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General Motors: The Most Profitable Automakers

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General Motors is one the biggest and most profitable automakers in the United States. In 2013, they generated a profit of 4.5 billion. General Motors manufactures car brands such as Chevrolet, Saturn, Cadillac, Pontiac, Oldsmobile, and Hummer. The company was founded in 1908, by William Durant in Flint, Michigan. The original company sold carriages, but Durant saw an opportunity in automobiles, which proved to be successful even in its early years. Over the past hundred years General Motors has expanded in the global markets reaching Asia, South America, and Europe.
In 2008, during the great recession, General Motors was struggling financially and acquired assistance from the government. Part of the reason for their failure was that gas
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