General Motors is the world's largest automaker, designing, manufacturing and selling a variety of cars and trucks around the world. In 2001, General Motors achieved sales of US$177.3 billion and profits of US$1.5 billion. General Motors has 362,000 employees worldwide.
General Motors' vision is to become a global leader in transportation products and related services. GM is committed to earning customer enthusiasm through continuous improvement through GM employees who uphold integrity, teamwork and innovation.
General Motors was founded in 1908 and its automobile products are sold in more than 200 countries. General Motors has established assembly, manufacturing, distribution and warehousing operations in more than 30 countries. In 2001, General Motors sold 8.5 million cars and trucks, accounting for more than 15% of the global auto market, more than any other automaker.
General Motors' main markets include North America, Europe, Asia-Pacific, Latin America, Africa and the Middle East, the largest of which is the North American market. General Motors has been a global automotive leader since 1931. General Motors' car and truck brands include Cadillac, Chevrolet, Buick, GMC, Holden, Hummer, Oldsmobile, Opel, Pontiac, Saab, Saturn, and Vauxhall.
General Motors has invested heavily in equipping its global automotive operations with cutting-edge science and technology and e-commerce capabilities, and has implemented e-GM, BuyPower, OnStar and other Hughes Electronics Corporation subsidiary and many other strategies. At the same time, General Motors also owns General Motors Capital Corporation, one of the world's most successful financial institutions. Other major subsidiaries include General Motors Locomotive and Allison Transmission.
As part of its global strategy, General Motors has become strategic partners with Fiat Automobile Co., Ltd., Fuji Heavy Industries Co., Ltd., Japan's Suzuki Motor Co., Ltd., and Japan's Isuzu Motors Co., Ltd. In addition, GM also carries out technical cooperation with Toyota Motor Corporation and Honda Motor Company.
In the Asia-Pacific region, General Motors continues to lay a solid foundation for its business growth through strategies such as expanding manufacturing operations, strengthening strategic alliances, and designing automotive products specifically for local market needs. The joint ventures Shanghai General Motors Co., Ltd. and Jinbei General Motors Co., Ltd. in China were officially put into production in 1999 and 2001 respectively. Another modern factory located in Rayong Province, Thailand, started producing Opel/Chevrolet Zafira station wagons in May 2000.
As a wholly owned subsidiary of General Motors Corporation, General Motors Capital Corporation provides a variety of financial services under the unified banner of GMAC Financial Services. In addition to its car loan business, its main businesses include insurance, mortgage financing and company-to-company financing. Founded in 1919, General Motors Capital has 27,000 employees in 36 countries and has expanded credit to $1 trillion, providing credit services to 146 million cars and trucks.