General Motors Corporation - 1954 dated Automotive Bond
Inv# AB5017 Bond
$1,000 Bond. General Motors Company, often abbreviated as GM, is a prominent American multinational corporation based in Detroit. It specializes in the design, production, marketing, and distribution of vehicles and automotive components, as well as offering financial services, with its global headquarters located in the Renaissance Center of Detroit. Founded by William C. Durant on September 16, 1908, as a holding company, GM has grown to become the largest automobile manufacturer in the United States and ranks among the largest in the world. As of 2019, it holds the 13th position on the Fortune 500 list of the largest corporations in the United States based on total revenue. General Motors operates manufacturing facilities in 15 countries, with its primary automobile brands including Chevrolet, Buick, GMC, and Cadillac. Additionally, the company either owns or has significant stakes in international brands such as Holden, Wuling, Baojun, and Jiefang. In 2016, GM achieved a significant milestone with annual global sales reaching 10 million vehicles.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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