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