General Motors Co - Company Profile
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Business Description
General Motors Co (GM) designs, develops, manufactures, and sells cars, trucks, and spare parts, along with its partners. It also offers maintenance, collision repairs, vehicle accessories, light repairs and an extended service warranty.
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R&D Overview
The company's R&D activities focus on developing new products and services; and improving existing products and services such as CHG emission control, improved fuel economy, EVs, AVs, etc. It operates a global vehicle architecture development center at Global Technical Center in Warren, Michigan. GM designs, develops and integrates all of the company's global products and their components at the Global Product Development Center which is responsible for maximizing part sharing across multiple vehicle segments, ensuring efficient utilization of resources and enhancing cost-effectiveness in the manufacturing process. The company’s key focus area includes light weighting of vehicles, improving Ultium battery, introducing automated safety features which lead to lesser crash cases, upgrading cybersecurity measures and introducing new technologies in the vehicle. In FY2022, the company incurred R&D expenses of US$9,800.0 million, which as a percentage of revenue stood at 6.3% and increased 24.1% YoY.
Business Segments
Overview
Global provider of automobile finance solutions that offers retail loan and lease lending across credit spectrum. Provides commercial products to dealers to both new and used vehicle inventory financing and dealer loans. Operates facilities in the US, Brazil, Canada, China, and Mexico.
Performance
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Overview
Manufactures and markets vehicles under the Buick, Cadillac, Chevrolet, GMC, and Holden brands to meet customer demands outside North America.
Performance
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Overview
Operates sales, manufacturing and distribution facilities in the US, Canada, and Others. Develops, manufactures, and markets products under the Buick, Cadillac, Chevrolet, and GMC brands.
Performance
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Overview
Includes certain centrally recorded income and costs such as interest, income taxes, and corporate expenditures and certain non-segment specific revenue and expenses.
Performance
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Overview
Includes development and commercialization of autonomous vehicle technology.
Performance
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Geographical Segments
Target Markets
Asia Pacific, Europe and South America
Performance
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Performance
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