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20. General Motors
General Motors
Financials: Latest Results
Rank: 20 (Previous rank: 38)
CEO: Daniel F. Akerson
Employees: 202,000
Address: 300 Renaissance Center
Detroit, Michigan  48265
Country: U.S.
Website: www.gm.com

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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Is General Motors a great company, or what?
  $ millions % change from 2009
Revenues 135,592.0 29.6
Profits 6,172.0 N.A.
Assets 138,898.0 --
Stockholders' equity 36,180.0 --
Profits as % of  
Revenues 5
Assets 4.4
From the July 25, 2011 issue
After company went public, Nov. 18, 2010, the U.S. government stake was reduced to 33.3% from 60.8%.
Editor's note: Chrysler Group was erroneously omitted from the Global 500 listing. With revenue of $41.9 billion, Chrysler ranks No.205 among all the companies in the world and 61st in the U.S. As a result, Bristol-Myers Squibb, which had ranked No.500, falls off the list. Updates may be found for the full list, rankings by country, and the list of arrivals. Fortune regrets the error.
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Rank # of Global 500 Companies
U.S. 133
Japan 68
China 61
Company 2010 Number of Employees
Wal-Mart Stores 2,100,000
China National Petroleum 1,674,541
State Grid 1,564,000
Company 2010 Profits
($ millions)
Nestlé $32,843
Gazprom $31,895
Exxon Mobil $30,460
FAQ and methodology
All companies on the list must publish financial data and report part or all of their figures to a government agency. In the U.S., private companies and cooperatives... More
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