General Motors stock, GM stock quotes on the stock exchange

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ISIN code: US37045V1008
Sector: Durable consumer goods
Industry: Motor vehicles

Le actions of General Motors are listed on the NYSE index under the ticker GM.

View the stock's NYSE listing history

Company Description

General Motor Corporation o GM, is an American automobile manufacturing company. The company's headquarters are in Detroit.

GM is the largest American automaker and one of the largest in the world. At its peak, between 1931 and 2007, it had a 50% market share in the United States and was the largest automaker in the world. In 2016, it managed to sell over 10 million vehicles.
In 2021, GM was ranked No. 22 in the Fortune500 of the largest US companies by total revenue.

I brands of the group are:

• Cadillac
• Chevrolet
• Buick
• GMC
• Holden
• GM Korea
• ACDelco
• Allison transmission
• General Motors Electro-Motive Division

In addition to automobiles, the Chevrolet and GMC divisions also produce trucks while the General Motors Electro-Motive Division produces electric and diesel locomotives.
Chevrolet, Buick, GMC e Cadillac are the main and most famous brands of the group.
Owns or holds a significant stake in foreign brands such as wuling, Baojun e Jiefang.

General Motors operates in more than 140 countries worldwide and employs approximately 155.000 people. Outside the American borders it operates through wholly owned subsidiaries while in China it is present through ten joint ventures.

The company is divided into four operational areas: GM North America (GMNA), GM International Operations (GMIO), Cruise and GM Financial.

It also has a mobility division called Maven, which operates car sharing services in the United States. GM Defense it is instead the military defense division of General Motors, which develops systems and technologies for military vehicles.

In 2009, General Motors has filed for bankruptcy due to the financial crisis becoming largely owned by the US government e closing several brands such as Saturn, Pontiac and Hummer. Later it was removed from Dow Jones Industrial Average (DJIA) listings and the old GM stock was retired. The company was reorganized and in 2010 it was relaunched on the stock market with an initial public offering that was one of the five largest IPOs in the world to date. This has led GM to be profitable again.

The new General Motors has been publicly traded again since 2010 on the NYSE New York.

I main shareholders, as of June 2021, are:

• Blackrock Inc., 7,73%
• Vanguard Group, 6,66%
• Capital Research Global Investors, 6,64%
• Capital World Investors, 5,65%
• Berkshire Hathaway, Inc., 4,13%
• State Street Corporation, 3,73%
• Harris Associates L.P., 2,40%
• FMR LLC, 2,26%
• Invesco Ltd., 2,19%
• Geode Capital Management, LLC, 1,39%

I major private shareholders are executives or former members of the company. Among these we find:

• Mary Barra, the group's CEO and the first woman worldwide to hold such a position in an automotive industry, is the individual shareholder with the largest shares. You own 3.703.390 General Motors shares
• Mark Reuss, the chairman of GM, has 203,934 shares in the company.
• Dan Ammann, current CEO of Cruise, and former Chairman of General Motors between 2015 and 2019, owns 195,228 shares.

In 2020, revenue was $122.485 billion with net income of $6.427 billion.

Most of its earnings come from the sale of motor vehicles (96,9%) while the remainder from the offer of financial services. More than half of its revenues (61,6%) are made in the USA.

Economic and financial analysis of the company

General Motors was founded in 1908 by William C Durant as a Buick holding company. During the same year it acquires the Oldsmobile.
In 1909 Durant brought the brands to GM Cadillacs, Elmores and Oaklands.

In 1919 Durant personally invested in Guardian Refrigerator Company and changed the name to it Fridge. The company thus came under the control of GM. Frigidarie is responsible for the creation of the first refrigerator. Frigidaire was sold to White Sewing Machine Company in 1979, which in turn, in 1986, was acquired by Electrolux.

The is founded General Motors Acceptance Corporation (GMAC) to provide financing to automotive customers.

Between the twenties and thirties, General Motors acquires the bus company yellow coach and helps create the Greyhound lines. In 1930 he bought the motor carriage builder Electro-Motive Corporation and its engine supplier, the Winton Engine renaming them General Motors Electro-Motive Division.

In 1931 in Europe completes the acquisition of the German brand Opel (Vauxhall in Great Britain) for the sum at the time of 33,352 million dollars (about 483 million euros at the current valuation).

In the 1932 he founded the United Cities Motor Transit.

During the Second World War the production is converted to produce weapons.

In 1955 it became the first American company to exceed one billion dollars in turnover in one year. Over the years General Motors becomes the largest company in the United States, both in terms of revenue and as a percentage of GDP.

In 1984 buy the Electronic Data Systems for 2.5 billion dollars. In 1996 GM spun off the company into an independent company.

In 1990 General Motors bought 51% of the shares of Saab Automobile AB for 600 million dollars. In 2000 the complete acquisition of the brand will be finalized.

In 2003 it acquired the Delta in South Africa which will become a subsidiary of General Motors South Africa.

In 2005 GM sells the Electro-Motive Division to the Greenbriar Equity Group LLC and Berkshire Partners.

In the XNUMXs, GM enters a serious crisis.
In 2004, the Oldsmobile brand was closed.
In 2005 the rating agency Standard & Poor's lowers GM's rating to junk stock level.
The risk of bankruptcy leads GM begins to sell shares in various companies: the shares in are sold Subaru, Isuzu and Suzuki.

General Motors declares bankruptcy on June 1, 2009. The company passes under the controlled administration of the United States Government which invests huge resources to revive the company. GM is reorganized and resources are focused on the four main brands: Chevrolet, Cadillac, Buick and GMC. The Pontiac, Saturn and Hammer brands are closed and the SAAB brand is sold to the Dutch group Spyker Cars.
In 2010, after being delisted from the Stock Exchange the previous year, GM returned to being listed on the NYSE.

The Treasury also invested to save GMAC which in May 2010 was renamed Ally Financial.

The GM bailout saved 1.200.000 jobs and saved nearly $35 billion in tax revenue.

On 6 March 2017, the Opel and Vauxhall brands are sold to the French automotive group PSA Peugeot Citroën for 2,2 billion euros ending GM's presence in Europe.

In 2020, the almost exit from the Oceania market is announced, with the closure of the brand Holden by 2021. It remains present with the brand “GMSV”, or General Motors Special Vehicles which distributes imported vehicles.