Bailed out and buffed up, GM emerged from bankruptcy with a $20 billion public offering in November, the largest IPO in U.S. history. Early results look good: The automaker posted its first annual profit in six years. Daniel Akerson, GM's fourth CEO since the government's $50 billion rescue three years ago, plans to focus on four major brands -- Chevrolet, Cadillac, Buick, and GMC. The goal is to cut inventory, close plants and dealerships, and otherwise improve efficiency. One sign of success: Its latest model, the Chevy Volt plug-in hybrid, was named Motor Trend's Car of the Year. --P.N. |
| Key financials |
$ 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 |
— |
| Market value (3/25/2011) |
49,116.6 |
— |
| Profits as % of |
|
| Revenues |
4.6 |
| Assets |
4.4 |
| Stockholders' equity |
17.1 |
| Earnings per share |
|
| 2010 $ |
2.89 |
| % change from 2009 |
N.A. |
| 2000-2010 annual growth rate % |
N.A. |
| Total return to investors |
% |
| 2010 |
N.A. |
| 2000-2010 annual rate |
N.A. |
| 4 | Johnson Controls | 76 | 34,305.0 | | 5 | Goodyear Tire & Rubber | 139 | 18,832.0 | | 6 | TRW Automotive Holdings | 171 | 14,383.0 | | 7 | Navistar International | 204 | 12,145.0 | | 8 | Lear | 207 | 11,954.6 | | 9 | Paccar | 238 | 10,292.9 | | 10 | Oshkosh | 252 | 9,842.4 | | 11 | Icahn Enterprises | 270 | 9,119.0 | | 12 | Visteon | 319 | 7,466.0 | | 13 | Autoliv | 329 | 7,170.6 | | 14 | Dana Holding | 376 | 6,109.0 | | 15 | Tenneco | 386 | 5,937.0 | | 16 | BorgWarner | 403 | 5,652.8 | | 17 | Meritor | 463 | 4,882.0 |
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