General Motors
General Motors Company (GM) is an American multinational automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing four automobile brands: Chevrolet, GMC, Cadillac, and Buick. By terms of sales, it was the largest automaker in the United States in 2022, and was the largest in the world for 77 years before losing the top spot to Toyota in 2008.
Some of the key events about General Motors
- 1908Founded as a holding company for Buick and rapidly acquired other automobile manufacturers
- 1911Introduced the electric self-starter, making cars easier and safer to operate
- 1918Acquired the Chevrolet Motor Company, expanding its market reach
- 1925Established General Motors Overseas Operations to expand internationally
- 1936Suppressed a major sit-down strike at its Flint, Michigan plant
- 1940Became the first company to produce over 25 million vehicles
- 1949Convicted of conspiring to monopolize the sale of buses and supplies to National City Lines
- 1953Introduced the first American sports car, the Chevrolet Corvette
- 1962Launched the Pontiac GTO, credited with starting the muscle car era
- 1965Faced criticism for the unsafe design of the Chevrolet Corvair
- 1970Accused of installing faulty engine mounts in several car models
- 1974Introduced the catalytic converter on all US cars, reducing harmful emissions
- 1980Closed multiple plants, resulting in massive job losses
- 1992Closed its Willow Run assembly plant, impacting thousands of workers
- 1996Launched the EV1, one of the first mass-produced electric vehicles
- 2004Ended production of the EV1 electric car, disappointing environmentalists
- 2009Filed for Chapter 11 bankruptcy protection during the financial crisis
- 2010Completed the largest initial public offering (IPO) in U.S. history at the time
- 2014Recalled millions of vehicles due to a faulty ignition switch linked to numerous deaths
- 2019Closed several North American plants, leading to significant job cuts
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