General Motors Dutch automaker Spyker, and emerged from a government-backed Chapter 11 reorganization. In 2010, the reorganized GM made an initial public offering that was one of the world's top five largest IPOs to date, and returned to profitability later that year. Based on global sales, General Motors is routinely among the world's largest automakers. Headquartered at the Renaissance Center in Detroit, GM employs approximately 180,000 people around the world. In 2009, General Motors sold 6.5 million cars and trucks globally; in 2010, it sold 8.39 million. , Mary Barra is the chief executive officer (CEO) and chairman of the board and
General Motors Precept General Motors Precept The General Motors Precept was a 2000 low emission vehicle concept car aimed at meeting the fuel economy goal of the Partnership for a New Generation of Vehicles between the US Government and GM, Ford, and Chrysler. GM was able to meet the fuel economy goal with the Precept, creating versions using Lithium and NiMH batteries with diesel, fuel cell and other hybrid version of the car. GM ended the project in 2000, claiming no one would be interested in buying a high fuel economy vehicle. The near-term PNGV program, introduced during the Clinton Administration, was terminated