GM Europe

Infobox_Company
company_name = General Motors Europe
company_
company_type = Divsion of
General Motors Corporation
company_slogan =
foundation = 1911
founder =
location = Zurich, Switzerland
locations = 11 manufacturing facilities in 8 countries
area_served = Europe
key_people = Carl Peter Forster, CEO
industry = Automotive
products = Automobiles
Engines
services = Financial services
market c

revenue =
operating_income =
net_income =
assets =
equity =
num_employees = 64,500 (2005)
parent = General Motors Corporation
divisions =
subsid = Opel, Vauxhall Motors, Saab, Chevrolet Europe
homepage = [http://www.gmeurope.com/ gmeurope.com]
footnotes =
intl = yes

General Motors Europe (often abbreviated to GM Europe) is responsible for the operation of General Motors Corporation businesses in Europe. GM Europe operates 11 production and assembly facilities in 8 countries, and employs around 64,500 people. [http://www.gmeurope.com/company/about_gm_europe.html GM Europe: 2005 at a Glance] ] Brands marketed in Europe are Opel/Vauxhall, Saab, Chevrolet, Corvette, HUMMER and Cadillac.

Overview

In Europe, GM operates 11 vehicle production and assembly facilities in eight countries and employs around 64,500* people. Many additional directly related jobs are provided by some 8,700 independent sales and service outlets. In 2005 GM's market share in Europe was 9.4%.

History

General Motors entered the European market only three years after the company's foundation in 1908. This involved the construction of Chevrolet cars in Denmark in 1923 and Belgium in 1925. This involvement was greatly expanded by the acquisitions of Vauxhall in 1925 and Opel in Germany in 1929. In 1986 GM bought Lotus group in England and 7 years later on August 27, 1993, GM sold the company, for £30 million to owners of Bugatti. GM acquired a 50 percent stake in Saab of Sweden in 1989, taking full ownership in 2000. General Motors also developed a partnership with and acquired a stake in Fiat in 2000. GM divested its minority equity interests and dissolved the partnership in 2005, following a legal fight regarding the conditions of a put option afforded Fiat.

ee also

* General Motors
* Opel
* Saab
* Vauxhall
* Bedford

References

External links

* [http://www.gmeurope.com/ Official Website]
* [http://www.gmeurope.info/ GM Europe Social Media Newsroom]
* [http://www.gmeurope.tv/ GM Europe web TV]
* [http://www.gmeurope.com/download/gme_corporate_presentation_pack_and_go.pdf GM Europe Corporate Presentation]

* [http://www.cadillaceurope.com/ Cadillac Europe]
* [http://www.chevroleteurope.com/ Chevrolet Europe]
* [http://www.corvette-europe.com/ Corvette Europe]
* [http://www.opel.com/ Opel International]
* [http://www.saab.com/ Saab International]
* [http://www.vauxhall.co.uk/ Vauxhall UK]