GENERAL MOTORS CORPORATION, incorporated in Delaware Oct. 13, 1916 to succeed a New Jersey company with a similar name formed Sept. 16, 1908, for the purpose of manu facturing automotive equipment, is primarily an operating organ ization owning the assets of manufacturing divisions. It also owns a large part or all of the stock of a number of subsidiary and affiliated companies directly connected with its activities. Its products include Chevrolet, Pontiac, Oldsmobile, Buick, La Salle and Cadillac passenger cars, all with body by Fisher; Chevrolet trucks and commercial cars, General Motors trucks, General cabs and Yellow coaches; such parts and accessories as, AC spark plugs, speedometers, air cleaners and oil filters, Delco hydraulic shock absorbers, Delco-Remy batteries, ignition and starting sys tems, Harrison heaters and radiators, Hyatt roller bearings, Inland steering wheels, and New Departure ball bearings; also Delco-Light electric plants and water systems, Delco-Heat oil fired boilers, burners and furnaces; Frigidaire refrigeration and air conditioning equipment; Winton Diesel and gasoline engines and Electro-Motive Diesel-electric power plants for locomotives and streamlined trains. Its outstanding capital stock as of Sept. 3o, consisted of 1,875,366 shares of $5 series no par pre ferred stock at a declared value of $187,536,600 and of common stock, par value $10 per share. There were no bonds.
The corporation has plants in more than 6o cities in the United States and abroad in which were built 1,240,447 cars and trucks in 1934. Its products are sold by approximately 25,000 dealers in 104 countries. The wholesale value in 1934 of its exports exceeded $202,000,000. During 1925 it made one in every five cars made in the United States and Canada; in 1926, one in every four; and in 1927 and subsequent years, one in every three. The total sales of the corporation in 1934 aggregated $843,808,000; on its pay rolls there were in that year 191,00o employes receiving more than $263,000,000 in salaries and wages. (A. P. SL.)