198 mph) and run 0100 km/h in 3.8 seconds. The Holden Racing Team is Australia's most successful team in Australian Touring Car History. In 2006 & 2007 the Drivers championship was won by the very closely linked HSV Dealer Team.
Philanthropy
Since 1996 General Motors has been the exclusive source of funding for Safe Kids USA's "Safe Kids Buckle Up" program a national initiative to ensure child automobile safety through education and inspection.33 Through 2002 the Pace Awards program led by GM EDS and SUN Microsystems gave over $1.2 billion of in-kind contributions which includes computers to over 18 universities to support engineering education.34 In 2009 the GM led group has helped the Pace Awards program worldwide.35 General Motors is a leading contributor to charity. In 2004 GM gave $51200000 in cash contributions and $17200000 in-kind donations to charitable causes.36
Research and development
GM R&D was the worlds first automotive research center. It was organized in 1920 by inventor Charles F. Kettering.
Headquartered in Warren Michigan the GM Research Lab is a network of six laboratories six science offices and collaborative relationships in over twelve countries including working relationships with universities government groups suppliers and other partners from across the globe.
Small car sales
Chevrolet Aveo Conceptlater went into production as the Chevy Sonic
As part of General Motors Company development it plans to revive one of its idled U.S. factories for the production of a small car in Orion Michigan with the creation of 1200 American jobs. This will be first time ever a large manufacture producing a Supermini vehicle in the United States. The new small car will add to a group of small and fuel-efficient vehicles that the company is planning to roll out in the near future. This retooled plant will be capable of building 160000 cars annually including both small and compact vehicles.37
Environmental initiatives
The 2011 Chevrolet Volt a breakthrough vehicle for GM is a plug-in electric vehicle.
General Motors is one of the leading users in renewable energy. The company has published principles regarding the environment and maintains an extensive website to inform the public. In 2008 General Motors committed to engineering half of its manufacturing plants to be landfill-free. In order to achieve its landfill-free status production waste is recycled or reused in the manufacturing process.
The world's largest rooftop solar power installation was installed at General Motors Spanish Zaragoza Manufacturing Plant in fall 2008. The Zaragoza solar installation has about 2000000 square feet (190000 m2) of roof at the plant and contains about 85000 solar panels. The installation was created owned and operated by Veolia Environment and Clairvoyant Energy who lease the rooftop area from General Motors. 383940
The company has long worked on alternative-technology vehicles and has recentlywhen led the industry with ethanol-burning flexible-fuel vehicles that can run on either E85 (ethanol) or gasoline. The company was the first to use turbochargers and was an early proponent of V6 engines in the 1960s but quickly lost interest as the muscle car race took hold. They demonstrated41 gas turbine vehicles powered by kerosene an area of interest throughout the industry but abandoned the alternative engine configuration in view of the 1973 oil crisis. In the 1970s and 1980s GM pushed the benefits of diesel engines and cylinder deactivation technologies with disastrous results due to poor durability in the Oldsmobile diesels and drivability issues in the Cadillac V8-6-4 variable-cylinder engines. In 1987 GM in conjunction with AeroVironment built the Sunraycer which won the inaugural World Solar Challenge and was a showcase of advanced technology. Much of the technology from Sunraycer found its way into the Impact prototype electric vehicle (also built by Aerovironment) and was the predecessor to the General Motors EV1.
GM supported a compromise version of the Corporate Average Fuel Economy (CAFE) standard increase from 27 mpg-US (8.7 L/100 km; 32 mpg-imp) to 35 mpg-US (6.7 L/100 km; 42 mpg-imp) the first such increase in over 20 years.42 GM announced they will introduce more Volt-based plug-in hybrids.
Hybrid electric vehicles
Chevrolet Tahoe Hybrid
In May 2004 GM delivered the world's first full-sized hybrid pickups the 1/2-ton Silverado/Sierra. These mild hybrids did not use electrical energy for propulsion like GM's later designs. In 2005 the Opel Astra diesel Hybrid concept vehicle was introduced. The 2006 Saturn Vue Green Line was the first hybrid passenger vehicle from GM and is also a mild design. GM has hinted at new hybrid technologies to be employed that will be optimized for higher speeds in freeway driving.
GM currently offers the 2-mode hybrid system used by the Chevrolet Tahoe/GMC Yukon and will later be used on the Saturn Vue (cancelled) Cadillac Escalade GM 1/2-ton pickups and possibly other vehicles.43
GM has recentlywhen introduced the Chevrolet Volt which is an electric vehicle with back-up generators powered by gasoline. The production Chevrolet Volt was available in late 2010 as a 2011 model with limited availability.44 GM delivered the first Volt during December 2010.
