2008 GM - The Future of Engines and Transmissions - Full Size Picture 08EEC462524116A

General Motors Company, also known as GM, is a United States based automaker with headquarters in Detroit, Michigan.

By sales, GM ranked as the largest U.S. automaker and the world's second largest for 2008.[5] GM had the third highest 2008 global revenues among automakers on the Fortune Global 500.[6][5] GM manufactures cars and trucks in 34 countries, recently employed 244,500 people around the world, and sells and services vehicles in some 140 countries.[5]

On June 1, 2009 General Motors filed for Chapter 11 bankruptcy proceedings from which it emerged on July 10, 2009 in a reorganization in which a new entity acquired the most valuable assets. GM is temporarily majority owned by the United States Treasury and to a smaller extent the Canadian government,[3][7][8] with the US government investing a total of US$57.6 billion under the Troubled Asset Relief Program.[9]

While no GM shares are currently available to the public, the company plans an initial public stock offering (IPO) in 2010.[10]