History Of General Motors: General Motors Is Essay

History Of General Motors: General Motors is one of the major companies that have played an integral role in the international auto industry for over 100 years. The company has been able to establish itself in the global auto industry because of its rich history and innovative business strategies. An analysis of General Motors' history reveals that there was point it was the largest corporation in the United States. In addition to this, there was a point in the company's history that it was the single largest employer across the globe. The history of the company can be divided into various phases including creation, acceleration, emotion, revolution, globalization, innovation and challenges, and the modern GM.

Important Periods in General Motors History:

There are various important periods in the history of General Motors that can be classified into several major categories i.e. pre-era-2007 and before as well as during and after 2007 as explained below:

Pre-era 2007:

This is basically the period between the inception of the company and the period of harsh economic times that resulted in General Motors adopting innovation and challenges from 2000-2008. The beginning of this company is traced back to early 1900s when it was founded by William Durant, a shrewd business man who recognized that the future was not in carriages but rather in cars (Halliday, 2009). During the initial years of its inception, General Motors was founded...


As many motor companies were experiencing difficult times during this period because of financial stress, General Motors' founder saw this as a huge opportunity to buy smaller car builders and companies manufacturing car parts and accessories.
While Durant founded the company, he was only involved for a few years in two relatively brief spells but was forced out by financial problems in both instances. Most of the companies that Durant had acquired were subsequently closed because he made more bad deals than good ones despite being a prolific wheeler and dealer. Consequently, he lost control of General Motors in 1910 to banking interests but was forced out of the firm in 1920 after his return because his leadership style had not changed.

The other significant point during this period was the development of various types of cars to the extent that GM manufactured tanks, trucks, aircraft and several military supplies during World War II. By the second half of the 20th Century, the firm developed tens of millions of cars and trucks that were of good quality. At the beginning of the new millennium, General Motors had developed to the extent that it built a strong presence in emerging markets and finalized its transformation into a single international company ("Innovation & Challenges," n.d.). The company focused on developing new and quality designs…

Cite this Document:

"History Of General Motors General Motors Is" (2012, February 21) Retrieved April 14, 2024, from

"History Of General Motors General Motors Is" 21 February 2012. Web.14 April. 2024. <

"History Of General Motors General Motors Is", 21 February 2012, Accessed.14 April. 2024,

Related Documents
General Motors GM Is One

" Conclusion Overall GM is currently confronting some of the most difficult obstacles that it has ever had to overcome. Government intervention is no guarantee that the company will be able to overcome these obstacles. Billions of dollars have been given to the company in an effort to save it from further demise. However, capital alone will not save the company, there must be a strategic effort of the management to properly

When the sales of all American SUVs began to plummet as the price of fuel escalated, GM was the hardest-hit of all the Detroit-based auto manufactures. In 2006, GM recorded the second-largest loss of any corporation in U.S. history ("General Motors, 2008, Histomobile). On December 21, 1955 it was the first American company to make over one billion dollars in a year ("General Motors," 2008, Histomobile). Today, GM "is feeling

Motor Processes in Sport

Motor Processes in Sport Tom is an 18-year-old goalkeeper who recently moved up in class from youth to adult football. He was an early maturer and has a history of being more advanced in soccer than his peers but now a weakness is exposed. He never learned to kick with his left foot and this has been a problem at this level. The current paper discusses the proposed reasons for his

General Motors BUS 599 Mod # 3 TD Nadler-Tushman Congruence Model: General Motors Environmental factors When General Motors began experiencing financial problems, it was dealing with a number of external circumstances beyond its immediate control. The economy had lapsed into a recession and available credit for consumers was particularly tight. Given that most consumers buy cars on credit, the already-weakened American automotive companies were dealt nearly fatal blows. However, GM was also helped in

The company is now considered the second largest automaker in the world. Within one year after its inception, the company brought well-known brands under its name such as Cadillac, Cartercar and Pontiac. The company was originally owned by William Durant but excessive debt cost him the ownership in 1910 when the bank took it over. Durant then started the Chevrolet Motor company. In 1920s, the company sales surpassed those

The mistake occurred when enthusiasts tried to use those data for other purposes such as 'strategic product decisions.' The average cost of production never could, and never will, be relevant for those classes of decisions where only the change in total costs and revenues are relevant. That is, the rough, average post calculations provided a guide for pricing unique one-off products or services, but were of no use for