General Motors Fast Facts

Here's a look at General Motors, one of the Big Three US au...

Posted: Jan 14, 2019 8:29 PM
Updated: Jan 14, 2019 8:29 PM

Here's a look at General Motors, one of the Big Three US automakers.

Facts:
Major GM automobile brands in the United States are Buick, Cadillac, Chevrolet and GMC.

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Domestic and international subsidiaries at one time included Oldsmobile, Pontiac, Hummer, Saturn and Saab.

GM is one of the largest vehicle manufacturers and marketers in the world, with operations on six continents.

2014 was an epic year of recalls for GM, which cost the company $4.1 billion in repair costs, victim compensation and other expenses.

GM is headquartered in Detroit.

Timeline:
September 16, 1908 - General Motors Company is founded under the leadership of William Durant. The new company brings together several car companies, including Buick. Olds Motor Works (Oldsmobile) is bought by GM later in 1908.

1908 - General Motors acquires the Rapid Motor Vehicle Company, a truck company. It later evolves into GMC.

1909 - GM acquires Cadillac Motor and Oakland Motor Car Company (later renamed Pontiac).

1910 - When the company has financial difficulties, Durant is ousted.

1911 - Durant co-founds Chevrolet Motor Company.

1915 - Durant becomes GM's largest shareholder.

1916 - Durant returns as president of GM.

1918 - Chevrolet becomes a division of GM.

1918 - GM joins the war effort during World War I, retooling 90% of the GMC truck production line for military use. More than 8,500 trucks are sold to the US Army for use in the war.

1920 - With GM on the verge of bankruptcy, Durant retires as president. He starts another car company, Durant Motors, but loses his fortune in the 1929 stock market crash. Durant lives until 1947, surviving on a pension from GM.

1923-1956 - Alfred P. Sloan Jr. serves as president and later chief executive of GM.

1925 - General Motors expands internationally by purchasing Vauxhall Motors, a British company.

1929 - GM takes a majority stake in German car maker Adam Opel AG. During World War II, the German government nationalizes Opel, but GM regains control after the war ends.

1936-1937 - A drawn-out strike at GM plants leads the company to sign its first agreement with the United Auto Workers labor union.

1942-1945 - GM produces vehicles and weapons for use by the US military during World War II.

1954 - General Motors accounts for 54% of the auto market in the United States, up from 12% in 1921.

1965 - Activist Ralph Nader publishes "Unsafe at Any Speed" with a section critical of the Chevrolet Corvair. GM hires detectives to investigate Nader. Later GM's president is forced to publicly apologize and pay Nader $425,000 to settle a lawsuit.

1980 - GM reports a net loss of more than $700 million, its first unprofitable year since 1921.

1980-1990 - GM's share of the US market falls from 45% to 35%.

1984 - GM purchases Electronic Data Systems Corporation, started by Ross Perot, for $2.5 billion.

1998 - A 54-day strike by the United Auto Workers (UAW) union costs GM approximately $2 billion in profits.

2008 - GM announces that it lost $38.7 billion in 2007, a record loss for the company.

November 18-19, 2008 - GM CEO Rick Wagoner and the CEOs of Ford and Chrysler appear before Congress to request $25 billion in government assistance for the automobile industry.

December 2008 - GM receives a bailout of $13.4 billion from the US Treasury, through the Troubled Asset Relief Program (TARP).

March 30, 2009 - CEO Rick Wagoner announces that he is resigning at the request of the Obama administration.

April-May 2009 - General Motors receives another $6 billion in bailouts from TARP.

May 29, 2009 - GM stock closes at less than $1 a share for first time since the Great Depression.

June 1, 2009 - GM files for bankruptcy. It receives another $30 billion in government funding to assist with restructuring. After bankruptcy, the company will be 60.8% owned by the US government, 11.7% by the Canadian government, 17.5% by the UAW union and unsecured bondholders will have a 10% share.

July 10, 2009 - General Motors emerges from bankruptcy after 39 days. It is now known as General Motors Company instead of General Motors Corporation.

December 1, 2009 - CEO Fritz Henderson resigns after less than a year in the position.

January 25, 2010 - Chairman Edward Whitacre Jr. is named CEO of General Motors.

April 7, 2010 - GM announces that the company lost $3.4 billion in the fourth quarter of 2009.

August 12, 2010 - CEO Ed Whitacre announces that he will be stepping down on September 1, 2010.