The GM Magic Bus is a hybrid-powered bus.45
All-electric vehicles
General Motors was the first American company (in the modern era) to release an all-electric automobile. In 1990 GM debuted the "Impact" concept car at the Los Angeles Auto Show. It was the first car with zero-emissions marketed in the US in over three decades. The Impact was eventually produced as the EV1 for the 1996 model year. It was available through dealers located in only a few regions (e.g. California Arizona Georgia). Vehicles were leased rather than sold to individuals. In 1999 GM decided to cease production of the vehicles. When the individual leases had expired they declined to renew the leases or allow the lessors to purchase them. All of the EV1s were eventually returned to General Motors and with the exception of a few which were donated to museums all were destroyed.citation needed
General Motors has announced that it is building a prototype two-seat electric vehicle with Segway. An early prototype of the Personal Urban Mobility and Accessibility vehicledubbed Project P.U.M.A. will be shown off in New York a day ahead of the press previews for the 2009 New York International Auto Show.46dated info
Battery packs for electric vehicles
GM builds battery packs in southern Michigan.44 GM also established an automotive battery laboratory in Michigan.47 GM will be responsible for battery management systems and power electronics thermal management as well as the pack assembly. An existing GM facility at Brownstown Township was chosen to be upgraded as battery pack plant.44 LG Chem's U.S. subsidiary Compact Power of Troy Michigan has been building the prototype packs for the development vehicles and will continue to provide integration support and act as a liaison for the program.
Hydrogen initiative
Sequel a fuel cell-powered vehicle from GM
GM has prided its research and prototype development of hydrogen powered vehicles44 to be produced in early 2010 using a support infrastructure still in a prototype state. The economic feasibility of the technically challenging hydrogen car and the low-cost production of hydrogen to fuel it has also been discussed by other automobile manufacturers such as Ford and Chrysler.
In June 2007 Larry Burns vice president of research and development said he's not yet willing to say exactly when hydrogen vehicles will be mass produced but he said it should happen before 2020 the year many experts have predicted. He said "I sure would be disappointed if we weren't there" before 2020.48
Flexible-fuel vehicles
GM produces several flexible-fuel vehicles that can operate on E85 ethanol fuel or gasoline or any blend of both. Since 2006 GM started featuring a bright yellow gas cap to remind drivers of the E85 capabilities49505152 and also using badging with the text "Flexfuel/E85 Ethanol" to clearly mark the car as an E85 FFV.5354
GM is the leader in E85 flex fuel vehicles with over 3 million FlexFuel vehicles on the road in the U.S. As of 2009 GM offers 18 ethanol-enabled FlexFuel cars and trucks in the US and produces more than one million new FlexFuel vehicles. GM's goal is to have half of their annual vehicle production be E85 or biodiesel capable by 2012.55
History
Main article: History of General Motors
The company was founded on September 16 1908 in Flint Michigan as a holding company for Buick then controlled by William C. Durant. At the turn of the 20th century there were fewer than 8000 automobiles in America and Durant had become a leading manufacturer of horse-drawn vehicles in Flint MI before making his foray into the automotive industry.56 GM's co-founder was Charles Stewart Mott whose carriage company was merged into Buick prior to GM's creation. Over the years Mott became the largest single stockholder in GM and spent his life with his Mott Foundation which has benefited the city of Flint his adopted home. It acquired Oldsmobile later that year. In 1909 Durant brought in Cadillac Elmore Oakland and several others. Also in 1909 GM acquired the Reliance Motor Truck Company of Owosso Michigan and the Rapid Motor Vehicle Company of Pontiac Michigan the predecessors of GMC Truck. Durant lost control of GM in 1910 to a bankers' trust because of the large amount of debt taken on in its acquisitions coupled with a collapse in new vehicle sales.
The longest-lived continuous automobile nameplate still in production is the Chevrolet Suburban
The next year Durant started the Chevrolet Motor Car Company and through this he secretly purchased a controlling interest in GM. Durant took back control of the company after one of the most dramatic proxy wars in American business history. Durant then reorganized General Motors Company into General Motors Corporation in 1916. Shortly after he again lost control this time for good after the new vehicle market collapsed. Alfred P. Sloan was picked to take charge of the corporation and led it to its post-war global dominance. This unprecedented growth of GM would last into the early 1980s when it employed 349000 workers and operated 150 assembly plants.
