Rank: 20 (Previous rank: 38)
CEO: Daniel F. Akerson
Address: 300 Renaissance Center
Detroit, Michigan 48265
General Motors is back on its feet again after its bailout in 2008, but the automaker has a long way to go. GM went from bankruptcy in 2009 to delivering the biggest IPO in history in November 2010, raising about $20 billion.
"Let me assure you, no one is doing a victory lap," CEO Dan Akerson said during the second annual shareholders meeting of the new GM. But he did say that he saw the bankruptcy as a kind of opportunity.
"As perverse as it may sound, the bankruptcy, as difficult as it was, may have been not only a second chance but a rebirth of a great 21st century global manufacturing company," Akerson said.
What will that rebirth look like going forward? Akerson plans to increase the company's already large market share in BRIC countries and focus on the Chevrolet and Cadillac brands. The company also aims to gain full independence from the U.S. government (the government currently holds a 32% stake in GM common stock), although the two sides disagree over the best way to proceed. --S.D.
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|Company||2010 Number of Employees|
|China National Petroleum||1,674,541|