LEGAL ADVICE: GENERAL MOTORS CORPORATION

Legal Advice: General Motors Corporation

Legal Advice: General Motors Corporation

Introduction

General Motors (or GM or General Motors Corporation) is an automobile manufacturer American based in Detroit in Michigan, the United States. The company was founded in 1908 by William Crapo; however, it was his successor Alfred P. Sloan who made ??the biggest automaker in the world between 1931 and 2007.

Performance

In 2010 the company became the second automaker in the world of sales by implementing the 8.39 million vehicles. But already in 2011 the company once again became the first in the world in sales among automakers by implementing the 9.03 million vehicles.

The company's revenue for the US GAAP for 2010 was $ 135.6 billion, operating profit - $ 5.7 billion, net profit - $ 4.7 billion. Revenues for 2008 totaled $ 148.98 billion (in 2007 - $ 181 billion) net loss - $ 30.86 billion (in 2007 - a net loss of $ 38.7 billion).

Five Year Initiatives

Basing on the current plans of General Motros, they are targeting for achieving the breakeven results on EBIT adjusted basis before the restructuring for the whole year. However General Motor is expecting on the material impacting on the full-year results from the current crises. GM uses following imitative plan for their business: General Motors prepares for future with next-generation information networks for global manufacturing operations; on track to achieve 166% over five years. In 2010, it was listed as the second largest automaker in the world, and for the first half of 2011, GM was actually listed as the first largest (Sastry, 1997).

Greener Vehicles

The engineers at GM are working tirelessly to develop advanced technologies for automobiles that will allow for improved fuel economy, a reduced dependence on the need for petroleum, and less carbon dioxide emissions.

Energy Efficiency

GM has also been able to reduce carbon dioxide emissions by 30 percent. Currently, seven facilities house 30 megawatts of solar energy, with plans to double that amount by 2015.

Resource Preservation

At GM, the goal is to help in the preservation of natural resources as well as enhance the natural habitats that surround all facilities.

Conservation of data messages and documents

When the law requires that certain documents, records or information be retained, that requirement is met, provided that the following conditions:

That the information contained therein is accessible for later reference;

That is conserved, if any, with information to determine the origin, destination of the message, ...