GM presents separate supplemental financial information for the following
businesses:
o'Automotive and Other Operations
o'Financing and Insurance Operations
GM participates in the automotive industry through the activities of its
automotive business operating segment General Motors Automotive (GMA) which
is comprised of four regions:
o'GM North America (GMNA),
o'GM Europe (GME),
o'GM (GMIO) Asia Pacific/Africa/Mid-East and
o'GM (GMSA) South America
GMNA designs, manufactures, and/or markets vehicles primarily in North America
under the following nameplates: Chevrolet, Pontiac, GMC, Oldsmobile, Buick,
Cadillac, Saturn, and HUMMER.
GME, GMIO, and GMSA primarily meet the demands of customers outside North America
with vehicles designed, manufactured, and/or marketed under the following nameplates:
Opel, Vauxhall, Holden, Saab, Buick, Chevrolet, GMC, and Cadillac. GMs automotive
regions also have equity ownership in Fiat Auto Holdings (FAH), Fuji Heavy Industries
Ltd., Suzuki Motor Corporation (Suzuki), Isuzu Motors Ltd., Shanghai General
Motors Corporation (SGM), SAIC-GM-Wuling Automobile Company Ltd., and GM Daewoo
Auto & Technology Company (GM Daewoo).
These investees design, manufacturer and market vehicles under the following
nameplates: Fiat, Lancia, Alfa Romeo, Subaru, Suzuki, Isuzu, Buick, Wuling,
Daewoo, and Chevrolet.
GMs other operations include the design, manufacturing and marketing of locomotives,
the elimination of intersegment transactions, certain non-segment specific revenues
and expenditures, and certain corporate activities.
GMs Financing and Insurance Operations primarily relate to General Motors Acceptance
Corporation (GMAC). GMAC provides a broad range of financial services, including
consumer vehicle financing, automotive dealership and other commercial financing,
residential and commercial mortgage services, automobile service contracts,
personal automobile insurance coverage and selected commercial insurance coverage.
Substantially all automotive-related products are marketed through retail dealers
and distributors in the United States, Canada, and Mexico, and through distributors
and dealers overseas.
Competitive Position
GMs principal competitors in passenger cars and trucks in the United States
and Canada include Ford Motor Company, DaimlerChrysler Corporation, Toyota Corporation
(Toyota), Nissan Motor Corporation, Ltd., Honda Motor Company, Ltd., Mazda Motor
Corporation, Mitsubishi Motors Corporation, Volkswagen A.G. (Volkswagen), Hyundai
Motor Company, Ltd. (Hyundai), and Bayerische Motoren Werke AG (BMW). All but
Volkswagen and Hyundai currently operate vehicle manufacturing facilities in
the United States or Canada. Toyota and GM operate the New United Motor Manufacturing,
Inc. facility in Fremont, California as a joint venture which currently builds
passenger cars and light-duty trucks.
Suzuki and GM operate CAMI Automotive Inc. in Ingersoll, Ontario as a joint
venture which currently builds light-duty trucks.