Gm Financial Report Analysis

Introduction

General Motors Corp. (NYSE: GM), the world's largest automaker, has been the global industry sales leader for 76 years. General Motors was founded 1908, in Flint, Michigan and currently employs approximately 284,000 people around the world. GM's global headquarters is the Renaissance Center located in Detroit, Michigan, USA, They currently manufacture their cars and trucks in 35 different countries. Its European headquarters are based in Zurich, Switzerland, and its Holden headquarters are located in Melbourne, Victoria, Australia. In 2007, 9.37 million GM cars and trucks were produced globally under the following 12 brands: Buick, Cadillac, Chevrolet, GM Daewoo, GMC, Holden, Hummer, Opel, Pontiac, Saab, Saturn and Vauxhall. GM is also the majority shareholder in GM Daewoo Auto & Technology Co. of South Korea and has had much collaboration with the world's various automakers. This includes product, power train and purchasing collaborations with Suzuki Motor Corp. and Isuzu Motors Ltd. of Japan, advanced technology collaborations with Toyota Corporation and DaimlerChrysler AG and BMW AG of Germany and vehicle manufacturing ventures with several of the world's automakers including Toyota, Suzuki, Shanghai Automotive Industry Corp. of China, AvtoVAZ of Russia, Renault SA of France, and most recently, UzAvtosanoa of Uzbekistan. GM also had collaborations with Fiat S.P.A (see GM/Fiat Premium platform) and Ford Motor Company. To this day, GM retains various stakes in many different automakers.

GM parts and accessories are sold under GM Performance Parts, GM Good wrench and ACDelco brands through GM Service and Parts Operations which supplies GM dealerships and distributors worldwide. GM engines and transmissions are ...

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...d 0.8 billions cash in hand. Meantime, GM was also selling the 20.2% shock share of SUZUKI and the holding shock holder of GMAC. However, due to the economic of USA was recessionary, and the American sub-prime debit crisis also the global over-heating of economic and inflation of developed countries incurred GM can not sustain in the rough economical environmental. GM now is getting into a heavy debt crisis which cannot take of by the company which had resplendence history ever before.

Reference

Hoggett, J., Edwards, L., Medlin, J. (2008). Accounting, 6th Edition. John Wiley & Sons Australia Limited.

Wikipedia, the free encyclopedia, (2003). General Motors. From Wikipedia, the free encyclopedia Retrieved May 10, 2008 from the Web:

History, Corporate Information, Retrieved May 10, 2008, from the World Wide Web: < http://www.gm.com/corporate/about/history/>