Company

General Motors

Description

American taxpayers still own part of General Motors. The U.S. government is eager to sell its remaining 19% stake in GM -- leftovers from the 2008 auto industry bailout.

In 2010, CEO Dan Akerson led the company through what was then the biggest IPO in history. Today, GM is focusing on selling cars abroad, with China being a key market. GM has roughly 15% market share in China now, and has said it will introduce 17 refreshed models there in 2013. Though the carmaker predicts only modest growth in U.S. and China auto sales this coming year, it is making money. GM is still one of the 50 most profitable companies in the Fortune 500, despite a 32% decrease in earnings in 2012, down from $9.1 billion in 2011 to $6.2 billion.



Headquarters

300 Renaissance Center Detroit, MI. 48265 313-556-5000

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