Based in Detroit, the American automotive manufacturer General Motors (GM) has consistently ranked among the leading automakers worldwide in terms of revenue. In its 2021 fiscal year, General Motors (GM) generated 127 billion U.S. dollars in revenue—a slight increase compared to the 2020 fiscal year, which was still nearly 15 billion U.S. dollars below pre-pandemic financial performance. In contrast, GM’s sales volume has steadily been dipping down since 2016, reaching below 6.3 million units in 2021. The 2016 sales drop corresponds with a loss of around 257 million U.S. dollars from GM’s operations in Europe during that same year, leading the automaker to sell its Opel and Vauxhall brands to the PSA Group in March 2017. The brands represented between 11 and 12 percent of GM’s sales.
That said, the U.S. were surpassed by China in terms of unit sales. General Motors sold almost three million vehicles in China, which represents GM's largest market in terms of vehicle sales. Although most of its cars are assembled in the United States, GM also manufactures a large percentage of cars in Asia: Most of GM’s cars dedicated to the Chinese market are produced locally, and a Buick was the first car to be produced in Shanghai’s GM plant in 1998. The automaker’s joint venture with SAIC and Wuling was also among the leading new energy vehicle brands in China in 2020, which was the country with the largest plug-in electric vehicle fleet as of that year.
While GM is one of the global EV market leaders, it has faced stiff competition in its home market. In the U.S., Tesla dominates the EV market with their Model Y and Model 3 in first and second ranking, respectively, followed by Ford’s Mustang Mach-E which raked third among the best-selling plug-in electric cars in 2021. With under 25,000 sales in the country, the Chevrolet Bolt sold over five times less than Tesla’s Model 3.
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In the following 5 chapters, you will quickly find the 29 most important statistics relating to "General Motors".