GM led global sales for 77 consecutive years from 1931 through 2007 longer than any other automaker. In 2008 and 2009 GM has ranked as the second largest global automaker by sales. GM is expected to retake the number one spot at the end of 2011 from Toyota.57
Chapter 11 reorganization
Main article: General Motors Chapter 11 reorganization
GM had filed for Chapter 11 reorganization on June 8 2009. On July 10 2009 General Motors emerged from Chapter 11 reorganization.5658 The Company was listed on the New York Stock Exchange and the Toronto Stock Exchange again on November 18 2010 following a US$33-a-share initial public offering of US$23 billion including preferred shares. The shareholding in the Company by the U.S. Treasury department is reduced from about 61% to about 33% including preferred shares and accounting for stock options given to former GM bondholders.5960 Disposal of such shares gave the Treasury department about US$13.6 billion in proceeds. It was previously estimated that the Treasury has to sell GM shares at an average of $43.67 a share to break even. SAIC Motor partner of GM in China and India acquired just less than 1 percent of the new GM for about $500 million.6162
Brand reorganization
Brand
Year
Markets
Buick
1903
North America China
Cadillac
1902
Global (except South America India South East Asia Australia)
GMC
1901
North America Middle East
Chevrolet
1911
Global (except Australia New Zealand)
Vauxhall
1925
United Kingdom
Opel
1929
Europe (ex. United Kingdom) Middle East/Africa Asia/Pacific South America
Holden
1948
Australia New Zealand
As part of the company reorganization the content and the structure of its brand portfolio (its brand architecture) was reorganized.63 Some nameplates like Pontiac Saturn Hummer and service brands like Goodwrench were discontinued. Others like Saab were sold.64 The practice of putting the "GM Mark of Excellence" on every car no matter what the brand was discontinued in August 2009.65 The company has moved from a corporate-endorsed hybrid brand architecture structure where GM underpinned every brand to a multiple brand corporate invisible brand architecture structure.66 The company's familiar square blue "badge" has been removed from the Web site and advertising in favor of a new subtle all-text logo treatment.63 In 2011 GM discontinued the Daewoo brand in South Korea and replaced it with the Chevrolet brand.67
Discontinued brands
Welch (19031911)
Rainier (19051911)
Welch-Marquette (see Marquette)
Cartercar (19051915)
Elmore (19091912)
Rapid Truck (19091912)
Reliance Truck (19091912)
Welch-Detroit (19101911)
Marquette (1912)
Peninsular (1912) (see Marquette)
Samson Tractor (19171922)
Scripps-Booth (19171923)
Marquette (1930)
Oakland (19091931)
Viking (19291931)
LaSalle (19271940)
McLaughlin (19181942)
Yellow Coach (19251943)
Beaumont (19661969)
Envoy (19601970)
Acadian (19621971)
Ranger (19681976)
Bedford Vehicles (19271987)
General Motors Diesel Division (19381987)
Passport (19881991)
Asna (19931995)
Geo (19891997)
Oldsmobile (18972004)
Pontiac (19262010)
Saturn (19852010)
Hummer (19982010)
GM Goodwrench (19772011)
Daewoo (19822011)
Former subsidiaries
Frigidaire (19191979) sold to Ohio-based White Consolidated Industries
Lotus (19861993) sold to Luxembourg-based A.C.B.N. Holdings S.A.
Saab (19902010) sold to Dutch sports car manufacturer Spyker Cars N.V.
Former affiliates
Fiat (20002005) GM owned 20 percent at one time with put option68
Fuji Heavy Industries manufacturer of Subaru (19992006) GM owned 20 percent at one time69
Isuzu (19712006) GM owned 49 percent at one time70
Suzuki (19812008) GM owned over 20 percent at one time71
Spin-offs
GM Defense 19502003 was once part of General Motors Diesel Division and as General Dynamics Land Systems division of General Dynamics
Electro Motive Division of General Motors was also once part of General Motors Diesel Division and now known as Electro-Motive Diesel
Detroit Diesel sold to Penske Corporation; broken up and portion sold to the former Daimler-Chrysler AG (now Daimler AG); now part of Daimler AG
Transit division was sold to Motor Coach Industries and Transportation Manufacturing Corporation
RTS and Classic bus rights owned by MCI And TMC were sold off to Nova Bus; now produced by Millennium Transit Services
Diesel Division of General Motors of Canada Limited spun off and later acquired by General Motors Canada as Diesel Division of General Motors of Canada Limited
EDS Electronic Data Systems
Hughes Electronics sold to News Corporation in 2003
1999 GM spun off its parts making operations as Delphi
See also
Automotive industry
History of General Motors
People
Daniel Akerson
David Dunbar Buick
Louis Chevrolet
John DeLorean
William C. Durant
Harley Earl
Henry Leland
Robert Lutz
Bill Mitchell
Alfred P. Sloan
Roger Smith
Rick Wagoner
Industry associations
Alliance of Automobile Manufacturers
United States Council for Automotive Research
Competitions
EcoCAR
Lists
List of GM engines
List of GM factories
List of GM platforms
List of GM transmissions
Category
GM vehicles by brand
References
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http://www.gm.com/company/corporate-officers
http://blog.cardomain.com/2009/04/09/ed-wellburn-and-the-2010-camaro/
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David Welch (March 19 2011). "GMs Ammann Pushes to Expand Lending Operations He Dismantled". Bloomberg Businessweek. http://www.businessweek.com/news/2011-03-19/gm-s-ammann-pushes-to-expand-lending-operations-he-dismantled.html.
