General Motors General Motors General Motors Company, commonly referred to as General Motors (GM), is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters in Detroit's Renaissance Center. It was originally founded by William C. Durant on September 16, 1908 as a holding company. The company is the largest American automobile manufacturer, and one of the world's largest. As of 2018, General Motors is ranked #10 on the Fortune 500 rankings of the largest United States corporations by total revenue. General Motors manufactures vehicles in 37 countries;
General Motors Europe the GM board called off the Magna deal after coming to the conclusion that Opel was crucial to GM's global strategy. With ongoing restructuring plans Opel announced the closure of its Antwerp plant in Belgium. Originally GM planned to sell Saab to Swedish sportscar maker Koenigsegg. On June 11, 2009 a letter of intent was signed by GM to sell Saab to Koenigsegg., but the deal fell through in November 2009. On January 26, 2010 Saab was sold to Spyker Cars, forming a company now known as Swedish Automobile. General Motors Europe General Motors Europe (often abbreviated to GM Europe)