Investments
19Portfolio Exits
10Partners & Customers
10About General Motors
General Motors (NYSE: GM) operates as one of the world's largest automakers, traces its roots back to 1908. With its global headquarters in Detroit, GM employs a large number of people in every major region of the world and does business in some 140 countries. GM's OnStar subsidiary is in vehicle safety, security and information services. General Motors acquired operations from General Motors Corporation on July 10, 2009, and references to prior periods in this and other press materials refer to operations of the old General Motors Corporation.
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Expert Collections containing General Motors
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Find General Motors in 3 Expert Collections, including Synthetic Biology.
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Research containing General Motors
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CB Insights Intelligence Analysts have mentioned General Motors in 18 CB Insights research briefs, most recently on May 2, 2023.
Latest General Motors News
May 6, 2023
May 5, 2023 Cadillac’s entry into Formula 1 promises to be one of the soap operas of the coming months. The American giant already announced at the beginning of the year its intention to enter Formula 1 together with Andretti, but for the moment the matter is stopped because most of the teams do not want an eleventh structure. Now General Motors has taken another step so that its application is taken seriously by Formula 1. It is willing to develop your own engine for 2027. He would be the seventh driver on the grid and probably the definitive order for Cadillac to be able to run in Formula 1. Cadillac would have its own engine from 2027 Pese a the opposition of the rest of the teams to the entry of Cadillac, the FIA has already opened a door for the American manufacturer and Andretti to sneak into Formula 1. Two new places for teams will be up for bid soon, and Cadillac is the great favorite to win one of them. But still they want to be well received. For this reason, General Motors has taken the definitive step. In the words of Eric Warren, the executive director of General Motors’ competition department, “we are going to consider manufacturing the power units”. Warren believes that the conjunction of Andretti and Cadillac must be total, and that is why having your own engine is essential. If the idea crystallized, General Motors would be the seventh motorist other than Formula 1 with the new regulations, together with Ferrari, Renault, Mercedes, Honda, Audi and Ford. Of course, the plan would be to enter in 2027, and that until that date the Cadillac team would run motorized by another brand, presumably Renault or Honda. “We want to finally start and make sure we are competitive. Next we will decide what makes the most sense for us. I think it is difficult right now to make the engine 100%, I have always believed in the contribution of technical partners with whom you can work together. We have the skills and we can do it,” Warren concluded. General Motors already works with hybrid engines both in IndyCar through Chevrolet and in WEC and IMSA through Cadillac. Now they could cross the final frontier and also be Formula 1 motorists. It would dispel any doubts about whether Cadillac was trying to be another Alfa Romeo, a brand for mere advertising purposes. What is becoming increasingly clear is that General Motors’ commitment to Formula 1 is very serious. We’ll see if it’s finally accepted.
General Motors Investments
19 Investments
General Motors has made 19 investments. Their latest investment was in Lithium Americas as part of their Corporate Minority - P2P on January 1, 2023.
General Motors Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
1/31/2023 | Corporate Minority - P2P | Lithium Americas | $320M | Yes | 1 | |
1/6/2023 | Series B | EnergyX | $50M | Yes | 3 | |
10/12/2022 | Corporate Minority - P2P | Queensland Pacific Metals | Yes | 2 | ||
1/12/2022 | Grant | |||||
11/22/2021 | Corporate Minority |
Date | 1/31/2023 | 1/6/2023 | 10/12/2022 | 1/12/2022 | 11/22/2021 |
|---|---|---|---|---|---|
Round | Corporate Minority - P2P | Series B | Corporate Minority - P2P | Grant | Corporate Minority |
Company | Lithium Americas | EnergyX | Queensland Pacific Metals | ||
Amount | $320M | $50M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 3 | 2 |
General Motors Portfolio Exits
10 Portfolio Exits
General Motors has 10 portfolio exits. Their latest portfolio exit was Wejo on November 18, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
11/18/2021 | Reverse Merger | 11 | |||
10/23/2020 | Reverse Merger | 13 | |||
10/1/2020 | Divestiture | General Motors - Credit Card Business | 8 | ||
Date | 11/18/2021 | 10/23/2020 | 10/1/2020 | ||
|---|---|---|---|---|---|
Exit | Reverse Merger | Reverse Merger | Divestiture | ||
Companies | General Motors - Credit Card Business | ||||
Valuation | |||||
Acquirer | |||||
Sources | 11 | 13 | 8 |
General Motors Acquisitions
3 Acquisitions
General Motors acquired 3 companies. Their latest acquisition was Cruise Automation on March 20, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
3/20/2022 | Other | $11,918.8M | Corporate Majority | 11 | ||
3/11/2016 | Other | |||||
1/19/2016 | Series C |
Date | 3/20/2022 | 3/11/2016 | 1/19/2016 |
|---|---|---|---|
Investment Stage | Other | Other | Series C |
Companies | |||
Valuation | |||
Total Funding | $11,918.8M | ||
Note | Corporate Majority | ||
Sources | 11 |
General Motors Partners & Customers
10 Partners and customers
General Motors has 10 strategic partners and customers. General Motors recently partnered with Samsung SDI on April 4, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
4/25/2023 | Partner | South Korea | General Motors and Samsung SDI Plan to Invest More than $3 … – PR Newswire `` It is a great pleasure to take the very first step to create a long-term industry-leading partnership with GM in the U.S. EV market , '' remarked Samsung SDI President and CEO Yoon-ho Choi . | 15 | |
4/24/2023 | Vendor | United States | GM recalls 40,000 Navistar-built trucks for fire risk Navistar Inc. is the contract manufacturer of GM 's medium-duty trucks . | 1 | |
4/14/2023 | Vendor | United States | Thermal runaway in EV battery packs: designing a mitigation strategy Apsen 's customers include General Motors , which has chosen PyroThin as the cell-to-cell barrier for Ultium , the modular battery and drivetrain platform that will power more than 30 new EV models . | 1 | |
3/31/2023 | Partner | ||||
3/31/2023 | Licensor |
Date | 4/25/2023 | 4/24/2023 | 4/14/2023 | 3/31/2023 | 3/31/2023 |
|---|---|---|---|---|---|
Type | Partner | Vendor | Vendor | Partner | Licensor |
Business Partner | |||||
Country | South Korea | United States | United States | ||
News Snippet | General Motors and Samsung SDI Plan to Invest More than $3 … – PR Newswire `` It is a great pleasure to take the very first step to create a long-term industry-leading partnership with GM in the U.S. EV market , '' remarked Samsung SDI President and CEO Yoon-ho Choi . | GM recalls 40,000 Navistar-built trucks for fire risk Navistar Inc. is the contract manufacturer of GM 's medium-duty trucks . | Thermal runaway in EV battery packs: designing a mitigation strategy Apsen 's customers include General Motors , which has chosen PyroThin as the cell-to-cell barrier for Ultium , the modular battery and drivetrain platform that will power more than 30 new EV models . | ||
Sources | 15 | 1 | 1 |
General Motors Team
51 Team Members
General Motors has 51 team members, including current Senior Vice President, Bob Ferguson.
Name | Work History | Title | Status |
|---|---|---|---|
Bob Ferguson | Senior Vice President | Current | |
Name | Bob Ferguson | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Senior Vice President | ||||
Status | Current |
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