Search Results for: General Motors

General Motors Corporate Office

General Motors or GM for short was founded in 1908 in Flint, Michigan by William C. Durant as a holding company for the Buick and Oldsmobile brands.

In 1909, Cadillac and Oakland, which eventually becomes Pontiac, join GM.

In 1910, Durant lost control of GM after acquiring too much debt.

In 1912, GM introduces the first electric starter in a Cadillac.

In 1918, Chevrolet becomes part of GM.

In 1925, the company acquires Vauxhall Motors.

In 1931, Opel is acquired.

By 1950, all US models are available with an automatic transmission.

In 1971, the company acquires a 34% stake in Isuzu Motors.

In 1984, the company acquires Electronic Data Systems. That company is spun off in 1996.

In 1986, the company acquires Hughes Aircraft.

In 1990, the company acquires 50% of Saab and launches the Saturn brand.

In 1999, the company acquires a 20% interest in Fuji Heavy Industries, the maker of Subaru.

In 2000, the company takes full control of Saab and acquires 20% of Fiat.

In 2009, the company filed for Chapter 11 bankruptcy. This resulted in a government bailout and the closing of the Pontiac, Saab, Hummer, and Saturn brands.

In 2010, the company filed an IPO and returned to profitability.

Today, General Motors is one of the largest automakers in the world. The company produces vehicles in 37 countries under 11 brands.

In May 2023, GM recalled nearly 1 million vehicles for defective airbags.

Also in May 2023, GM hired an ex-Apple executive to head the new software unit.

General Motors maintains a corporate office in Detroit, Michigan.

General Motors

General Motors or GM for short was founded in 1908 in Flint, Michigan by William C. Durant as a holding company for the Buick and Oldsmobile brands.

In 1909, Cadillac and Oakland, which eventually becomes Pontiac, join GM.

History

In 1910, Durant lost control of GM after acquiring too much debt.

In 1912, GM introduces the first electric starter in a Cadillac.

In 1918, Chevrolet becomes part of GM.

In 1925, the company acquires Vauxhall Motors.

In 1931, Opel is acquired.

By 1950, all US models are available with an automatic transmission.

In 1971, the company acquires a 34% stake in Isuzu Motors.

In 1984, the company acquires Electronic Data Systems. That company is spun off in 1996.

In 1986, the company acquires Hughes Aircraft.

In 1990, the company acquires 50% of Saab and launches the Saturn brand.

In 1999, the company acquires a 20% interest in Fuji Heavy Industries, the maker of Subaru.

In 2000, the company takes full control of Saab and acquires 20% of Fiat.

In 2009, the company filed for Chapter 11 bankruptcy. This resulted in a government bailout and the closing of the Pontiac, Saab, Hummer, and Saturn brands.

In 2010, the company filed an IPO and returned to profitability.

Today, General Motors is one of the largest automakers in the world. The company produces vehicles in 37 countries under 11 brands.

In May 2023, GM recalled nearly 1 million vehicles for defective airbags.

Also in May 2023, GM hired an ex-Apple executive to head the new software unit.

General Motors maintains a corporate office in Detroit, Michigan.

Lucid Motors Corporate Office

Bernard Tse, Sheaupyng Lin, & Sam Weng originally founded their electric car company as “Atieva” in 2007. After years of more intense research and design, the company decided to rebrand itself in 2016 as Lucid.

Some of the 500 employees had worked for other EV (electric vehicle) companies including Tesla and Mazda.

Peter Rawlinson, former engineer for Tesla, joined the company in 2016.

In late 2016, the company announced its plans to build a $700 million manufacturing plant in Casa Grande, Arizona. The company’s plan was to hire 2,000 persons and begin by manufacturing 20,000 cars a year, and to gradually increase production until 2020 when they hoped to build 130,000 cars each year. The factory currently has a maximum yearly capacity of 380,000 vehicles per year.

The Lucid Air, a fully electric car model, was unveiled in December 2016. The vehicle has two electric motors, the front motor having 400 horsepower and the rear motor 600 horsepower.

Lucid has an agreement with MobileEye to use their EyeQ4 chips. Each Lucid vehicle has 8 cameras and is autonomous ready, should this type of driverless mobility be approved for general use.

Lucid’s lithium-ion batteries are produced by Samsung and LG Chem.

The company has partnered with ElectrifyAmerica to use its nationwide charging network.

Lucid plans to open 8 showrooms, 5 in California, by the end of 2020.

The company maintains a corporate office in Newark, California.

Lucid Motors

Some of the 500 employees had worked for other EV (electric vehicle) companies including Tesla and Mazda.

