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The General Motors Company ( GMC ) is a globally operating American automobile company , the world owns several brands. The company founded in 2009 with a US / Canadian majority stake as Vehicle Acquisition Holdings LLC took over as NGMCO, INC. with transfer and purchase agreement of June 26, 2009 finally on July 10, 2009 the assets (called 'GM Asset Sale') of the insolvent General Motors Corporation ( Old GM ). As the new General Motors Company LLC (alsoNew GMC ) she continues the business of Old GM . The former General Motors Corporation has been operating as Motors Liquidation Company since July 15, 2009 .
From 1931 to 2007 General Motors was the world's largest automobile manufacturer based on sales figures, but fell behind Toyota in 2008. In 2011 GM was briefly the largest automobile company again (based on sales figures) as a result of a natural disaster . In 2013, GM was in second place. In addition to automobiles, the group also produces vehicle components. Until 2006 he also offered financial services through his then subsidiary GMAC .
In 2012 General Motors concluded a cooperation with PSA Peugeot Citroën and took a 7% stake in PSA. The aim of the cooperation was to make GM Europe ( Opel / Vauxhall Motors ) more competitive through joint purchasing and the development of common platforms, for example . In August 2017 Opel and Vauxhall were taken over by Groupe PSA.
With a turnover of 122.5 billion US dollars and a profit of 6.4 billion US dollars, GM is the 47th largest company in the world according to Forbes Global 2000 (as of 2020). The automaker had a total market capitalization of $ 50.8 billion in early 2020.