At about 17 percent, General Motors (GM) held a significant portion of the U.S. market in 2018. However, over the course of the last two decades, GM has lost a considerable amount of market share, which stood at about 28 percent some 18 years ago.
The company
General Motors is a multinational company headquartered in Detroit, and is ranked among the leading automobile manufacturers worldwide. GM has had some variability in the number of cars sold worldwide with a decline in recent years, especially after selling the Opel and Vauxhall brands to PSA. However, GM's financial statements indicate that there has been a recent increase in income globally, with 2016 having the highest sales revenue. GM includes many brands such as Chevrolet, Buick, GMC, Cadillac, Holden, and several other companies.
The global automotive industry
The global automotive industry is facing new challenges with the advent of smart technology. Recent years have seen the greatest production volume of cars and commercial vehicles around the world. In 2018 the brands with the highest value globally were Toyota, Mercedes-Benz and BMW. Despite the pressure from other industries, the North American light vehicle production is expected to remain stable.
The company
General Motors is a multinational company headquartered in Detroit, and is ranked among the leading automobile manufacturers worldwide. GM has had some variability in the number of cars sold worldwide with a decline in recent years, especially after selling the Opel and Vauxhall brands to PSA. However, GM's financial statements indicate that there has been a recent increase in income globally, with 2016 having the highest sales revenue. GM includes many brands such as Chevrolet, Buick, GMC, Cadillac, Holden, and several other companies.
The global automotive industry
The global automotive industry is facing new challenges with the advent of smart technology. Recent years have seen the greatest production volume of cars and commercial vehicles around the world. In 2018 the brands with the highest value globally were Toyota, Mercedes-Benz and BMW. Despite the pressure from other industries, the North American light vehicle production is expected to remain stable.
