Why GM?
During the planning for the IEC, residents and community leaders have long sought the right fit for development. Priorities include a company with a strong track record in the communities where they have facilities, a company that is a responsible manufacturer, a proven community partner, and a company with a focus on environmental stewardship and sustainability. We believe we’ve found a great fit with General Motors.
General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which powers everything from mass-market to high-performance vehicles.
- General Motors, headquartered in Detroit MI, is a company with global scale and capabilities. Ranked 25th on the 2022 Fortune Global 500 list, with 2022 annual revenues of $156.7 billion, GM employs 157,000 employees worldwide and 91,000 in the United States. GM is transitioning to an all-electric future by 2035, spearheading technological advancements to align with its mission of Zero, Zero, Zero. Zero crashes, Zero emissions, and Zero congestion.
- GM has been a part of Indiana for over 80 years and has invested more than $2.1 billion in Indiana facilities since 2009. GM currently employs more than 6,000 Hoosiers at its four manufacturing facilities - Bedford Castings, Fort Wayne Assembly, Kokomo Components, and Marion Metal Center. Furthermore, GM has 124 dealerships across Indiana. GM anticipates in 2022 it will spend more than $2.6 billion with its 272 suppliers throughout the state. In 2021 alone, GM employees earned $507.4 million in annual taxable wages in 2021.