America’s biggest car maker is a Fortune 500 stalwart: It has appeared on the list every year since the ranking’s 1955 debut. Like the rest of the auto industry, the Mary Barra-led company—the largest female-led firm on this list—has had a tough year, which is reflected in its two-spot drop in the rankings. Annual revenues were down 5.5% as wholesale volumes shrank and inventory ballooned in the wake of reduced demand. The automaker has moved aggressively to counter those trends, though, by reducing inventory and rolling out several new models in the surprisingly strong crossover, SUV, and truck categories. The company believes its belt-tightening and strategic refocus, while costly in the short term, will position it for a solid 2018.
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News about General Motors
The UAW said GM employs more than 15,000 production workers in Mexico and pays them $3 an hour.
Only one other company has made it.
General Motors Co. is about to have two of the auto industry’s highest-ranking women at the top of its executive ranks.
The two companies are becoming rivals.
There were no serious injuries.