November 18, 2010 - GM raises $20 billion with its initial public offering at $33 a share.

February 24, 2011 - GM announces that the company made $4.7 billion in 2010, its first profit since 2004.

January 19, 2012 - GM is officially the top automobile manufacturer in the world. Nine million vehicles sold in 2011 helped to make it the largest automaker in China also.

December 9, 2013 - The US Treasury sells its remaining shares of GM stock, closing the book on the 2009 bailout. The United States only recouped about $39 billion of the approximately $50 billion it put into GM.

December 10, 2013 - Mary Barra is named the first female CEO of GM.

February 14, 2014 - GM recalls 780,000 vehicles due to faulty ignition.

February 26, 2014 - GM expands a recall of compact cars to 1.37 million vehicles built between 2003 and 2007, due to possible ignition problems. Thirteen people have died in accidents.

March 28, 2014 - The recall of GM vehicles with ignition issues is expanded to 2.6 million vehicles.

March 31, 2014 - GM recalls 1.3 million vehicles due to a power steering issue.

May 15, 2014 - GM announces it is recalling another 3 million vehicles worldwide, and that it will take a $200 million charge for those repairs. The bulk of the latest recall applies to 2.4 million cars with a wiring problem that's been tied to at least 13 accidents, two injuries and no deaths.

May 16, 2014 - The National Highway Traffic Safety Administration (NHTSA) fines GM $35 million to settle a federal probe into the 10-year delay of its ignition switch recall. This is the maximum fine for a single violation. The money from the fine goes to the US Treasury, not to compensate crash victims. A separate FBI investigation is still underway.

May 20, 2014 - GM recalls another 2.4 million US cars and trucks. Spokesman Alan Adler says that no injuries or deaths are associated the recalls.

May 22, 2014 - CNN reports a total of 29 separate GM recalls since January 2014 covering 13.8 million US cars and trucks, and 15.8 million vehicles worldwide.

June 5, 2014 - GM releases the results of an internal probe relating to delayed recalls and the deaths of at least 13 people. GM Chief Executive Officer Mary Barra announces that 15 employees have been dismissed and five more have been disciplined. Barra also announces GM will create a program to compensate those injured or killed by the defective cars. Compensation expert Kenneth Feinberg will decide how victims will be paid.

June 16, 2014 - GM recalls another 3.36 million vehicles worldwide for a different ignition switch issue linked to eight crashes and six injuries. This brings the total number of cars recalled by GM this year to more than 20 million.

June 30, 2014 - GM recalls 8.4 million vehicles worldwide, most for faulty ignition switches. This brings the total number of vehicles GM has recalled in 2014 to 27 million in the United States, nearly 30 million worldwide.

- GM announces compensation of at least $1 million to families of at least 13 people who died as a result of a faulty ignition switch. GM is also offering money to those injured by the defective cars.

October 20, 2014 - The office of Attorney Ken Feinberg, who is administering the compensation program, announces that a total of 56 claims have been approved by his team, including 29 deaths, four serious injuries and 23 less serious injuries.

December 8, 2014 - Feinberg's office releases a report on claims relating to GM's faulty ignition switch recall. Thirty-eight deaths are now attributed to the defect, and are eligible for payment. Also eligible for payment are six cases of severe injury and 45 cases of other injury.

February 2, 2015 - Feinberg's office releases an updated report, after the program's January 31, 2015, deadline. More than 4,180 claims have been filed against General Motors, alleging the automaker's vehicles with faulty ignition switches caused deaths and injuries. So far, 128 claims have been ruled eligible, including 51 deaths.

December 10, 2015 - GM's faulty ignition switch caused 124 deaths, according to a final report from the attorney administering funds to accident victims.

December 15, 2016 - CEO Mary Barra announces GM will build autonomous Chevrolet Bolt electric cars in the Detroit area starting next year.

March 6, 2017 - Says it's selling its European business for $2.3 billion to France's PSA, the maker of Peugeot and Citroen cars, and announces it is laying off 1,100 workers in Michigan. It's the fourth layoff GM has announced since November.

August 5, 2017 - Recalls about 700,000 Chevy and GMC trucks because of a potential software problem that can cause them to spontaneously lose their electric power steering assistance for about a second.

October 17, 2017 - GM's self-driving arm, Cruise Automation, says it will begin testing its self-driving Chevy Bolts inside five square miles of Manhattan in early 2018.