"GM Posts First Full-Year Profit Since 2004". InsideLine. February 24 2011. http://www.insideline.com/chevrolet/gm-posts-first-full-year-profit-since-2004.html.
Kim Soyoung (June 1 2009). "Factbox General Motors Bankruptcy Filing". Reuters. http://www.reuters.com/article/idUSTRE5502VY20090601. Retrieved July 9 2009.
"EERE News: Restructured GM to Build a New Small Car in the United States". Apps1.eere.energy.gov. http://apps1.eere.energy.gov/news/newsdetail.cfm/newsid12550. Retrieved June 6 2009.
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"Going Global". The New York Times. June 4 2009. http://www.nytimes.com/imagepages/2009/06/04/business/04overseas.graf01.ready.html. Retrieved June 6 2009.
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"FAW-GM Increases Capacity Having No Plan to Introduce GMC Yet". ChinaAutoWeb.com. http://chinaautoweb.com/2010/09/faw-gm-increases-capacity-having-no-plan-to-introduce-gmc-yet/.
Wong Stephanie (April 11 2010). "GM To Introduce 25 New and Updated Models in China". Bloomberg Businessweek. http://www.businessweek.com/news/2010-04-11/gm-to-introduce-25-new-and-updated-models-in-china-update1-.html. Retrieved April 28 2010.
Blumenstein Rebecca (October 30 2007). "GM to Invest in Green Technology in China". Wall Street Journal. http://online.wsj.com/article/SB119365251905674678.html. Retrieved November 7 2010.
Christine Tierney (April 18 2011). "GM seeks to double China sales by 2015". The Detroit News. http://www.detnews.com/article/20110418/AUTO01/104180371/GM-seeks-to-double-China-sales-by-2015.
Ben Klayman (April 20 2011). "GM's Baojun lineup in China could expand quickly". http://www.reuters.com/article/2011/04/21/us-gm-china-idUKTRE73K07920110421.
Safe Kids USA. SK Buckle Up usa.safekids.org. Retrieved 24/02/08.
"197108-15 PaceNewsv6" (PDF). http://www.pacepartners.org/filespub/news2002q3.pdf. Retrieved December 4 2010.
Pace Partners. Retrieved on July 8 2009.
GM Philanthrophy.Business Week 2005. Retrieved on July 9 2009.
"Restructured GM To Build a New Small Car in the United States". United States Department of Energy. June 3 2009. http://apps1.eere.energy.gov/news/newsdetail.cfm/newsid12550.
GM Adding World's Largest Rooftop Solar Power Installation to Zaragoza Plant .GM.com (July 8 2008). Retrieved December 4 2010.
Reuters UK (July 8 2008).GM Europe puts solar roof on Spanish plant. Retrieved December 4 2010.
Guardian (July 9 2008). GM installs world's biggest rooftop solar panels. Retrieved December 4 2010.
Conklin Systems (tec@conklinsystems.com) (November 21 1952). "America's First Turbine Car". Conklinsystems.com. http://www.conklinsystems.com/firebird/mlife.php. Retrieved December 4 2010.
GM workers lobbying for less-stringent CAFE ruledead link
Higgs Tom. "Patents General Motors". October 17 2008.
a b c d Eberle Ulrich; von Helmolt Rittmar (May 14 2010). "Sustainable transportation based on electric vehicle concepts: a brief overview". Royal Society of Chemistry. http://www.rsc.org/Publishing/Journals/EE/article.aspdoic001674h. Retrieved June 8 2010.
"GM's Hybrid Propulsion System for Transit Buses". Archived from the original on May 26 2007. http://web.archive.org/web/20070526073022/http%3A//www.gm.com/company/gmability/advtech/300hybrids/indexbus.html. Retrieved May 22 2007.
Shepardson David; Priddleurl Alisa (April 7 2009). "GM To Roll Out Two-Seat Urban Electric Prototype Two-Seater Targeting City Driving To Hit 35 Miles per Hour". The Detroit News. http://www.detnews.com/apps/pbcs.dll/articleAID/20090407/AUTO01/904070332/1148/&sourcenletter-business. Retrieved June 1 2009.
"EERE News: GM to Buy Lithium-Ion Batteries Cells for the Chevy Volt from LG Chem". Apps1.eere.energy.gov. January 14 2009. http://apps1.eere.energy.gov/news/newsdetail.cfm/newsid12177. Retrieved June 1 2009.
