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
Chrysler R platform Chrysler R platform The Chrysler R platform was introduced for the 1979 model year as an attempt to compete with General Motors' downsized standard line (introduced 1977) and the new Ford Panther series. It comprised six models and lasted just three years. As the middle of the 1970s approached, Chrysler was facing an increasingly worrisome organizational and financial situation due to a combination of internal and external factors. The company had suffered the embarrassment of releasing new, bulkier full-sized C-body models for 1974 which promptly flopped due to the 1973 OPEC oil embargo, and unable to fix the mounting difficulties