37 Followers USX:GM - General Motors Co General Motors Company
Sector: Consumer Discretionary, Industry: Automobile Manufacturers
Next Earnings: 23 Apr 2024
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USD 44.59    +0.59 (+1.34%)

27 Mar 2024


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General

CEO: Ms. Mary T. Barra

IPO: 2010-11-18

Headquarters: US

Employees: 163,000

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Description

General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under four segments: GM North America, GM International, Cruise, and GM Financial. The United States now has four brands instead of eight under old GM. The company regained its U.S. market share leader crown in 2022, after losing it to Toyota due to the chip shortage in 2021. 2023's share was 16.5%. GM's Cruise autonomous vehicle arm has previously done driverless geofenced AV robotaxi services in San Francisco and other cities but stopped in late 2023 after an accident. It should restart in at least one city in 2024. GM owns over 80% of Cruise. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.

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