General Motors Company is the largest automobile manufacturer in the United States.
The company had started operating in 1900. Brothers Max and Morris Grabowsky created a truck for sale equipped with a single-cylinder horizontal engine. In 1902, the Rapid Motor Vehicle company was founded, which began producing trucks with a single-cylinder engine. It was originally founded by William C. Durant in 1908 as a holding company. It absorbs Rapid Motor Vehicle and all other small automobile companies in Michigan. In 1909, the first generation of GMC trucks was produced. And in 1916, the General Motors Corporation was founded.
In the early 2000s, the position of General Motors got worse, leading to bankruptcy and reorganization of the company. New GM appeared in 2009. GM’s new shareholder structure became as follows: 60% were received by the United States Government in exchange for financial assistance, 12% by the Government of Canada, 17.5% were received by the United Automobile Workers union, and 10.5% by GM’s creditors.
Currently, General Motors owns automobile brands such as Buick, Cadillac, Chevrolet, GMC, and Holden. Previously its produced Oldsmobile, Pontiac, Hummer, Saturn, Asüna, Acadian, Alpheon, Geo. Until 2008, the largest automobile manufacturer in the world for 77 years. Production is established in 35 countries, sales in 192 countries. The annual turnover is $166.5 billion (December 2017), the net profit is $19.322 billion. The company’s headquarters is located in Detroit (USA).
On October 8, 2007, an agreement was signed in the Republic of Uzbekistan on establishment of an enterprise with foreign investment in the form of a closed joint-stock company General Motors Uzbekistan with an authorized capital as of the registration date in the amount equivalent to $266.7 million, based on UzDaewooAuto, CJSC.
GM Uzbekistan JSC, Asaka, 250 thousand automobiles.
GM Uzbekistan JSC’s branch in Pitnak city – 40 thousand automobiles;
GM Uzbekistan JSC’s branch in Tashkent city – 10 thousand automobiles.
Staff: Over 10,000 people.
Main sales markets: Russia, Kazakhstan, Ukraine, India and other CIS countries.
Currently, 3 production sites of GM Uzbekistan JSC are producing 10 automobile models under the Chevrolet and Ravon brands, in particular, Matiz, Spark (R2), Nexia (R3), Cobalt (R4), Lacetti (Gentra) models are produced at the main production plant in the city of Asaka, Captiva and Malibu models in Tashkent city branch, Damas and Labo models in Pitnak city branch.
In April 2011, the Spark became the “Car of the Year in Russia 2011” in the “City Cars” nomination. In May 2018, it received the third degree of quality integration in the plant’s production process – BIQ III (Built-In Quality) certificate.