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CNF, a Palo Alto, Calif. -based transportation giant, holds the majority stake in the new firm, but Detroit-based GM retains voting control. GM wants to gradually outsource more than $5 billion in annual logistics functions to Vector, which will implement a single technology platform for managing the process.
The companys major products include automobiles and trucks, automotive components, and engines, and it is also engaged in financial services. GMs headquarters are in Detroit.
General Motors Company (sometimes referred to as we, our, us, ourselves, the Company, General Motors, or GM) was incorporated as a Delaware corporation in 2009.
The Government-backed deal saw the original company sell its assets and some subsidiaries to form a new company using the General Motors trademark. What is this? Today, General Motors remains a docHub global presence producing 6.829 million vehicles in 2020 with revenue of $122.48 billion.
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