Nyse realtime stock quotes, news and financial information from cnbc. But, as i write in my new book the phoenix and the unicorn, it also was horribly mismanaged at the end of the 20th and the beginning of the 21st century. I have to think this is one for the record books, general motors ceo mary barra said when asked if the automaker had ever undertaken such a large project this quickly. Girsky also served as managing director at morgan stanley and a senior analyst of the morgan stanley automotive and auto parts research team. Chief executive officer and vice chairman of kissinger associates, inc. During the companys early years, durant went on a shopping spree for automobile manufacturers. As barra nears her fiveyear anniversary as gm ceo, the full scope of her imprint on the nations largest automaker is. Meyer introduction gmc has been and is now one of the most successful of the pioneers in the manufacture and sales of commercial motor vehicles. It was founded in 1908 by a man named billy durant. Shares of general motors were rising on thursday afternoon after rival ford motor company cut its dividend and drew down its credit lines. Chairman and chief executive officer general motors company.
General motors simple english wikipedia, the free encyclopedia. Why gm ceo mary barra killed chevrolet cars, approved plant. Barra took over gm in the midst of the switchgate scandal, a decadelong coverup by the company involving faulty. The history of general motors gm, one of the worlds largest car and truck manufacturers. Sloan tells a little about the concept of centralized. Historical price to book ratio values for general motors gm over the last 10 years. Mary barra is chairman and chief executive officer of general motors company. Chairman, president and chief executive officer lockheed martin corporation.
Prior to joining centerbridge, girsky was a special advisor to the ceo and cfo of general motors corporation from 2005 to 2006. For general motors, is mary barra a problem or the solutution. Less than two years later, he was elected chairman of the board of general motors and chief executive of the corporation. Durant, the general motors company was founded in 1908 to consolidate several motorcar companies producing buick, oldsmobile, cadillac, oakland later pontiac, ewing, marquette, and other autos as well as reliance and rapid trucks. Patrick wright wrote a book named on a clear day you can see general motors. General motors profile, history, founder, founded, ceo.
Through the lens of history at its most gripping, this book reveals why. In november, ceo mary barra announced the detroit carmaker would lay off 14,000 employees and halt production at five plants in the u. Leadership theory of mary barra s leadership style bartleby. The gmc brand is one of few of the original makes that have survived into the 21st century. William crapo billy durant was the company owner at the time. Mar 31, 2009 general motors corporation president and chief operating officer fritz henderson held his first news conference as interim chief executive officer following the administrations request for rick. Gm names mary barra as ceo first woman to run major automaker. Read general motors stories and board of directors member profiles. Mary barra bio, age, husband, general motors, salary, net. General motors, american corporation that was the worlds largest motorvehicle manufacturer for much of the 20th and early 21st centuries. Sloan is seen as the first person to have worked out systematic organisation in a big company, planning and strategy, measurements, the principle of decentralisation in short, basic concepts of a discipline of management. Mary barra, the ceo of general motors, is one of the leaders i most admire. It was fifty years ago that alfred sloans now classic my years with general motors hit bookstores, and immediately appeared on. View historical gm stock price data to see stock performance over time.
Dec 10, 20 general motors promotes mary barra to ceo, replacing dan akerson. The book includes vivid, wartsandall portraits of the legends of the golden age of the automobile, from. On december 10, 20, gm named her to succeed dan akerson as chief executive officer, and prior to that, barra served as the executive vice president of global product. This is the story no other businessman could tella distillation of half a century of. The history of general motors gm, one of the worlds largest car and truck manufacturers, dates to more than a century and involves a vast scope of industrial activity around the world, mostly focused on motorized transportation and the engineering and manufacturing that make it possible. Mary barra has methodically reshaped general motors. Short of being the ceo of a giant corporation, it is hard to get an appreciation of whats. Sloan was the ceo of general motors in its early beginnings, and he went through all the stages of the growth, going bust, growth and then consolidation of the beginning when some companies were creating mechanical horses no kidding to the 60s, when he retired. Founded in 1908, gm rose to dominate the us auto industry. Durant, a highschool dropout, had made his fortune building horse. New york stock quote general motors co bloomberg markets. Barra took over gm in the midst of the switchgate scandal, a decadelong.
