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THE RAPID VEHICLE MOTOR COMPANY -GMC
by: Admin

The Past, Present and Future Of GM: What You Didn’t Know About The Biggest Vehicle Manufacturer

Most people have no idea how GMC started, and why should they? All they know is that GMC is the manufacturer of passenger cars and trucks. So, what’s the history behind the popular automobile company?

The History Behind GMC: It’s Beginnings To Its Present

The company was initially named Rapid Motor Vehicle Company, which was started by Max Grabowski in 1902. It was Max’s company that developed many of the earliest commercial trucks. In 1909, General Motors Truck Company purchased Rapid Motor Vehicle Company.  And, it was not until 1912, GMC was finally released to the public during the New York Auto Show. In 1996, GMTC, dropped Truck to become just GMC that everybody recognizes today.

From 1984 to 1996, the company possessed Electronic Data Systems, a former Ross Perot company before it was sold to News Corporation, DirecTV. It also possessed Frigidaire from the late 1910s to the late 1970s.

Today, GMC, a Detroit, Michigan U.S-based company, manufactures personal vehicles, pickup trucks and bus engines.  It’s the automobile maker with global operations and brands that include but are not limited to:

•    GMC
•    Buick
•    Chevrolet
•    Opel
•    Saturn
•    Pontiac
•    Daewoo
•    Saab

GMC also manufactures diesel-electric locomotives for brands like:

•    Allison Transmission
•    ACDelco
•    General Motors Electro-Motive Division

The company also has stakes in Japanese companies like:

•    Suzuki
•    Subaru
•    Isuzu

In 1997, GMC had a 45 percent share in Delta in South Africa, which is attained in December 2003. Delta is a completely owned subsidiary of the company, General Motors South Africa.

Today’s General Motors

GM is considered the world’s biggest vehicle manufacture, with more than 340,000 people employed. In 2011, the company sold around 8.5 million vehicles. In 2002, the company sold about 15 percent of its vehicles manufactured.

Rich Wagoner is the current GMC chairman, holding the position since May 1, 2003 and its CEO since June 1, 2000.

According to an October 2005 news release, General Motors was selling 20 percent of its stake in Fuji Heavy Industries that could raise over $700 million.

GM recently lost $2.5 billion thanks to being hit with a $6 billion healthcare cost. The company is working with the UAW to decrease its health cost by around $1 billion a year.

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