G.M Motors Brian Chung Maria Teresa

 The world’s largest car manufacturer( )  Founded by William Durant in 1902  Annual global industry sales leader for 76 years( )  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  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