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This post is one in a series on prominent company nicknames. See all 25, and share your thoughts and memories about The General below in the comments.
"The General" does not deserve its nickname any longer. Founded in 1908, General Motors (NYSE: GM) was the largest car company in the world for almost seven decades. It lost that distinction to Toyota (NYSE: TM) during the last year.
GM has 50% of the U.S. car market at one point. That is now down to 20%.
"The General" still maintains a number of the most successful brands in the world: Cadillac, Buick, Chevy, and Pontiac. Years of neglect have pushed the company into a position where it does not make competitive cars in its home market. It greatest current sales successes are in the Chinese market and Latin America.
In 1955, "The General" was the No.1 company in the Fortune 500. It held that position until 2000.
Alongside General Electric (NYSE: GE), GM is probably the most important American corporation of the last 100 years. That won't be true going forward.
Douglas A. McIntyre is an editor at 247wallst.com.
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