Financial Information
GM dealers sold 558,092 cars and trucks in June of 2005 up 41% compared to June of 2004. Gm had the best monthly sales since September 1986. The calendar year to date sales are up 2.5% for the 2005 year. Sales were spiked by GMs “Employee discount for everyone.” “We are confident that are employee discount program would hit a responsive cord, but we were a little surprised by just how strong the results were, including bringing over one hundred and fifty thousand new customers into the GM family in June. This definitely moves us in the right direction as we gear to introduce our 2006 models,” says Mark LaNeve, GM vice president of sales and marketing.
GM of North America in June of 2005 produced 416,000 vehicles compared to 482,000 vehicles in June of 2004. GM had too much inventory and had to run an incentive program that worked. Globally GM has been an industry leader since 1931 and was founded in 1908. GM employs 321,000 individuals world wide. GM has Manufacturing operations in 32 countries and sells vehicles in 200 countries. In 2004 GM sold nearly 9 million vehicles globally. GM was up nearly 4% and posted its second highest total in company history.
Incentives are ran by a company to try and entice a customer to purchase a vehicle. It is a temporary jump start for sales. The last couple years consumers have expect low rates but now GM throws out the employee pricing. Consumer would let the incentives break the tie on which vehicle to purchase. This day in age everyone has low rates ,cash rebates but now employee discount, good thing GM was the leader of the pack.
The financial outlook for present GM is superb and the employee discount drastically sparked sales for a temporary time period. The reason GM had to run an incentive program was the cause of abundance of Inventory and employees are too expensive to maintain. (Pension, benefits…..) Gm had an increase in finished product, service parts, etc… between 2003 and 2004 in other words, total inventories increased by nearly one million dollars, as sales decreased during that time period. GM has also seen a rise in healthcare and other benefits in the United States. In 2004 GM had an obligation expense 89,384 million which GM had to pay for its current employees and past employees for the year in benefits.
GM Financial Overview Introduction The General Motors Corporation is a multifaceted company but its primary function is the manufacturing of automobiles and light trucks (SIC 3711). The General Motors stock is listed on the New York Stock Exchange and has approximately 1,426,592,046 outstanding shares on the marketplace, as of 10/14/2001. It is headquartered in Detroit Michigan with offices around the world. General Motors has many other operations besides automobile manufacturing including:
to mind, chief among these being Ford Motor Company and General Motors (GM). As part of the American Big Three (Farlex, 2009), Ford and GM have been staples in the automotive industry since the early 1900s (CarBrandsHQ, n.d.). Each organization has developed similar, yet unique, product lines that can be seen en masse on streets and highways across our nation. However, despite functioning within the same industry, the financial statements of both organizations prove they manage their finances quite
Introduction General Motors Corp. (NYSE: GM), the world's largest automaker, has been the global industry sales leader for 76 years. General Motors was founded 1908, in Flint, Michigan and currently employs approximately 284,000 people around the world. GM's global headquarters is the Renaissance Center located in Detroit, Michigan, USA, They currently manufacture their cars and trucks in 35 different countries. Its European headquarters are based in Zurich, Switzerland, and its Holden headquarters
General Motors, like any other business, is exposed to interest rate risks related to certain financial instruments, primarily debt, capital lease obligations and certain marketable securities. As per the GM audited financial statements for 2014, it states “we did not have any interest rate swap positions to manage interest rate exposures in our automotive operations. At December 31, 2014 and 2013 the fair value liability of debt and capital leases was $9.8 billion and $6.8 billion. The potential
excellent arguments. Advocates claim that the world may benefit greatly from the production and consumption of GM foods, especially those countries with high rates of poverty and starvation. Experts insist that the GM products will put an end to world hunger. It is estimated that the world population will grow up to 9 billion people in 2050, and a good alternative to feed them is the GM products. Nowadays, in almost all African countries people are dying because of hunger and hunger-related diseases
