The General Motors Corporation (GM or GMC) was first established within the United States in 1908 and has now grown into one of the largest international and transnational car producer in the world. In fact, in the current year of 2008, the GMC is employing a huge number of employees accounting to nearly 266,000 people globally while being ranked nine on the Fortune's Global 500 list. The GMC is second in both regards only to the Toyota Motors that maintains the number five on the Fortune's Global 500 and employs a total account of 316,000 people.
             Currently the expanse or coverage of GMC and its manufactured cars spreads across 35 different countries and over a dozen different brands. Some of the brands that are associated with the GMC include the likes of: GMC Holden, Wuling, Hummer, Pontiac, Buick, Saturn, Cadillac, GM Daewoo, Opel, Chevrolet, Saab and Vauxhall. Furthermore, the over GMC financial policy is so strong that even when the corporation lost a total of 4 cents for every share last year, accounting to over US$ 23 million, it was still able to have an equal year-end balance sheet. This they were able to do so by ordering cash of a total US$ 38.3 billion in the form of noncash charge in the 2nd half of the same year. This they claimed was to fulfill the money owed for the delayed taxes. This gave them at least US$ 68 for each share owned. So even though the loss that they faced in 2007 accounted to a total over US$ 2 billion, the company's stats showed nothing of it (taken from www.gm.com/corporate; also see, Bensinger and Green, 2008).
             General Motors (GM) was first established as aforementioned in 1908 as an investment firm for the brand Buick. This brand was at the time managed by William C. Durant who also incorporated into the corporation firms like Oakland (now Pontiac), Cadillac, Saab and Elmore among others. The GMC in an effort to expand undertook several companies by the end of 1909. However, the...