Peter Rawlinson, former engineer for Tesla, joined the company in 2016.

History

The Lucid Air, a fully electric car model, was unveiled in December 2016. The vehicle has two electric motors, the front motor having 400 horsepower and the rear motor 600 horsepower.

Lucid has an agreement with MobileEye to use their EyeQ4 chips. Each Lucid vehicle has 8 cameras and is autonomous ready, should this type of driverless mobility be approved for general use.

Lucid’s lithium-ion batteries are produced by Samsung and LG Chem.

The company has partnered with ElectrifyAmerica to use its nationwide charging network.

Lucid plans to open 8 showrooms, 5 in California, by the end of 2020.

The company maintains a corporate office in Newark, California.

Magna International Corporate Office

Frank Stronach began making metal sun visor brackets for General Motors in 1957. From his start as a one-man operation renting a tool and die garage in Toronto has turned into an international operation with more than 169,000 employees.

The company developed an employee equity participation and profit-sharing program in 1974. By 1981, Magna had sold its aerospace and defense operations to focus on the automotive industry. It began decentralizing major systems into independent, publicly traded companies during the 1990s while expanding into Asia.

Magna began designing automotive rearview cameras for Humvees in 2005 on its production line in Detroit. It was one of the first companies to develop rearview cameras for automakers and had a 350,000 unit contract by 2007. The company has produced more than 46 million components and opened a $66.5 million plant to produce cameras and driver-assistance components.

In February 2021, the office of the governor of the state of Michigan announced that Magna plans to open a facility in the city of St. Clair to build battery enclosures for the 2022 Humvee electric pickup. The battery enclosures will be produced at GM’s facility in Detroit and Hamtramck. The new facility is expected to cost $70 million and to create over 300 jobs for the state.

In April 2021, founder Frank Stronach announced that the company was creating a 3-wheeled, one person, electric vehicle that would be able to use most bike lanes. For city traffic, Stronach believes the vehicle, called the Sarit, would be beneficial and that it will eventually change the world of cars and transportation as we know it.

The top speed for the Sarit is 20 MPH and the current price is $5,000 dollars. Stronach has not said when they expect to have the vehicle ready for sale to the public.

The US corporate office for Magna International is located in Troy, Michigan.

Magna International Of America

History

The top speed for the Sarit is 20 MPH and the current price is $5,000 dollars. Stronach has not said when they expect to have the vehicle ready for sale to the public.

The US corporate office for Magna International is located in Troy, Michigan.

XPO Logistics Corporate Office

In September 2011, businessman Bradley Jacobs acquired Express-1 Expedited Solutions. He renamed the company XPO Logistics.

XPO Logistics is an American multinational transportation and contract logistics company that manages supply chains for 50,000 customers, including 69 of the Fortune 100.

XPO has acquired 17 shipping companies between 2012 and 2015. The company performs freight brokerage, last-mile trucking, less than a truckload shipping, and global freight.

The company spends more than $500 million on software improvements and upgrades. It retains more than 100 data scientists working on automation processes and AI.

In October 2019, the company was the first logistics operation to join MIT’s Industrial Liaison Program, a partnership organization that pairs MIT resources with corporations worldwide to solve global business challenges.

In June 2020, General Motors recognized XPO Logistics as the Supplier of the Year for Managed Transportation.

In July 2020, the company released a pandemic safety white paper for the essential support of essential workers.

XPO Logistics maintains a corporate office in Greenwich, Connecticut, and employs more than 100,000 persons.

XPO Logistics

In September 2011, businessman Bradley Jacobs acquired Express-1 Expedited Solutions. He renamed the company XPO Logistics.

XPO Logistics is an American multinational transportation and contract logistics company that manages supply chains for 50,000 customers, including 69 of the Fortune 100.

XPO has acquired 17 shipping companies between 2012 and 2015. The company performs freight brokerage, last-mile trucking, less than a truckload shipping, and global freight.

History

The company spends more than $500 million on software improvements and upgrades. It retains more than 100 data scientists working on automation processes and AI.

In June 2020, General Motors recognized XPO Logistics as the Supplier of the Year for Managed Transportation.

In July 2020, the company released a pandemic safety white paper for the essential support of essential workers.

XPO Logistics maintains a corporate office in Greenwich, Connecticut, and employs more than 100,000 persons.

Automation Anywhere Corporate Office

Originally founded in 2003 as Thethy’s Solutions, the company renamed itself Automation Anywhere in 2010. The company develops robotic process automation, or RPA, which frees employees from everyday mundane or repetitive tasks.