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General Motors - Financial Ratio Analysis

I. General Motors History Highlights

In its early years the automobile industry consisted of hundreds of firms, each
producing a few models. William Durant, who bought and reorganized a failing
Buick Motors in 1904, determined that if several automobile makers would unite,
it would increase the protection for the group. He formed the General Motors
Company in Flint, Michigan, in 1908.

Durant had bought 17 companies (including Oldsmobile, Cadillac, and Pontiac) by
1910, the year a bankers' syndicate forced him to step down. In a 1915 stock
swap, he regained control through Chevrolet, a company he had formed with race
car driver Louis Chevrolet. GM created the GM Acceptance Corporation (auto
financing) and acquired a number of businesses, including Fisher Body,
Frigidaire (sold in 1979), and a small bearing company, Hyatt Roller Bearing.
With the Hyatt acquisition came Alfred Sloan, an administrative genius who would
build GM into a...

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Title: General Motors - Financial Ratio Analysis
Approximate word count: 2956
Approximate pages: 12 (250 words per double-spaced page)

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