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General Motors Co.

General Motors Co.

Sector: Motor Vehicles And Passenger Car Bodies Region: MI, United States


: | New York Stock Exchange: GM.WTB | New York Stock Exchange: GM.WTA | New York Stock Exchange: GM | New York Stock Exchange: GM.WTC


Similar to: Toyota Motor Corp.

General Motors Co. is an automobile company, which develops, manufactures and markets cars, trucks and parts worldwide. The company operates through the following automotive segments: GM North America, GM Europe, GM International Operations and GM South America. The GM North America segment sells vehicles under the brands Chevrolet, GMC, Buick and Cadillac with sales, manufacturing and distribution operations in the U.S., Canada and Mexico and distribution operations in Central America and the Caribbean. The GM Europe segment sells vehicles under the brands Opel, Vauxhall and Chevrolet with sales, manufacturing and distribution operations across Western and Central Europe. The GM International Operations segment sells vehicles under the brands Buick, Cadillac, Chevrolet, Daewoo, FAW, GMC, Holden, Isuzu, Jiefang, Opel and Wuling brands with sales, manufacturing and distribution operations in Asia-Pacific, Russia, the Commonwealth of Independent States, Eastern Europe, Africa and the Middle East. The GM South America segment sells vehicles under the brands Chevrolet, Suzuki and Isuzu with sales, manufacturing and distribution operations in Brazil, Argentina, Colombia, Ecuador and Venezuela. It also provides automotive financing services through its subsidiary, General Motors Financial Co., Inc. (GM Financial). It finances its loan origination volume through the use of credit facilities and securitization trusts that issue asset-backed securities to investors. GM Financial specializes in purchasing retail automobile installment sales contracts originated by GM and non-GM franchised and select independent dealers in connection with the sale of used and new automobiles. GM Financial also offers lease products through GM dealerships in connection with the sale of used and new automobiles that target customers with sub-prime and prime credit bureau scores. The firm sells vehicles to its dealers for consumer retail sales and also sells cars and trucks to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. It sells vehicles to fleet customers directly or through its network of dealers. The company offers a wide range of after sale vehicle services and products through its dealer network, such as maintenance, light repairs, collision repairs, vehicle accessories and extended service warranties to retail and fleet customers. General Motors was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.

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General Motors Sustainability: Caring About a Cleaner World - Jasper Jung - Faces of GM

Jasper Jung says he learned to swim before he learned to walk and that connection to the water led him to be passionate about the environment. The senior analyst with the GM sustainability team tells us the work that has gone into this year's Sustainability Report and why he's proud of it.

General Motors Co. video

General Motors Sustainability: Caring About a Cleaner World - Jasper Jung - Faces of GM

General Motors Co. video

Buick Encore Launches at the Top of Its Class- Jim Federico - Faces of GM

General Motors Co. video

GM CEO Dan Akerson Says That Mitt Romney's Position on the Auto Bailout "Very Short-Sighted"

