"
Finance

Is General Motors in Financial Trouble?

General Motors, the iconic U.S. automaker, is headquartered in Detroit. It’s one of the auto giants in the city. Detroit-Hamtramck is situated between Detroit and Hamtramck, Michigan. In 2020, GM revamped the plant and renamed it Factory Zero after its vision of “zero emissions, zero crashes, and zero congestion.” 

Now, the plant will only be utilized by the company to manufacture electric and autonomous vehicles. General Motors has spent nearly $2.2 billion to retool the factory to build EVs instead of gasoline vehicles. During 2019, General Motors planned to close the facility but changed its course after discussions with the United Auto Workers Union. Currently, the company has a significant presence in Detroit through this plant.

General Motors has 118 facilities and 11 of them are assembly plants. The company’s other manufacturing locations in the U.S. include:

  • Lordstown, Ohio
  • Fairfax, Kansas
  • Orion, Michigan
  • Wentzville, Missouri
  • Flint Assembly, Michigan
  • Arlington, Texas
  • Bowling Green, Kentucky
  • Fort Wayne, Indiana
  • Lansing Grand River, Michigan
  • Lansing Delta Township, Michigan

General Motors also has manufacturing plants outside the U.S. The plants are located in the UK, Spain, Hungary, Austria, Poland, Germany, Australia, Canada, Thailand, India, Korea, Vietnam, Russia, Mexico, China, and Indonesia.

View more information: https://marketrealist.com/p/is-general-motors-in-financial-trouble/

See more articles in category: Finance
See also  How IBM’s Strategic Imperatives Segment Performed in 3Q17

Leave a Reply

Back to top button