General Motors: Overview
The General Motors Corporation (GM or GMC) was first established within the United States in 1908 and has now grown into one of the largest international and transnational car producer in the world. In fact, in the current year of 2008, the GMC is employing a huge number of employees accounting to nearly 266,000 people globally while being ranked nine on the Fortune's Global 500 list. The GMC is second in both regards only to the Toyota Motors that maintains the number five on the Fortune's Global 500 and employs a total account of 316,000 people.Currently the expanse or coverage of GMC and its manufactured cars spreads across 35 different countries and over a dozen different brands. Some of the brands that are associated with the GMC include the likes of: GMC Holden, Wuling, Hummer, Pontiac, Buick, Saturn, Cadillac, GM Daewoo, Opel, Chevrolet, Saab and Vauxhall. Furthermore, the over GMC financial policy is so strong that even when the corporation lost a total of 4 cents for every share last year, accounting to over US$ 23 million, it was still able to have an equal year-end balance sheet. This they were able to do so by ordering cash of a total US$ 38.3 billion in the form of noncash charge in the 2nd half of th
This gave them at least US$ 68 for each share owned. The GMC was the first to design the V6 engine type early in 1960 to improve the overall fuel efficiency and usage. com review the GMC official site (www. Apart from having such a rough corporate history, where the management's power struggle left GMC's reputation to be built anew again and again, the company is also reputed to have numerous internal labor strikes and protests. The GMC is hopeful of launching a practically useful prototype of the electronic cars by the end of 2011. Some of the electronically driven prototypes for cars available from the GMC include: Saturn Vue Green Line Hybrid, Saturn Aura Green Line Hybrid, GMC Yukon Hybrid, Chevrolet Malibu Hybrid, Chevrolet Tahoe Hybrid and Cadillac Escalade Hybrid (Bensinger and Green, 2008). This they claimed was to fulfill the money owed for the delayed taxes. The CAW constituents raged a two-week strike against the violation of one of the promises made in the modified contract. The protest and strike led to negotiations between the GM administrators and the CAW union which resulted in the promise by the GMC administrators of reimbursements for all employees at the Oshawa plant. The overall promotional efforts of the GMC to produce practically used electronic cars has resulted in their overall sales being at an all-time high of 843 hybrids in the first half of 2008 alone. Business ConfigurationThe business design and expanse that has been able to sustain and bring GMC a high level of profit over the years can be broken down into the following sectors:GMAP - Asia-Pacific GME - Europe GM LAAM - Latin America, Africa and the Middle East GMNA - North America GMAC Finance and insurance services SPO Service, Parts and Operations Other Operations Hybrid InitiativeWith the energy crisis being such a burning in the automobile industry, the GMC is also structuring numerous polices whereby they can produce and promote fuel-efficient and hybrid vehicles. It introduced the Saturn with a moderately modern yet simple design and carried that forward into the designs of the GMC Yukon, the Saturn Aura, and a new Saturn Vue introduced in the year 2007 as other hybrid vehicles. However, the GMC continued in its efforts to find alternative fuel sources and in doing so joined forces with the Sunraycer that had won the World Solar Challenge (Maxton and Wormald, 2004).
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