Throughout general electric s past, each of the ge presidents has had a restless drive for business growth, technology innovation and a better world. A list of notable books written by ceos, about ceos and business. Why gm ceo mary barra killed chevrolet cars, approved. Jack welch ruled general electric from 1981 to 2001. Welcome to the official general motors facebook page. How mary barra resurrected general motors nexxworks. General motors company, commonly referred to as general motors gm, is an american multinational corporation headquartered in detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters in detroits renaissance center. It is based in the renaissance center in detroit, michigan. Interesting facts about general motors did you know cars. General motors company is the largest american car company. Ceo rick wagoner attempted to lessen its future health care and pension liabilities and increase its stock value but could not stop the financial bleeding. Mary barra, the general motors ceo, is providing a leadership style that is rescuing gm and helping resurrect the american automotive industry. Gm is an icon of american entrepreneurship, firmly woven throughout the fabric of the u.
Billy, alfred, and general motors is the tale not just of the two extraordinary men of its title but also of the formative decades of 20thcentury america, through two world wars and sea changes in business, industry, politics, and culture. New york including stock price, stock chart, company news, key statistics, fundamentals and company profile. Pages in category general motors former executives the following 61 pages are in this category, out of 61 total. But his followup book winning makes the list because it reveals.
It is more a book about what sloan and his contemporaries at general motors did and why they did it. My years with general motors alfred sloan was the ceo of general motors from 1923 to. Founded in 1908 as a holding company in flint, michigan, as of 2012 it employs approximately 209,000. General motors ceo rick wagoner gave the first keynote address from the head of an automobile manufacturer in the 41year history of the consumer electronics show on. It was the largest industrial bankruptcy in history. Even today, bill gates praises my years with general motors as the best book to. When called upon by president roosevelt to coordinate the retooling of the auto industry to world war ii production of massive amounts of armaments, big bill knudsen ceo of g. To see what your friends thought of this book, please sign up.
General motors is home to buick, cadillac, gmc and chevrolet. Founded in 1908 as a holding company in flint, michigan, as of 2012 it employs approximately 209,000 people around the world. General motors named mary barra as ceo in january 2014. Motors during the early twentieth century and served as the companys ceo. Its more a business history of the early years of general motors, from the viewpoint of its. Gm ceo says suppliers have moved mountains as companies.
General motors gm was formed in 1908 as a holding company for buick. The year with the most events was 2009 with three events. But it declined in the 1980s and 1990s, and in 2009 it was bailed out and went bankrupt. November 19, 1935 march 1, 2020 was an american business executive, chemical engineer, and writer. Apr 10, 2014 for general motors, is mary barra a problem or the solutution. Durant was an automobile visionary and was responsible in part for the growth of general motors in the united states. As chairman and chief executive officer at general motors co, mary t. Mar 19, 2020 william knudsen was president of general motorsthe largest corporation in historyin 1940 when president franklin roosevelt charged him with heading up all military production in the u. On december 10, 20, barra was named by gm to succeed dan akerson as chief executive officer. Contact all american speakers bureau to inquire about speaking fees and availability, and book the best keynote speaker for your next event. Billy, alfred, and general motors audiobook by william. Why shares of general motors are rising on thursday.
She is the first female ceo of a major global automaker. Detroit mary barra has only been chairman and ceo of general motors for three years, but the company she leads today is vastly different from the one she. General motors runs under the brand name holden in new zealand and australia. How gms mary barra shattered the glass ceiling bloomberg. She was elected chairman of the gm board of directors on january 4, 2016, and has served as ceo. As general motors prepares to celebrate its 100th anniversary and faces possible bankruptcy, here are some key events in the giant automakers history. In 2010, we rebranded as ally financial and transformed our auto finance business into ally auto a premier independent finance provider offering dealers of many vehicle makes, including rvs, the most comprehensive suite of products and services available.
