The Past, Present and Future Of GM: What You Didn’t Know About The Biggest Vehicle Manufacturer
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
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 also manufactures diesel-electric locomotives for brands like:
• Allison Transmission
• General Motors Electro-Motive Division
The company also has stakes in Japanese companies like:
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
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
Rich Wagoner is the current GMC chairman, holding the position since May 1, 2003 and its CEO since June 1, 2000.
to an October 2005 news release, General Motors was selling 20 percent
of its stake in Fuji Heavy Industries that could raise over $700
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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