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General Motors
Richard Wagoner GM Chairman and Chief Executive Officer
John M. Devine GM Vice Chairman and Chief Financial Officer
Robert A. Lutz GM Vice Chairman, Global Product Development
– Build back market share to over 30% by 2008• Phase out sluggish brands by 2009• Pontiac, Oldsmobile, and Buick (Ex. 13.1 in Book)• More focus on brand specific vehicles• No longer should every brand offer every type of vehicle• Destructive cannibalizing competition• Too many models and platforms• Vehicles all look the same to consumers• Bring back exciting vehicles with quality, character, and style
• Company Recognition• The number of brands
and brand recognition• Committed workers• Products like: OnStar and
XM Satellite Radio• Corporate Responsibility• The time GM has been
around• Globally known and
located in 32 countries• GM dealer locations
• Financial services: consumer vehicle financing, full service leasing, dealer financing, car and truck extended service contracts, residential and commercial mortgage services, and vehicle and homeowners insurance
• Under Billy Durant’s leadership, General Motors Company is organized on September 16, 1908
• Today, GM is recognized as the world’s largest automaker
• Global automotive sales leader since 1931
• Has manufacturing operations in 32 countries and its vehicles are sold in 200 countries
• Currently, GM Dealers in the United States have sold 257,623 new cars and trucks as of October and 445,555 of pre-owned cars