General Motors

General Motors (GM) is a US carmaker that was the world’s biggest, although Toyota is challenging it for the title. It was hard hit by the global financial crisis, needing a government bailout, but emerged from chapter 11 reorganisation in 2009, and held an initial public offering in 2010. It returned to profit in 2011.

Trump assails GM over car production in Mexico and threatens stiff tax

Trump slams GM over producing cars in Mexico

President-elect Donald Trump on Tuesday threatened to impose a “big border tax” on General Motors for making some of its Chevrolet Cruze compact cars in Mexico, an arrangement the largest US automaker defended as part of its strategy to serve global customers, not sell them in the United States.