Summary
1GM Chart
GM to invest $4 billion over the next two years in its U.S. manufacturing plants
CNBC's Phil LeBeaus joins 'Fast Money' with breaking news on General Motors.
General Motors investing in 3 US facilities for production of gas, electric vehicles
General Motors on Tuesday said it is planning to invest about $4 billion at three U.S. facilities.
GM to invest $4 billion in U.S. manufacturing plants amid tariffs
GM plans to invest $4 billion in several American plants, including adding production of two popular Chevrolet vehicles that are currently built in Mexico. The Detroit automaker announced the plans Tuesday, as there have been few indications of progress in trade talks between the Trump administration and Mexican leaders.
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General Motors Co. Profile
| Auto - Manufacturers Industry | Consumer Cyclical Sector | Ms. Mary T. Barra CEO | XMIL Exchange | US37045V1008 ISIN |
| US Country | 162,000 Employees | - Last Dividend | - Last Split | 18 Nov 2010 IPO Date |
Overview
General Motors Company, a foundational figure in the automotive industry, was established in 1908 and holds its headquarters in Detroit, Michigan. This global enterprise is renowned for its design, construction, and sales of trucks, crossovers, cars, and automobile parts, alongside providing cutting-edge software-enabled services and subscriptions. GM’s operations are diversified across four primary segments: GM North America, GM International, Cruise, and GM Financial. A significant global player, GM prides itself on marketing its vehicles under esteemed brand names such as Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling. Furthermore, the company not only caters to the retail and distributor markets but also addresses the needs of fleet customers, including rental car companies, commercial fleets, leasing firms, and governmental bodies. Additionally, General Motors is committed to offering a vast array of after-sale services and automotive financing solutions, underpinning its leading role in the industry.
Products and Services
- Automobiles and Parts:
GM specializes in manufacturing an array of vehicles such as trucks, crossovers, and cars, along with essential automobile parts. The company distinguishes itself through a broad portfolio of brands, including Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling, catering to various consumer preferences and market demands globally.
- Software-enabled Services and Subscriptions:
Stepping beyond traditional automotive offerings, GM has ventured into providing advanced software-enabled services and subscriptions. This initiative underscores the company's commitment to innovation and adapting to the evolving needs of modern consumers by integrating technology into their automotive experience.
- After-sale Services:
GM's dedication to customer satisfaction extends to comprehensive after-sale services delivered through an extensive dealer network. Services include routine maintenance, light repairs, collision repairs, supplying vehicle accessories, and offering extended service warranties, thus ensuring vehicle longevity and reliability.
- Automotive Financing:
Through GM Financial, General Motors provides an array of financing options designed to facilitate the acquisition of its vehicles. Services include loans and leases for consumers and businesses alike, addressing the financial needs at every level of vehicle purchase and ownership.
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