Presentation on theme: "G.M Motors Brian Chung Maria Teresa. The world’s largest car manufacturer(1926- 2006) Founded by William Durant in 1902 Annual global industry sales."— Presentation transcript:
The world’s largest car manufacturer(1926- 2006) Founded by William Durant in 1902 Annual global industry sales leader for 76 years(1926-2002) Total Asset-2.7 billion Total Sales-1.7 billion
Employs 200k Sold 9 million cars in 2006 Located in Detroit, Michigan and Russelsheim, Germany C.E.O- Dan Akerson Vice Chairman- Thomas Stephens Chirstopher Liddell
America was hit by a power recession in 1920’ Stylish colors, features and became the new motto of the company. The public could buy a car on credit in 1940’ The five brands of GM- Pontiac, Buick, Oldsmobile, Cadillac and Chevrolet began to sales strongly.
2005 G.M has been financial problems 2005- G.M booking $4 billion loss 30,000 employees were laid off 12 plants were closed down June,1,2006 G.M files Chapter 11. The biggest industrial bankruptcy in history
Your consent to our cookies if you continue to use this website.