Interview: Ray Young, CFO of the new General Motors


General Motors Company was (re)born today. The new, streamlined company will sell four product lines, with the following year-to-date market share: Buick (one percent), Cadillac (one percent) , Chevrolet (12.3 percent) and GMC (2.4 percent).

In total, this represents a 16.4 percent market share. This is significantly less than the old GM, whose Hummer, Pontiac, Saab, and Saturn brands represented a further 3.9 percent of market share. However, these brands have been discarded, and the new GM wants to cut dealers from 6,000 to 3,600 and slash its U.S. employee base from 91,000 to 64,000.

And, of course, we Americans own 61 percent of it.