Paper Topic:

General motors

General Motors

Introduction

The GM Company dates back to as early as 1908 , founded by William C Durant who was able to bring into the company several major companies which gave rise to its overall sales performance . However , after a couple of years , its profits slowed down , bringing the GM down with huge debts . Consequently , Durant the bankers ousted Durant from their list until , in 1916 , he was able to found another company that manufactured Chevrolet , and subsequently incorporated the GM into the General Motors Corporation . The company has gone through

several highs and lows from then on , but had been able to maintain its reputation as one of America 's auto industry leaders , employing about 244 ,500 people in every major region of the globe , selling and servicing vehicles in about 140 countries . Internationally well-known brands manufactured by GM include Buick , Cadillac , Chevrolet , GMC , GM Daewoo , Holden , HUMMER , Opel , and Pontiac , among others , with the United States as its major market followed by China , Brazil , UK , Canada , Russia and Germany . Reckoned as one of the major auto manufacturers , GM reports to have sold 8 .35 million cars in 2008

GM in Crisis

Demographic Factors

GM 's fifty millionth car was produced in 1954 , signifying the company 's well-being despite the challenges it faced at the beginning . In the early 1979 , GM was the largest private employer in the US , with about 618 ,365 employees across the US . It was , however , a bad timing because in that same decade , there...

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