Who owns General Motors? Top shareholders include institutional investors, named executive officers, and sure other beneficial owners. The top five shareholders are BlackRock, Inc., The Vanguard Group, Capital Research Global Investors, Capital World Investors, and Mary T. Barra, who is a named executive officer of the company.
BlackRock, Inc. is the largest shareholder with over 117 million shares or 8.1% of outstanding shares, followed closely by The Vanguard Group with over 102 million or 7.0% of outstanding shares. These two asset management companies collectively own a significant portion of the company.
Who owns General Motors?
General Motors Co (NYSE: GM) is owned by 80.68% institutional shareholders, 13.02% General Motors Co insiders, and 6.30% retail investors.
Retiree Medical Benefits Trust Uaw is the largest individual General Motors Co shareholder, owning 100.15M shares representing 7.28% of the company. Retiree Medical Benefits Trust Uaw’s General Motors Co shares are currently valued at $3.36B.
Organizational structure
- General Motors (GM) operates as a multinational automotive company with a complex organizational structure.
- The company is divided into different business units, each focusing on specific brands or regions.
- GM has a corporate headquarters overseeing the overall strategy and operations of the company.
- The company has a global presence with manufacturing facilities and sales operations in various countries.
Business model
- GM’s business model revolves around designing, manufacturing, and selling vehicles, automotive parts, and related services.
- The company produces a wide range of vehicles, including cars, trucks, SUVs, and electric vehicles (EVs).
- GM offers its vehicles under various brands, such as Chevrolet, Cadillac, GMC, and Buick, catering to different market segments.
- In recent years, GM has also been investing in autonomous and electric vehicle technologies to align with future mobility trends.
- The company also provides financial services like vehicle financing and insurance through GM Financial.
Ownership structure
- GM’s ownership is distributed among various institutional investors, named executive officers, and other beneficial owners.
- The top five shareholders of GM include BlackRock, Inc., The Vanguard Group, Capital Research Global Investors, Capital World Investors, and Mary T. Barra (CEO of GM).
- BlackRock, Inc. holds the largest share, owning over 117 million shares or 8.1% of outstanding shares, followed by The Vanguard Group with over 102 million shares or 7.0% of outstanding shares.
- These two institutional investors collectively hold a significant portion of GM’s outstanding shares.
Key peoples of General Motors
The top 3 individual GM shareholders are Mary Barra, Mark Reuss, and Dan Ammann. Therefore, being top shareholders, these individuals own significant hunks and lumps of the company. General Motors is owned by 3 shareholders.
The U.S. government was a majority shareholder in the company in the past, but in 2010 General Motors broke free from the government’s harness and was reborn in its current embodiment and personification.
Mary Barra
Mary Barra is General Motors’ largest individual shareholder and holds a grand total of 520,608 shares of GM. Mary Barra holds a bachelor of science in electrical engineering and an MBA. She has won a number of industry acknowledgment awards and was named to Forbes’ list of the world’s 100 most powerful women for 2021.
Mary Barra is the CEO of General Motors and was appointed to this position in January 2014. She was also elected chairman of the company’s board in January 2016. Mary Barra holds substantial experience in engineering and global product development.
Mary Barra was seen as a perfect fit to take the company forward and counsel the company’s board due to her immense experience in engineering and global product development.
Mark L. Reuss
Mark L. Reuss is GM’s current Executive Vice President of Global Product Development, Purchasing, and Supply Chain. Mark leads the program management of cars, trucks, and crossovers globally. Reuss is the second-largest individual GM shareholder with 203,934 shares in the company.
Mark L. Reuss is the son of Lloyd E. Reuss, who was earlier ruled as the 18th president of GM. He joined the company as an intern in 1983 when he was studying at Vanderbilt University to be a mechanical engineer. Later on, he got his MBA from Duke University
Don Ammann
Don Ammann is the third-largest GM shareholder and holds 195,228 shares. He is the current president of General Motors and has held the position since January 2014. Before becoming the president of General Motors he enjoyed working as the company’s CFO and executive vice president.
Don Ammann is experienced in the financial industry in addition to his work at GM. Don Ammann slash in being the independent director of Hewlett Packard Enterprise Co.
The detailed information about the owner of General Motors
General Motors Company develops itself in the construction and marketing of cars. Net sales breakdown by activity is as follows:
The Vanguard Group, Inc.
The Vanguard Group Inc has categorized an SC 13G/A form with the Securities and Exchange Commission (SEC) vouchsafe ownership of 110,305,628 shares of General Motors Company (US: GM).
This act accounts for 7.76 %ownership of the company. In their previous filing dated 2022-02-10, Vanguard Group Inc had announced owning 102,724,091 shares, indicating an increase of 7.38 5%.