Tom Krisher "GM steps up work on hydrogen cars" BusinessWeek. June 15 2007
Ken Thomas (May 7 2007). "'Flex-fuel' Vehicles Touted". USA Today. http://www.usatoday.com/money/autos/environment/2007-05-05-ethanolvehiclesN.htm. Retrieved September 15 2008.
Gable Christine; Gable Scott. "Yellow E85 Gas Cap". About.com: Hybrid Cars & Alt Fuels. http://alternativefuels.about.com/od/vehiclebuyingguide/ig/Alt-fuels---New-York-Auto-Show/Yellow-E85-gas-cap.htm. Retrieved September 18 2008.
Neff John (October 6 2006). "More Gas Cap News: Chrysler Going Yellow for E85". AutoBlog. http://www.autoblog.com/2006/08/10/more-gas-cap-news-chrysler-going-yellow-for-e85/. Retrieved October 8 2008.
Abuelsamid Sam (March 28 2007). "AFVI: Ford Confirms That All 2008 Police Interceptors Will be Flex-Fuel". AutobogGreen. http://www.autobloggreen.com/2007/03/28/afvi-ford-confirms-that-all-2008-police-interceptors-will-be-fl/. Retrieved October 8 2008.
Gable Christine; Gqble Scott. "2008 Chevrolet Silverado 1500 4WD LT2 Flex-Fuel Truck Test Drive". About.com: Hybrid Cars & Alt Fuels. http://alternativefuels.about.com/od/2008flexfuelreviews/fr/08SilveradoFFV2.htm. Retrieved October 3 2008.
Gable Christine; Gable Scott. "2007 Chevrolet Suburban 4WD 1500 LT test drive". About.com: Hybrid Cars & Alt Fuels. http://alternativefuels.about.com/od/flexfuelffvreviews/fr/2007Suburban2.htm. Retrieved October 3 2008.
General Motors Fuel Economy & Alternative Fuels E85 Ethanoldead link
"GM History". General Motors Company. http://www.gm.com/corporate/about/history/historyPopUp.jsp0. Retrieved February 9 2011.
Strott Elizabeth (January 21 2009). "Toyota Takes Sales Crown from GM". MSN Money (Microsoft Money). http://articles.moneycentral.msn.com/Investing/Dispatch/Toyota-takes-sales-crown-from-GM.aspx. Retrieved June 1 2009.
verification needed Stoll John D.; King Jr. Neil (July 10 2009).GM Emerges from Bankruptcy. The Wall Street Journal. Retrieved on July 10 2009.
Bill Vlasic (November 18 2010). "GM Chrysler Beef Up Lobbying Despite Government Ownership". New York Times. http://www.huffingtonpost.com/2011/01/14/gm-chrysler-lobby-strong-n809042.html.
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David Welch and Lee Spears (November 12 2010). "GM IPO Said Likely to Price at High End or Above". Bloomberg. http://www.bloomberg.com/news/2010-11-12/gm-s-ipo-said-likely-to-price-at-high-end-or-above-with-saic-seeking-stake.html.
a b "General Motors: A Reorganized Brand Architecture for a Reorganized Company " Merriam Associates Inc. Brand Strategies". Merriamassociates.com. November 22 2010. http://merriamassociates.com/2010/11/general-motors-a-reorganized-brand-architecture-for-a-reorganized-company/. Retrieved December 4 2010.
"America's Fastest-Dying Car Brands". Forbes. April 27 2009. http://www.forbes.com/2009/04/27/dying-car-brands-lifestyle-vehicles-pontiac.html. Retrieved December 4 2010.
"General Motors to remove its 'Mark of Excellence' logos from new cars - Drive On: A conversation about the cars and trucks we drive". USA Today. August 26 2009. http://content.usatoday.com/communities/driveon/post/2009/08/68497806/1. Retrieved December 4 2010.
Rob Huckels. "Approaches to Brand Architecture " Merriam Associates Inc. Brand Strategies". Merriamassociates.com. http://merriamassociates.com/2009/09/approaches-to-brand-architecture/. Retrieved December 4 2010.
"GM Korea Says Goodbye To Daewoo Hello To Chevrolet". Bernama. February 28 2011. http://www.bernama.com/bernama/v5/newsworld.phpid567096. Retrieved April 25 2011.
"Italy: Hapless Fiat Wants To Force GM Hand". United Press International. http://www.upi.com/BusinessNews/2004/12/15/Italy-Hapless-Fiat-wants-to-force-GM-hand/UPI-92961103125155/. Retrieved June 1 2009.
"GM to Sell Its Stake in Fuji Heavy Industries". Los Angeles Times. October 6 2005. http://articles.latimes.com/2005/oct/06/business/fi-gm6. Retrieved June 1 2009.
"GM Sells Isuzu Shares for $300 million to Japanese Trading Companies Bank". USA Today. April 11 2006. http://www.usatoday.com/money/autos/2006-04-11-isuzu-salex.htm. Retrieved June 1 2009.
