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GENERAL MOTORS CORP. (GM)--A leading producer of cars and trucks in the U.S. and the largest U.S. exporter of vehicles. The company has manufacturing, assembly, and component operations in 50 countries. GM also holds business in telecommunications and space, aerospace and defense, consumer and automotive electronics, financial and insurance services, locomotives, automotive systems, and automatic transmissions. Currently, it has over 160 subsidiaries, joint ventures and affiliates. GM is a Fortune 500 company. Major subsidiaries include, GM North American Operations, GM International Operations, GM Acceptance Corp. Hughes Electronics, GM Electro-Motive Division, Allison Transmission. GM is partnered with over 30,000 supplier companies worldwide. Ramos Arizpe, Coahi, Mexico (subcompacts), Lansing Craft Center, Mich. (compacts), Lordstown, Ohio (subcompacts), Spring Hill, Tenn. (subcompact cars and suvs), Freemont, Calif. (NUMMI subcompacts), Oklahoma City, Okla. (compacts), Wilmington, Del. (compacts), Fairfax, Kan. (midsize), Oshawa #1, Ont. Canada (midsize), Oshawa #2, Ont. Canada (midsize), Hamtramck, Mich. (full-size), Orion Township, Mich. (full-size), Buick City, Mich. (full-size), Bowling Green, Ky. (sport cars), Ste. Therese, Que. Canada (sport cars), Arlington, Tex. (light-trucks, suvs), Flint, Mich. (light-trucks), Fort Wayne, Ind. (light-trucks), Oshawa Truck, Ont., Canada (light-trucks), Pontiac, Mich. (light-trucks), Silao, Guan, Mexico (suvs, light trucks), Linden, N.J. (suvs), Moraine, Ohio (suvs), Janesville, Wis. (suvs, vans), Toluca, Mexico (vans), Wentzville, Mo. (vans), Baltimore, Md. (vans), Doraville, Ga. (vans), Valencia, Venezuela (B-C-D-E class, vans, light-trucks), Alvear, Argentina (B-class), Sao Caetano du Sul, Brazil (B-C-D-E class), Sao Jose dos Campos, Brazil (B-class, light-trucks, suvs, vans), Santa Isabel, Argentina (light-trucks, suvs), Arica, Chile (light trucks, vans).
GM made a $2.40 billion equity swap with Fiat S.p.A.(FIA) of Italy in March 2000. GM received a 20 per cent stake in the Fiat Auto car-making subsidiary, valued at about $2.40 billion. In return, Fiat acquired 5.1 per cent of GM, also worth about $2.40 billion. The two companies did not swap cash in the transaction.
GM currently is negotiating to acquire most of the assets of the bankrupt Daewoo Motor Co. car-making unit of the Daewoo Group conglomerate in Korea.