Capital Research & Management Company
Capital Research Global Investors has filed a 13G/A form with the SEC disclosing ownership of 78.40MM shares of GM Company. This represents 5.5% of the company. In their prior filing dated February 11, 2022, they reported 95.12MM shares and 6.60% of the company which is a decrease in shares of 17.58% and a decrease in total ownership of 1.10%.
BlackRock Fund Advisors
BlackRock Inc. has filed a 13G/A form with the SEC disclosing ownership of 125.77MM shares of General Motors Company (GM). This constitutes 8.9% of the company. In their preceding filing dated February 8, 2022, they reported 117.71MM shares and 8.10% of the company, an increase in shares of 6.85%, and an increase in total ownership of 0.80%.
SSgA Funds Management, Inc.
SSGA is to be in charge of assets of the GE pension plan currently managed by GEAM and assume responsibility for the management of GEAM’s other client assets, subject to client consent.
State Street Global Advisors is the investment management division of State Street Corporation and the world’s fourth largest asset manager, with nearly $4.14 trillion (USD) in benefits under superintendence as of 31 December 2021.
Berkshire Hathaway, Inc.
Berkshire Hathaway Inc has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 60,000,000 shares of General Motors Company (US: GM). This represents 4.1 percent ownership of the company.
In their previous filing dated 2021-02-16, Berkshire Hathaway Inc had reported owning 72,500,000 shares, indicating a decrease of -17.24 %
Harris Associates LP
Harris Associates L P has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 64,929,418 shares of General Motors Company (US: GM). This represents 4.3 percent ownership of the company. In their previous filing dated 2016-02-10, Harris Associates L P had reported owning 81,083,512 shares, indicating a decrease of -19.92 %.
Geode Capital Management LLC
Geode Capital Management is a systematic asset manager providing core beta exposures across a range of equity and niche asset classes. This company provides clients with a transparent investment process with a focus on risk-adjusted performance.
Mission, Vision, and Values
Mission
General Motors’ company mission is to earn customers for life by building brands that motivate passion and loyalty through not only breakthrough technologies but also by serving and ameliorating the communities in which we live and work around the world.
The following points are some of the components and features of General Motors’ mission-
- To earn customers for life
- Building brands that stimulate passion and loyalty
- Breakthrough technologies
- Serving and improving communities in which we live and work around the world
Vision
General Motors (GM) vision is to become the world’s most valued automotive company. This vision statement points to the leadership of the business while taking into consideration the conditions of the global market and the various factors at play.
Our vision is a world with zero crashes, zero emissions, and zero congestion. The following points are the main components of General Motors’ vision-
- World or global market
- Most valued company
Values
General Motors is based on 6 fundamental values. With these values, the company has embraced and countersigned principles, such as the GM Environmental Principles and the Global Sullivan Principles. These principles are compatible and congruent with the company’s values.
These are some of the components of the Strategic Management Process which need to be analyzed:
- Effect the New Strategy will have on the Leadership and Culture of the Organization
- Customers
- Excellence
- Relationships
- Seek Truth
- How the Outcomes will Affect Stakeholders
General Motors net worth or revenue
General Motors is an automobile manufacturer whose brands include Buick, Cadillac, and Chevrolet. The General Motors Company has a net worth of $57.36 billion. The production output is 9,958,000 vehicles, with having revenue of US $166.3 billion. Total assets in 2022 are US $221.6 billion, and total equity is US $58.43 billion.
Market capitalization contemplates all of a company’s stock in order to scale its worth. It is calculated by multiplying the number of outstanding shares by the share price. The higher the capitalization and the more value investors find in the company.
Spite of the fact that the stock suffered a precipitous decline in February 2020 and recuperated to pre-COVID-19 levels by the end of that year and is up almost 41% in the last year.
Market capitalization gives you a sense of what the market values a company at, however, it is based absolutely on market sentiment, which, in turn, is based on a multitude of consumer variables and market players.
The GOBankingRates assessment of a company’s net worth but think about solid figures like assets and revenue, taking into account full-year profits and revenue from the last 3 years and the company’s assets and debts.
FAQs
What companies own General Motors?
General Motors (U.S.) owns Buick, Cadillac, Chevrolet, and GMC. Hummer is now a GMC sub-brand. GM has a formal partnership with Honda to co-develop EVs. Honda Motor Co. (Japan) owns Acura and Honda.
Is General Motors an American owned company?
Along with Ford, General Motors is one of the oldest and most successful American auto companies. At its peak, GM was the world’s largest automaker and had a 50% market share in the U.S. It is currently the country’s largest automobile manufacturer through its four core brands: Chevrolet, Buick, GMC, and Cadillac.
Who did General Motors merge with?
The Chevrolet auto company and Delco Products joined GM in 1918, and the Fisher Body Company and Frigidaire joined in 1919 (the latter was sold in 1979).
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