"GM Sells Equity Stake in Suzuki". Cartype. November 17 2008. http://www.cartype.com/pages/3403/gmsellsequitystakeinsuzuki. Retrieved June 1 2009.
GM gets 60 days names Henderson CEO
GM CEO: Bankruptcy looks more probable
Further reading
Articles
"G.M.s Road From Prosperity to Crisis". The New York Times. May 31 2009. http://www.nytimes.com/interactive/2009/05/31/business/20090531GMTIMELINE.html. Retrieved June 1 2009.
Bunkley Nick (undated). "Automotive Industry Crisis". The New York Times. http://topics.nytimes.com/top/reference/timestopics/subjects/c/creditcrisis/autoindustry/index.html. Retrieved June 1 2009.
Books
Barabba Vincent P. (2004). Surviving Transformation: Lessons from GM's Surprising Turnaround. New York: Oxford University Press. ISBN 9780195171419. OCLC 474580094. http://books.google.ca/booksidVvbDYad7cLoC&lpgPP1&dqSurviving%20Transformation%3A%20Lessons%20from%20GM's%20Surprising%20Turnaround&pgPP1#vonepage&q&ftrue.
Chandler Alfred D. Jr. (1964). Giant Enterprise: Ford General Motors and the Automobile Industry. New York: Harcourt Brace & World. ISBN 9780405133497. OCLC 63017200.
Cray Ed (1980). Chrome Colossus: General Motors and Its Times. New York: McGraw-Hill. ISBN 9780070134935. OCLC 6223723.
Farber David R. (2002). Sloan Rules: Alfred P. Sloan and the Triumph of General Motors. Chicago: University of Chicago Press. ISBN 9780226238043. OCLC 49558636. http://books.google.ca/booksidCysLGUDseQAC&lpgPP1&dqSloan%20Rules%3A%20Alfred%20P.%20Sloan%20and%20the%20Triumph%20of%20General%20Motors&pgPP1#vonepage&q&ftrue.
Gustin Lawrence R. (2008) 1973. Billy Durant: Creator of General Motors. Ann Arbor: University of Michigan Press. ISBN 9780472033027. OCLC 179794253.
Halberstam David (1986). The Reckoning. A Thomas Congdon book. New York: Morrow. ISBN 9780688048389. OCLC 246158814.
Keller Maryann (1989). Rude Awakening: The Rise Fall and Struggle for Recovery of General Motors. New York: Morrow. ISBN 9780688075279. OCLC 423222597.
Kimes Beverly Rae (editor) (1989). The Standard Catalogue of American Cars 18051942 2nd edition. Iola Wisconsin: Krause Publications. ISBN 0-87341-111-0.
Leslie Stuart W. (1983). Boss Kettering. New York: Columbia University Press. ISBN 9780231056007. OCLC 8845819.
Maxton Graeme P.; Wormald John (2004). Time for a Model Change: Re-Engineering the Global Automotive Industry. Cambridge England: Cambridge University Press. ISBN 9780521837156. OCLC 54826137. http://books.google.ca/booksid3aN6rxZG2p0C&lpgPP1&dqTime%20for%20a%20Model%20Change%3A%20Re-Engineering%20the%20Global%20Automotive%20Industry&pgPP1#vonepage&q&ftrue.
Maynard Micheline (2003). The End of Detroit: How the Big Three Lost Their Grip on the American Car Market. New York: Currency/Doubleday. ISBN 9780385507691. OCLC 52623614.
Pelfrey William (2006). Billy Alfred and General Motors: The Story of Two Unique Men a Legendary Company and a Remarkable Time in American History. New York: AMACOM. ISBN 9780814408698. OCLC 61362777. http://books.google.ca/booksidHYFIiIll2eIC&lpgPP1&dqBilly%2C%20Alfred%2C%20and%20General%20Motors%3A%20The%20Story%20of%20Two%20Unique%20Men%2C%20a%20Legendary%20Company%2C%20and%20a&pgPP1#vonepage&q&ftrue.
Rae John Bell (1965). The American Automobile; A Brief History. The Chicago history of American civilization. Chicago: University of Chicago Press. OCLC 236834.
Sloan Alfred P. (1964) McDonald John ed. My Years with General Motors Garden City NY USA: Doubleday OCLC 802024 LCCN 64-011306 http://books.google.com/booksidqHJEAAAAIAAJ. Republished in 1990 with a new introduction by Peter Drucker (ISBN 978-0385042352).
Weisberger Bernard A. (1979). The Dream Maker: William C. Durant Founder of General Motors. Boston: Little Brown. ISBN 9780316928748. OCLC 5736758.