Executives

Daniel F. Akerson, Chairman and Chief Executive Officer
Daniel F. Akerson is chairman and chief executive officer of General Motors. He joined the company in July, 2009 as a member of the Board of Directors.
Akerson and his team have moved quickly to reestablish GM as one of the world’s largest automakers and a lynchpin of manufacturing after the company emerged from bankruptcy in July, 2009 during a period of deep global recession.
Under Akerson’s leadership, GM has taken critical steps to transform the company by launching a $23 billion IPO—the largest in history—establishing consistent profitability, gaining market share, improving product quality, investing in manufacturing and job creation, and generating impressive global growth. GM holds a leadership position in the world’s two biggest growth markets, Brazil-Russia-India-China (BRIC) and North America.
Akerson has accelerated GM’s efforts to improve the fuel efficiency of its vehicles. GM today has the best line-up of fuel-efficient vehicles in its history, including the Chevrolet Sonic and Cruze Eco, and the Buick Verano and LaCrosse with eAssist technology. GM is pushing to lead in advanced technology and vehicle electrification with products like the Chevrolet Volt, Opel Ampera and an electric version of the Chevrolet Spark.
Prior to joining GM, Akerson was a managing director and head of global buyout for The Carlyle Group in Washington, D.C. In this position, Akerson managed more than $50 billion in assets and more than 200 portfolio companies with several hundred thousand employees around the world. He was instrumental in helping Carlyle achieve 30 percent gross internal rates of returns in the firm’s corporate private equity business.
Akerson also served as CEO or president of several telecommunications and technology companies, including MCI, Nextel Communications, XO Communication and General Instrument, through periods of explosive growth and dynamic change. Under Akerson’s leadership as chief financial officer and president, MCI doubled its market share.
A graduate of the U.S. Naval Academy with a bachelor of science in engineering, Akerson earned a master’s of science degree in economics from the London School of Economics.
Akerson serves on the Boards of the U.S. Naval Academy Foundation, the Tsinghua University School and Economics and Management Advisory Board, the International Business Leaders Advisory Council of Shanghai, and is a member of the Business Council. He received the T.C. and Elizabeth Cooke Business Medallion from the College of William & Mary in 2004. In addition, he has been honored by the U.S. Naval Academy with the 2012 Distinguished Graduate Award for his lifetime commitment to service, personal character and distinguished contributions to our nation.
He co-chaired the “Leaders to Serve the Nation” capital campaign, which raised a record $254 million for the U.S. Naval Academy. Akerson chairs his family’s Blue Earth Foundation, which is dedicated to providing financial assistance to programs serving young people. In 2011, he was named “Humanitarian of the Year” by So Others Might Eat (SOME) which serves the Washington, D.C. metropolitan area.
Daniel Ammann, Senior Vice President & Chief Financial Officer
Dan Ammann was named GM Senior Vice President & Chief Financial Officer in April 2011 and leads GM's financial and accounting operations on a global basis. Previously, he served as Vice President Finance and Treasurer since April 2010. He was appointed to the Opel Supervisory Board in November 2011.
Before joining GM, Ammann was managing director and head of Industrial Investment Banking for Morgan Stanley, a position he held since 2004. During his 11 years at Morgan Stanley, he was instrumental in many high profile assignments spanning mergers, acquisitions, raising capital and restructuring; including advising GM during its 2009 restructuring. Ammann also spent five years at Credit Suisse in New York and New Zealand.
Ammann, a native of New Zealand, was born on April 15, 1972. He holds a Bachelor of Management Studies (First Class Honours) in Economics and Finance from the University of Waikato in New Zealand.
Michael P. Millikin, Senior Vice President and General Counsel
Michael P. Millikin is Senior Vice President and General Counsel of General Motors Company and a member of the Supervisory Board of GM's German subsidiary, Adam Opel AG.
Millikin joined the General Motors Legal Staff in 1977 where he has since held a variety of positions. In 1981, he became part of GM's overseas legal matters practice area, where he served until 1987 when named the head of GM's in-house litigation practice area. In 1995, with the consolidation of the GM Legal Staff's litigation functions, Millikin was given responsibility for GM's litigation practice area. In September 1997, he moved to Zurich, Switzerland, and was named Vice President and General Counsel of General Motors International Operations (GMIO), a member of the GMIO Strategy Board, as well as Vice President and General Counsel of General Motors Europe and a member of its Strategy Board. He was first named to the Adam Opel Supervisory Board in 1998. In June 2000, Millikin returned to GM's headquarters in Detroit, Michigan, to coordinate the delivery of legal services to GM's global operations. He became a member of the Board of Directors of GM’s Korean subsidiary, GM Korea, formerly GM Daewoo Auto and Technology Company (GMDAT), in October 2002, and served until December 2011. He was named GM's Associate General Counsel in June 2005. He was named Vice President and General Counsel of General Motors Company in July 2009, and promoted to Senior Vice President and General Counsel in February 2011.
Millikin was born in Battle Creek, Michigan, on August 18, 1948. He received his bachelor of science degree from Michigan State University in 1970 and his juris doctor degree in 1973 from Washington University School of Law and was named to the Order of the Coif, a national legal honorary society. Upon graduation, Millikin clerked for Judge Vincent J. Brennan of the Michigan Court of Appeals. In 1975, he was appointed an Assistant United States Attorney in the United States Attorney's Office in Detroit, Michigan, where he served as a criminal prosecutor for the U.S. government, concentrating on the prosecution of narcotics and narcotics conspiracy cases.

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