Performs Better Than Big-Brand Drones but Costs Far Less

["DronePro 4K" <DronePro4KSuperior@…>]

Performs Better Than Big-Brand Drones but Costs Far Less

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o in 2009, General Motors of Canada Limited was not part of the General Motors Chapter 11 bankruptcy, the company shed several brands, closing Saturn, Pontiac, and Hummer, while selling Saab Automobile to Dutch automaker Spyker, and emerged from a government-backed Chapter 11 reorganization. In 2010, the reorganized GM made an initial public offering that was one of the world's top five largest IPOs to-date, and returned to profitability later that year. GM started negotiations but did not complete the sale of Saturn and Hummer to Penske and Sichuan Tengzhong Heavy Industry respectively.

Corporate governance

2nd generation Buick LaCrosse, an example of GM's revival following its restructuring in the aftermath of the Great Recession
Based on global sales in 2012, General Motors was ranked among the world's largest automakers in January 2013. Headquartered at the Renaissance Center in Detroit, GM employed approximately 180,000 people around the world as of December 2017. However, in 2018, GM cut approximately 14,000 jobs. In 2009, General Motors sold 6.5 million cars and trucks globally; in 2010, it sold 8.39 million.

As of April 2019, Mary Barra is the chief executive officer (CEO) and chairman of the board and Mark Reuss is the president. The head of design, Edward T. Welburn, was the first African American to lead a global automotive design organization, and was the highest ranking African American in the US motor industry in 2014. On July 1, 2016, he retired from General Motors after 44 years. He was replaced by Michael Simcoe.

As part of the company's advertising, Ed Whitacre announced the company's 60-day money-back guarantee and repayment of a $6.7 billion loan from the government ahead of schedule. 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. Barra also joined the GM board. From June 2009 to March 2011, the company had three chief executive officers and three chief financial officers.

Financial results
The company has reported annual profits since 2010.[citation needed] It can carry forward previous losses to reduce tax liability on future earnings. It earned $4.7 billion in 2010. The Wall Street Journal estimated the tax break, including credits for costs related to pensions and other expenses, can be worth as much as $45 billion over the next 20 years.

In 2010, General Motors ranked second on the list with 8.5 million units produced globally. 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. The Chevrolet brand was the main contrib

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