January 12, 2018 - Cruise Automation unveils an autonomous vehicle that has no manual controls. Because the car is fully autonomous, the company says a steering wheel, accelerator and brake pedals aren't needed.

April 3, 2018 - GM announces it will no longer report monthly sales, ending a common practice in the auto industry. The company believes that quarterly sales reports are more effective metrics for investors.

June 13, 2018 - GM announces that Dhivya Suryadevara will be its new chief financial officer starting September 1, joining an exclusive club of companies that have both a female CEO and CFO. Mary Barra is the company's current CEO.

June 29, 2018 - In a letter to the Commerce Department, GM warns that the proposed tariffs by the Trump administration could force the company to cut jobs and raise the price of cars.

October 3, 2018 - Honda commits to invest $2 billion over 12 years into GM's autonomous vehicle subsidiary, Cruise.

November 26, 2018 - GM announces that it will shut down production at five facilities in North America and cut its staff, reducing its salaried workforce by 15%. This restructuring means GM will stop making sedans that the public no longer wants, including the Chevrolet Volt, Impala and Cruze and the Buick LaCrosse.

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 592709

Reported Deaths: 9340
CountyCasesDeaths
Marion818931301
Lake44495668
Allen32035543
Hamilton28533305
St. Joseph26847372
Elkhart24132341
Vanderburgh18759213
Tippecanoe17482122
Johnson14583285
Porter14464160
Hendricks13931242
Madison10600213
Vigo10513174
Clark10300132
Monroe9109108
Delaware8861133
LaPorte8825155
Howard7916138
Kosciusko788877
Warrick648290
Hancock642597
Bartholomew629294
Floyd6184105
Wayne5956157
Grant5848110
Dubois546172
Boone536367
Morgan519491
Henry496164
Marshall494984
Cass473160
Noble462157
Dearborn461344
Jackson416145
Shelby404279
Lawrence382075
Clinton366340
Gibson357856
DeKalb338563
Montgomery336651
Harrison332642
Knox328239
Miami311243
Steuben308742
Adams296535
Whitley295525
Wabash293945
Ripley293745
Putnam286847
Huntington285058
Jasper284434
White268438
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Jefferson253138
Decatur242882
Fayette242448
Greene235660
Posey232826
Wells230147
LaGrange224761
Clay218732
Scott217337
Randolph209041
Jennings193235
Sullivan189331
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Fountain180425
Washington178218
Starke172041
Jay163122
Fulton160230
Owen160137
Carroll153015
Orange152133
Rush150818
Perry148727
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Parke12908
Tipton128432
Pike114125
Blackford108022
Pulaski95137
Newton89721
Brown85730
Benton84510
Crawford7669
Martin70413
Warren6607
Switzerland6235
Union6145
Ohio4707
Unassigned0374

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 831066

Reported Deaths: 10281
CountyCasesDeaths
Franklin97996705
Cuyahoga826131062
Hamilton61629439
Montgomery41873399
Summit33603729
Lucas30316597
Butler29859228
Stark24951413
Warren18974139
Lorain18217212
Mahoning16815336
Lake15491135
Clermont15235104
Delaware1392977
Licking12765132
Trumbull12445306
Fairfield1226080
Greene11682133
Medina11191165
Clark10648264
Wood10000154
Allen9579126
Portage8923106
Miami890573
Richland8848116
Marion7341113
Tuscarawas7162174
Columbiana7117124
Pickaway705750
Wayne6815165
Muskingum676342
Erie5943118
Hancock540490
Ross532787
Scioto523663
Geauga487755
Darke458589
Ashtabula440572
Lawrence436652
Union432828
Mercer425887
Sandusky424462
Auglaize415159
Seneca415155
Huron413638
Shelby411021
Jefferson404566
Belmont397840
Washington373140
Athens36549
Putnam365372
Madison341429
Knox337722
Ashland333838
Fulton327143
Defiance320178
Crawford315169
Preble312434
Brown298219
Logan293229
Ottawa283034
Clinton279643
Williams271166
Highland263618
Jackson258343
Guernsey244025
Champaign242827
Fayette228029
Morrow22404
Perry222618
Holmes219462
Henry211947
Hardin205033
Coshocton198920
Van Wert198044
Gallia191626
Wyandot191449
Adams165815
Pike165217
Hocking164423
Carroll150116
Paulding139921
Noble118340
Meigs103521
Monroe96129
Harrison8598
Morgan79628
Vinton67213
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