General Motors Corporation, the world's largest vehicle manufacturer, designs, builds and markets cars and trucks worldwide. GM's vision is to be the world leader in transportation products and related services. The company will earn its customers' enthusiasm through continuous improvement driven by the integrity, teamwork, and innovation of GM's people. Founded in 1908, GM today has more than 288 major subsidiaries and sells its vehicles in more than 200 countries. GM has assembly, manufacturing, distribution, or warehousing operations in 53 countries. In 1999 GM sold about 8,678,000 cars and trucks for 15.8% of the world vehicle market - more than any other automaker. GM's major markets are North America, Europe, Asia Pacific, Latin America, Africa and the Middle East. Its largest market is North America, where it is in its 73rd year as market leader. GM cars and trucks are sold under the following brands: Cadillac, Chevrolet, Buick, GMC, Holden, Hummer, Oldsmobile, Opel, Pontiac, Saab, Saturn and Vauxhall. GM is investing aggressively in high technology and e-business within its global automotive operations and through such initiatives as e-GM, GM BuyPower, OnStar and its Hughes Electronics Corp. (NYSE: GMH) subsidiary. GM also operates one of the world's most successful financial institutions, General Motors Acceptance Corporation (GMAC). Other major subsidiaries include GM Locomotive Group and Allison Transmission Division. As part of its global strategy, the GM Group includes major alliances with Fiat S.p.A., Fuji Heavy Industries Ltd., Suzuki Motors Corp., and Isuzu Motors Ltd. GM also has strong technology collaborations with Toyota Motor Corp. and Honda Motor Co. 1999 was a year of significant accomplishment for General Motors. Buoyed by record industry sales in the United States, GM reported record annual revenue and earnings.
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