External links
Wikimedia Commons has media related to: General Motors
gm.com General Motors official website
GM wiki frozen in May of 2010 as part of GM Heritage Center website
General Motors Imagefilm (1964 Condor Films
Works about General Motors in libraries (WorldCat catalog)
v d eGeneral Motors
GM lists
GM factories GM platforms GM engines GM transmissions GM vehicles by brand
Divisions /
operating groups /
joint ventures
ACDelco Ally (4.0%) CAMI Automotive Coskata Inc. DMAX (engines) (50%) GM Financial GM Performance Division GM Powertrain Europe General Motors Amrica do Sul General Motors Canada General Motors de Mexico General Motors do Brasil General Motors India (Chevrolet Sales India Private Limited) General Motors Research Laboratories General Motors South Africa Global Hybrid Cooperation GM Components Holdings GM Goodwrench GM Service and Parts Operations GM Ventures Holden Holden New Zealand Holden Special Vehicles HRL Laboratories (50%) Isuzu Motors Polska OnStar Opel Opel Performance Center Vauxhall Motors
Former divisions
and joint ventures
Allison Engine Company (19291995) Allison Transmission (19292007) Atlantic Aircraft Dayton-Wright Company (19191923) Delco Electronics Delphi Automotive Systems (1994-1999) Detroit Diesel (19381988) DirecTV (19942003) Electro-Motive Diesel (19302004) Electronic Data Systems (19841996) Euclid Trucks (19531968) Fisher Body Fleetwood Metal Body Frigidaire (19191980) General Motors Europe (19862010) General Motors Diesel Division (19381987) General Motors Diesel (19491969) Ghandhara Industries (19531963) GM Defense (19502003) GMAC Real Estate(1998-2008) GM Truck & Bus Group (19431981) GMC Heavy Trucks Hughes Aircraft (19851997) Hughes Electronics (19851997) Hughes Network Systems (19872003) HughesNet (DirecWay/DirecPC) (19962003) Hummer (19982010) Kettering University National City Lines New United Motor Manufacturing Inc. (NUMMI; 19842009) New Venture Gear (36% 19902002) Nexteer (20092010) North American Aviation (19331948) Nuvell Financial Services (19972008) PanAmSat (19952003) Remy Electric (19181994) Rochester Products Division Terex Saturn Corporation (19852010) Terminal Taxi Cab United Australian Automobile Industries (UAAI; 19891996) Winton Motor Carriage Company Yellow Coach Manufacturing Company (19251943)
Category
v d eAutomotive marques of General Motors and those of its affiliates and former affiliates
Baojun Buick Cadillac Chevrolet GMC Holden Jiefang Opel Vauxhall Wuling
Affiliates
GM-AvtoVAZ GM Korea (70.1%) Shanghai GM (49%) SAIC-GM-Wuling (34%)
Former affiliates
Fiat (20002005; up to 20%) Isuzu (c.19712006; up to 49%) Lotus (c.19861993; up to 100%) Saab (c.19892010; up to 100%) Subaru (c.19992006; 20%) Suzuki (19852008; up to 15%)
Defunct marques
Acadian (19621971) Asna (19921995) Beaumont (19661969) Bedford Vehicles (19301986) Cartercar (19051915) Daewoo (19372011) Elmore (18931912) Geo (19891997) Hummer (19922010) LaSalle (19271940) Marquette (19291930) McLaughlin (19181942) Oakland (19071931) Oldsmobile (18972004) Passport (19881991) Pontiac (19262010) Ranger (19681976) Saturn (19852010) Scripps-Booth (19131923) Sheridan (19201921) Statesman (19711984) Viking (19291931) Yellow Coach (19251943)
v d eLate-2000s financial crisis
Late 2000s recession 2008 G-20 Washington summit APEC Peru 2008 2009 G-20 London Summit 2009 G-20 Pittsburgh summit APEC Singapore 2009 2010 G-20 Toronto summit 2010 G-20 Seoul summit
Specific issues
United States housing market correction World food price crisis Energy crisis (Central Asia) Subprime mortgage crisis (timeline List of writedowns) Automotive industry crisis 200810 California budget crisis Future of newspapers List of entities involved (Bankrupt or acquired banks Bankrupt retailers) Effects upon museums Banking revelations in Ireland Resurgence of Keynesianism January 2008 Socit Gnrale trading loss incident European sovereign debt crisis
By country (or region)
Belgium Greece Iceland Ireland Latvia Russia Spain Ukraine (Europe Africa Americas Asia Oceania)
Legislation and policy responses
Banking and finance
stability and reform
Banking (Special Provisions) Act 2008 Commercial Paper Funding Facility Emergency Economic Stabilization Act of 2008 Troubled Asset Relief Program Term Asset-Backed Securities Loan Facility Temporary Liquidity Guarantee Program 2008 United Kingdom bank rescue package 2008 East Asian meetings Obama financial regulatory reform plan of 2009 Anglo Irish Bank Corporation Act 2009 2009 G-20 London Summit Irish emergency budget 2009 National Asset Management Agency Irish budget 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act Bank stress tests: EU US
Stimulus and recovery
National fiscal policy response to the late 2000s recession Housing and Economic Recovery Act of 2008 Economic Stimulus Act of 2008 2008 Chinese economic stimulus plan 2008 European Union stimulus plan American Recovery and Reinvestment Act of 2009 Fraud Enforcement and Recovery Act of 2009 Green New Deal
Companies and banking institutions
Companies in
bankruptcy
reorganization
administration
or other insolvency
proceedings.
