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General Motors General Motors is a major American multinational corporation that was started in Flint, Michigan. General Motors produces vehicles ranging from the entry-level class to the luxury class, and everything in between. When many people use the term “GM”, it is referring to General Motors Company. GM produces vehicles in 37 countries and has 10 brands of vehicles that it produces through an assembly line. The 10 brands of cars account for the 9,714,652 vehicles that were put on the road in 2013 by General Motors.

Employees General Motors has over 219,000 employees working in 6 continents. These workers speak more than 50 languages and touch 23 time zones. From designing and engineering state-of-the-art plants and developing new vehicles and technologies to creating new marketing programs, our team members are valued for their unique contributions. Serving as the face of the new GM in communities around the world, the 21,000 dealers are also important members of the GM team, and are integral to their success. Each employee is apart of a union. General Motors unionized their workers in 1945. This helped made the average worker feel safer in the workplace. The Union set minimal wages, benefits, terms/agreements, etc. Workers will go on strike if they don’t agree with the Union on the decisions and policies they make.

Competitors General Motors also has quite a few competitors. In the American Auto Industry there is Ford and Chrysler/Dodge/Jeep. For the Japanese Auto Industry, there are companies such as Hyundai, Toyota, Honda, Kia, etc. Ford has many lines of automobiles just like GM does. Ford produces only Ford and Lincoln vehicles now, but they used to produce Ford, Lincoln, Mercury, Jaguar, Aston Martin, Volvo, Land Rover, Edsel, and Merkur. Ford also started in Michigan just like General Motors. General Motors has passed Ford is sales and revenue recently, but still struggles against Toyota and Honda. Toyota, Honda, and Nissan are both Japanese car manufacturers that have the reputation of being extremely reliable. When someone is on the road driving, they are more likely to see an old Toyota or Honda rather than an old Chevy or GMC because American cars have the reputation of not being as reliable as a Japanese car would be.

Chapter 11 Bankruptcy On May 31, 2009 there was talk that the U.S. would initially likely become the largest shareholder of the reorganized GM following a bankruptcy filing and re-emergence from bankruptcy. The U.S. government would invest up to $50 billion and own 60% of the new GM and the Canadian government would own 12.5% Some people also thought that creditors were encouraged to push GM into bankruptcy protection because it would trigger a credit event, and thus a beneficial financial payout. Due to a lack of transparency, there was no way to find out who the CDS protection buyers and protection writers were, and they were subsequently left out of the negotiation process. General Motors filed a chapter 11 bankruptcies in 2009 and were given a federal loan by the government. With the government taking control of GM, this allowed the company to get a “clean slate”. In other words, they were able to start over and not have a huge weight on their shoulders with every car coming out of the assembly line. This allowed there to be a lot of revenue for General Motors because they were no longer working in the negative. It’s been 5 years since GM went into bankruptcy and now they’ve started making money again.

2014 Corvette C7 The Chevrolet Corvette has been a popular american sports car for over 60 years. Chevy has recently remodeled the corvette to be even more of a beast. This car handles so much better than the previous models (2013 and under). The 2014 Corvette has a 6.2L V8 that puts out 455 H.P. It runs a 0-60 time of 3.8 seconds. The 2013 Corvette offered 430 H.P. and a 0-60 time of 4.1. As you can see, the technology in motors that Chevrolet makes has increased over the last year. There is now a mode for the vehicle called "4 cylinder deactivation". When the driver takes his/her foot off the gas, the engine turns off 4 cylinders and runs on the remaining 4 cylinders. This saves a lot of fuel. The new Corvette gets 17mpg (Miles per Gallon) in the city and 29mpg on the highway. The 2013 Corvette only received 16mpg in the city and 26 on the highway. The technology that is available to buyers and sellers is incredible these days. The new Corvette is so popular that there is a $2,000 price increase at some Chevy dealerships if someone wishes to buy a 2014 Corvette. This car is major step ahead of last years model and will be recognized as a turning point in Chevrolets success.