Operations Strategy : Hyundai Automotive Industry Question 1. The automotive industry is one of the main ingredients of the Korean national growth. In 2004, Hyundai Motor Company had $57.2 billion in sales in South Korea making it the country's second largest corporation. It is also the world's seventh largest car maker. In 1998, Hyundai acquired rival Kia Motors. This acquisition brings the first element of the firm competitive strategy. The Hyundai motor company is today aiming to establish
entrepreneurship and innovation concepts, which are essential to competing in the global market place.(2) In the spirit of entrepreneurship, which is the process of discovering new ways of combining resources,(5) General Motors is a majority shareholder in GM Daewoo Auto & Technology Company of South Korea, and has product, powertrain and purchasing collaborations with Suzuki Motor Corporation in Japan.(3) These associations allow General Motors to maneuver into specific customer markets and broaden its
genetically modified foods. But, what we do know is alarming. Most of the debate surrounding GM foods are focus on the following three issues: 1. Human and environmental safety, 2. Labeling , and 3. Consumer choice. In this section of the paper I will be discussing how genetically modified food can be dangerous on the health of humans. First we will start with the definition of Genetically Modified (GM) is “a special set of technologies that alter the genetic makeup of such living organisms as animals
side of the issue, the simple fact is that genetically modified (GM) foods are a reality, especially in the United States, as they are already present in many products that are consumed on a daily basis. Just as the market for GM foods has increased, the level of opposition has increased as well, even up to the point of terrorist action against producers, growers, and sellers of genetically modified foods. So the question is posed, will GM foods be the future or the failure of our agricultural system
Genetically Modified Crops Genetically modified crops (GM crops) climb to the top on the hotly debated issues list of society. In 1996, no GM crops were cultivated on a commercial scale in the United States. In 2002, 75% of soya, 71% of cotton, and 34% of all maize grown in America is GM ("Grim Reaper" 1). Many issues surround this controversial topic such as safety, ethics, and foreign relations. Many of these concerns are well stressed in mass media, but sometimes biased views are the
The two videos’ main topic is Keynote Ginni Rometty’s speech about IBM Watson and the impact of cognitive computing. The video role is Keynote Ginni Rometty who is IBM company CEO. Summarize her speech; I can understand three impacts about Watson, which are the AI for business, Watson cognitive computing change enterprise and Watson transforming industries. Firstly, Watson is a good AI platform for business. According to Watson being impacted many people through shopping, weather, education, and
Daewoo Group and Financial Business Problem Definition Daewoo group started as a small textile company and in just 20 years developed into second largest Korean chaebol ( family owned conglomerate). It had over 250000 employers worldwide, over 30 domestic companies and 300 overseas subsidiaries, generating sales of more than 100 billion dollars annually. However, in 1999 it seemed that the ‘golden days’ of Daewoo were over as it was faced with over 50 billion dollars dept and had to decide
Can religions and cultures be anything more than their history? Why do we have a concept of history in the first place? Obviously history exists, but like the human ability to conceive of the future, history seems to be a rare phenomenon tied with our ability for language and the telling of stories. What’s even more fascinating is the human ability to make up a history or to tell a story, such as a creation myth, that seeks to explain something that has not been witnessed by anyone and does not
.. middle of paper ... ...with his two factors that workers have a set of motivators that it is best to concentrate on as this will lead to more job satisfaction and so improved motivation, of these motivators none of these were financial rewards. Improving financial rewards will lead to less job dissatisfaction and not job satisfaction or improved motivation for the work. Taylor argues that workers are like donkeys and that money is the main motivation, this is because in the capitalistic world
The Financial Cost of Technology in Education Think about how much it costs you or your family to keep up with the latest computer technology. Also think about about how much you pay at home for a high speed internet connection. Not to mention, the security, adware, and virus protection software you must purchase to ensure your computer keeps working properly. Consider how much it costs to outfit a single classroom with this technology, or even an entire school. Schools are still expected