New Century Financial Corporation Woolworths American Freedom Mortgage American Home Mortgage Bernard L. Madoff Investment Securities LLC Charter Communications Lehman Brothers (bankruptcy) Linens 'n Things Mervyns NetBank Petters Group Worldwide Terra Securities (scandal) Rothstein Rosenfeldt Adler Sentinel Management Group Stanford Financial Group Washington Mutual Icesave Kaupthing Singer & Friedlander Yamato Life Circuit City Allco Finance Group Waterford Wedgwood Saab Automobile BearingPoint Tweeter Babcock & Brown Silicon Graphics Conquest Vacations General Growth Properties Chrysler (reorganization) Thornburg Mortgage Great Southern Group General Motors (reorganization) Eddie Bauer Nortel BI-LO (United States) Arena Football League DSB Bank CIT Group Movie Gallery Air America Radio Citadel Broadcasting Midway Games Uno Chicago Grill Tribune Company Sun-Times Media Group FairPoint Communications R. H. Donnelley Sbarro Borders Group
Government interventions rescues
and acquisitions
Northern Rock (nationalisation) Bear Stearns IndyMac Federal Bank Fannie Mae (takeover) Freddie Mac (takeover) AIG Bradford & Bingley Fortis Glitnir Hypo Real Estate Dexia CL Financial Landsbanki Kaupthing Straumur ING Group Citigroup General Motors Chrysler Royal Bank of Scotland Group Bank of America Anglo Irish Bank (nationalisation) Parex Bank Bank of Antigua ACC Capital Holdings (reorganization) U.S. Central Credit Union Bank of Ireland HBOS Allied Irish Banks
Company acquisitions
Ameriquest Mortgage Countrywide Financial Bear Stearns Alliance & Leicester Merrill Lynch Washington Mutual Derbyshire Building Society Cheshire Building Society HBOS Wachovia Sovereign Bank Barnsley Building Society Scarborough Building Society National City Corp. (details) Dunfermline Building Society
Other topics
Alleged frauds
and fraudsters
Stanford Financial Group (Allen Stanford) (Laura Pendergest-Holt) Fairfield Greenwich Group UBS Sean FitzPatrick (Anglo Irish Bank) Kazutsugi Nami (Enten controversy) Nicholas Cosmo Arthur Nadel Paul Greenwood Stephen Walsh Angelo Mozilo Barry Tannenbaum Raj Rajaratnam (Galleon Group)
Proven or admitted
frauds and fraudsters
Bernard Madoff (Ponzi scheme) (Frank DiPascali) (David G. Friehling) Satyam Computer Services (accounting scandal) (Ramalinga Raju) Marc Stuart Dreier Norman Hsu Joseph S. Forte Du Jun Scott W. Rothstein Tom Petters
Related entities
Federal Deposit Insurance Corporation Federal Reserve System Federal Housing Administration Federal Housing Finance Agency Federal Housing Finance Board Government National Mortgage Association Office of Federal Housing Enterprise Oversight Office of Financial Stability UK Financial Investments Limited United States Consumer Financial Protection Bureau Federal Home Loan Banks
Securities involved
and financial markets
Auction rate securities Collateralized debt obligations Collateralized mortgage obligations Credit default swaps Mortgage-backed securities Secondary mortgage market
Related topics
Bailout Bank run 2009 California college tuition hike protests Credit crunch Dot-com bubble Economic bubble Financial contagion Financial crisis Great Depression 2008 Greek riots 2009 Icelandic financial crisis protests Interbank lending market Jon Stewart's 2009 criticism of CNBC Liquidity crisis Capitalism: A Love Story 2009 May Day protests 20102011 Greek protests 2010 French pension reform strikes 2010 UK student protests 20102011 Middle East and North Africa protests PIIGS Tea Party protests Inside Job (film) 2011 United States public employee protests
What's On: AIG's Benmosche, Apple and Berkshire Hathaway
See what's happening, who's talking and what will be making headlines on Tuesday's Squawk on the Street.
See what's happening, who's talking and what will be making headlines on Tuesday's Squawk on the Street.




