Delorean and he had risen to the very top of the company with astonishing speed. Jan 04, 2016 mary barra assumes combined chairman and ceo position at general motors. Untitled autobiography of andrew carnegie, andrew carnegie carnegie steel, 1920. General motors co stock price, quote and news cnbc. Smale, retired chairman and ceo, procter and gamble company. Buy my years with general motors reissue by sloan, alfred p. Mary barra mary teresa barra is the chairwoman and ceo of general motors company, a position she has held since january 15, 2014. Mar 27, 2006 jack smith, retired chairman and ceo, general motors corporation anyone interested in the current story of general motors should read this engrossing description of the beginnings and early growth of this largest of all americas businesses. How general motors was built into the largest corporation in the world.
Find out more about the vision and leadership behind gm. General motors ceo mary barra may offer the fresh leadership needed to solve the companys recall crisis, but her decadeslong career. August 12, 2010 ceo ed whitacre announces that he will be stepping down on september 1, 2010. As barra nears her fiveyear anniversary as gm ceo, the full scope of her imprint on the nations largest automaker is becoming clearer. Investors saw it as a sign of strength that gm didnt. Mary barra is remaking gms cultureand the company itself. He oversaw such automotive advancements as fourwheel brakes and ethyl gasoline. Barra is a graduate of electrical engineering at kettering university, formerly known as general motors institute. Gms layoffs can be traced to its quest to turn people into. General motors has hosted 5 events in the cspan video library. My life and work, henry ford ford motor company, 1922.
Learn about our companys rich history and dedication to community, sustainability and personal mobility efforts. Biography and booking information for mary barra, ceo of general motors. Featured in the story was one of gms top executives then leaving the company. Mary barra is remaking gms cultureand the company itself to keep pace in the race to reinvent transportation, the general motors ceo is shaking up americas biggest car company. Everyday low prices and free delivery on eligible orders. He was chairman and ceo of general electric ge between 1981 and 2001. Nov 27, 2018 mary barra has methodically reshaped general motors. This made barra the first woman to be appointed in charge of a major car maker. Billy, alfred, and the general is an important work on the history of the automobile industry. A long history of the company is associated with egypt when the company began assembling the cars there in 1920s. The current price to book ratio for general motors as of april 17, 2020 is 0. On june 1, 2009, the company declared bankruptcy and received assistance from the federal government, emerging from bankruptcy in under 40 days as general motors company.
Find the latest news about gm automotive innovations, investor relations and more. Mary barra assumes combined chairman and ceo role at gm. Under barras leadership, gm is focused on putting the customer at the center of everything, in a transforming world of personal mobility with advanced technologies like connectivity, autonomous driving and car sharing. My years with general motors amazon alfred sloan was the ceo of general motors from 1923 to 1946 when the car company was arguably the most important organization on earth. For fans of management books, this month marks a big anniversary. About general motors company llc gm was founded in 1908 as the general motors corporation. General motors company common stock gm stock quotes nasdaq. Bloomberg quickly and accurately delivers business and financial. General motors works in many parts of asia like china, india, indonesia, etc. Bill gates told fortune, my years with general motors is probably the best book to read if you want to read only one book about business. Straight from the gut, welch, jack general electric, 2001. Alfred sloan was the ceo of general motors from 1923 to 1946 when. With our transformation complete, we became a publicly traded company with a diverse. Gm was founded in 1908 and we are all familiar with most of their car brands including chevrolet, gmc.
Dec 30, 2018 general motors is the object of suburban dinnertable scorn, wrote harvard management guru rosabeth moss kanter in her influential 1984 book, change masters. Jack smith, retired chairman and ceo, general motors corporation anyone interested in the current story of general motors should read this engrossing description of the beginnings and early growth of this largest of all americas businesses. The history of general motors business the guardian. Road to power is the story of how mary barra drove herself to the pinnacle of a.
Apr 08, 2014 read fast facts from cnn about general motors, one of the big three u. Mary barra assumes combined chairman and ceo position at general motors. This information is according to proxy statements filed for the. It was the september 1973 story in fortune magazine that turned heads at the general motors corporation, then the worlds largest automaker. He led general motors through a very difficult period for the american automobile industry as the corporation tried.
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