• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Report on Business Growth

Extracts from this document...

Introduction

Report on Business Growth General Motors co. is the world's second largest automaker after Toyota. Founded in 1908, General Motors employ approximately 250,000 people around the globe. It manufactures cars and trucks in 34 countries, and was the world's sales leader from 1931 to 2007. GM cars and trucks are sold globally under 13 brands; Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holde, Hummer, Opel, Pontiac, Saab, Saturn, Vauxhall and Wulling. Just in 2008, more than 18 million of these cars were sold in more than 140 countries. In 1990s, the economy in the USA was on the rise and General Motors gainer market share, making enormous profits from the sale of trucks and sport-utility vehicles. After 9/11 attacks, General Motors began its 'Keep America Rolling' to overcome the stock market decline. The campaign boosted sales, and forced other auto makers to follow. In 2004, General Motors redirected funds from the development of sedans to development of light trucks and sport-utility vehicles. ...read more.

Middle

In the last decade, Japanese and European automotive industry invested a lot of money in new engines and engines with lower power consumption. European and Japanese automotive companies are already mass producing hybrid cars that reduce energy consumption and contribute a lot to a cleaner environment. Even in the U.S. megalomaniacal way of life will have to be adjusted and energy consumption will have to be reduced and GM will also have to adapt this. GM will have to ask for more financial help from the U.S. government in order to survive the downturn in the automotive industry by investing in new engine technologies run by renewable sources. This is the only way of General Motors overcoming this recession. The Volvo Group is a Swedish merchant of trucks, buses, cars, construction equipment, aerospace components and also financial services. When incorporated in 1915 The Volvo Group was a Swedish ball manufacturer. ...read more.

Conclusion

It is a redistribution of global wealth from industrially most developed and richest countries (G7) onto different countries and continents (G20). This is to create a new world order, which will radically change the world, gradually, new technologies will be invented- new industrialization, attitude to the consumption of energy and living environment will have to change. If the automotive industry wants to avoid a further downturn, it will have to radically change and technologically adapt to new alternative energy sources. On the other hand, the way of life and how energy is used by the whole humanity will have to change thoroughly. World population is constantly increasing and energy consumption is also increasing and over-polluting environment, which has already reached a critical point. The world had come to a point, when restructuring of the world economy and the automotive industry won't be sufficient. Humanity needs a new world order, which will fairly divide global wealth among people and revive world economy and the relations towards the nature, by using new renewable energy sources. SOURCES: http://www.gm.com/corporate/about/ http://www.hoovers.com/general-motors/--ID__10640--/free-co-profile.xhtml http://www.kathylien.com/site/carry-trades/dollar-hangs-tight-on-gm-risk-recession-trades-still-on http://en.wikipedia.org/wiki/General_Motors http://biz.yahoo.com/ic/41/41854.html http://dic.academic.ru/dic.nsf/enwiki/386046 http://en.wikipedia.org/wiki/Volvo http://thefutureplace.typepad.com/the_future_place/2008/11/volvo-sales-indicate-recession.html http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a3XuqLiHF7eU http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=456069 ?? ?? ?? ?? ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Economy & Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Economy & Economics essays

  1. The Ohio Pilot Scholarship Program

    This contest can be read as the attempt of any particular city, as a collective, to struggle with the "values, expectations and frames of reference that serve to regulate and differentiate" that city from others. Thus, in this issue, the problem of a sense of place in precarious neighbourhoods in

  2. Economics of European Integration

    oligopoly structure, including again some risks, which affect competition and efficiency (Cournot equilibrium, Cartels, etc.). 4. Differences and similarities between deregulation in the European electricity sector and other European sectors The electricity industry belongs to a group of Network industries, which are characterised as "industries involved in delivery of products

  1. Kingfisher is the largest home improvement retailer in Europe and the third largest in ...

    This is also below the industry average of 0.6 which signals possible liquidity problems as Kingfisher won't be able to pay their short term obligations if creditors requested early payment. However, Kingfisher has unused overdraft facilities that could be drawn on and their stock is readily saleable will allow them

  2. Changes in the business environment and their impacts on business strategies.

    ECONOMICAL CHANGES AFFECTING BUSINESS Business want demand to grow in a steady and predictable fashion. Then all businesses can grow or at least continue producing and the pressures of competition are not too intense. When incomes start to fall because the economy is in recession, some business will be relatively unaffected.

  1. Global Business Plan.

    Our salespeople will be trained and very knowledgeable about our products. We intend on having a motivated sales staff. We will target hotels, automotive industry, industrial companies, consulting firms that are renting office space, middle class and upper class people Chinese nationals.

  2. Mexico’s Financial Crisis.

    When the stagnation period of the 1980's and the increase in the Mexican labor force was taken into consideration. It was seen that the economy did not grow over the period from 1981 to 1988, as some industry experts had stated.

  1. Local, national and European economies impact on two contrasting organisations within the UK, Vauxhall ...

    also boasts the widest range of UK-manufactured cars and vans, including Astra, Astravan Frontera, Vectra and Vivaro. Vauxhall's average total employment for the year was 8,362, excluding some 500 staff transferred to GM Fiat powertrain and purchasing joint ventures during 2001.

  2. A Report on US Japanese Economic Crisis - 2001.

    But they did not, for they did not get much to vilify the democrats on economic ground. Rather the democrats boasted and bragged about their economic achievements in their election campaign. A number of factors worked together to bring about the slide.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work