The Rapid Motor Vehicle Company was started in
1902 by Max Grabowski.
It was the manufacturer of some of the earliest trucks and was
purchased in 1909 by GM. In 1912 the name GMC was first used at the New
York Auto Show and in 1996 the suffix Truck was dropped.
What most people don't know is that GMC also makes cars.
In 1902 Max Grabowski founded a company called the "Rapid Motor
Vehicle Company", which developed some of the earliest commercial trucks
ever designed. In 1909 the company was bought by General Motors to form
the basis of the General Motors Truck Company, from which GMC Truck was
made. In 1912 the name "GMC Truck" was first shown at the New York Auto
Show. In 1996 GM dropped the word 'truck' from the GMC Truck name, thus
creating the GMC name as we know it today. There never was a Grabowski
Motor Company or a Grabowski Motor Corp.
They now make personal automobiles, as well as pickup truck and bus
engines.
General Motors Corporation NYSE: GM, also known as GM, is a United
States-based automobile maker with worldwide operations and brands
including Buick, Cadillac, Chevrolet, Daewoo, GMC, Holden, Hummer, Opel,
Pontiac, Saturn, Saab, and Vauxhall Chevrolet and GMC divisions produce
trucks, as well as passenger vehicles. Other brands include ACDelco,
Allison Transmission, and General Motors Electro-Motive Division that
produces diesel-electric locomotives. GM also has stakes in Isuzu,
Subaru, and Suzuki in Japan and a joint venture with AutoVAZ (Lada) in
Russia. In December 2003, it acquired Delta in South Africa, in which it
had taken a 45 percent stake in 1997, and which is now a fully-owned
subsidiary, General Motors South Africa.
GM's headquarters are in the Renaissance Center in Detroit, Michigan.
General Motors is the world's largest vehicle manufacturer and
employs over 340,000 people. In 2001, GM sold 8.5 million vehicles
through all its branches. In 2002, GM sold 15 percent of all cars and
trucks in the world. They also owned Electronic Data Systems from 1984
to 1996 which is a former Ross Perot company and, prior to selling it to
News Corporation, DirecTV. GM owned Frigidaire from 1918 to 1979.
The current chairman (since May 1, 2003) and chief executive officer
(since June 1, 2000) is Rick Wagoner, succeeding John F. Smith, Jr.
General Motors is selling its 20 percent stake in Fuji Heavy
Industries, the parent of Subaru, in a deal that could raise more than
$700 million as per news released on October 6, 2005.
Also, General Motors Canada auto workers voted on Sunday to ratify a
new contract that will lay off 1,000 workers over the next three years,
the Canadian Auto Workers and GM said.
General Motors lost 2.5 billion dollars last year, and would have
made a profit if it was not saddled with 6 billion dollars in health
costs.
The UAW and GM are now reaching agreement to reduce this health cost
by about 1 billion dollars annually.