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Shortly thereafter, he again lost control, this time for good, after the new vehicle market collapsed. Sloan was picked to take charge of the corporation, and led it to its post-war global dominance when the seven manufacturing facilities operated by Chevrolet before GM acquired the company began to contribute to GM operations.
These facilities were added to the individual factories that were exclusive to Cadillac, Buick, Oldsmobile, Oakland, and other companies acquired by GM.
In 2011, GM returned to the first place with 9.025 million units sold worldwide, corresponding to 11.9% market share of the global motor vehicle industry.
The top two markets in 2011 were China, with 2,547,203 units, and the United States, with 2,503,820 vehicles sold.
At the beginning of the 20th century, there were fewer than 8,000 automobiles in America, and Durant had become a leading manufacturer of horse-drawn vehicles in Flint before making his foray into the automotive industry in 1904 by purchasing the fledgling Buick Motor Company.
On December 12, 2013, GM announced that Mary Barra, 51, executive vice president, Global Product Development, Purchasing and Supply Chain, was elected by the board of directors to become the next CEO of the company succeeding Dan Akerson on January 15, 2014. The company has reported annual profits since 2010.
It can carry forward previous losses to reduce tax liability on future earnings. The Wall Street Journal estimated the tax break, including credits for costs related to pensions and other expenses can be worth as much as billion over the next 20 years.
These have included Euclid and Terex (earthmoving/construction/mining equipment & vehicles); Electro-Motive Diesel (locomotive, marine, and industrial diesel engines); Detroit Diesel (automotive and industrial diesel engines); Allison (aircraft engines, transmissions, gas turbine engines); Frigidaire (appliances including refrigeration and air conditioning); New Departure (bearings); Delco Electronics and ACDelco (electrical and electronic components); GMAC (finance); General Aviation and North American Aviation (airplanes); GM Defense (military vehicles); and Electronic Data Systems (information technology).
General Motors produces vehicles in 37 countries under various brands that include: Chevrolet, Buick, GMC, Cadillac, Holden, HSV, Wuling, Baojun, Jie Fang, and Ravon.