About General Motors
General Motors Company commonly known as GM, formerly incorporated (until 2009) as General Motors Corporation, is an American multinational automotive corporation headquartered in Detroit, Michigan and the world’s largest automaker, by vehicle unit sales, in 2011.
GM employs 202,000 people and does business in some 157 countries. General Motors produces cars and trucks in 31 countries, and sells and services these vehicles through the following divisions/brands: Buick, Cadillac, Chevrolet, GMC, Opel, Vauxhall, and Holden, as well as two joint ventures in China, Shanghai GM and SAIC-GM-Wuling Automobile. GM’s OnStar subsidiary provides vehicle safety, security and information services.
In 2009, the firm filed for Chapter 11 bankruptcy protection and received a $50 billion bailout from President Barack Obama’s administration. Later it emerged from bankruptcy, with an initial public offering that was one of the world’s top 5 largest IPOs to date. GM has reported significant profits, posting a record annual profit in 2011.