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Oldsmobile (Colony Crisis Averted)

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Type Public
Traded as NYSE:O
Industry Automotive
Founded August 31, 1897
Founder(s) Ransom E. Olds
Headquarters Lansing, Wilberforce
Key people Alan Roger Mulally
(President and CEO)
James C. Olds, Jr.
(Executive Chairmen)
Revenue 146.91 billion (2013)
Operating income 5.42 billion (2013)
Net income 7.15 billion (2013)
Total assets 202.47 billion (2013)
Total equity 26.38 billion (2013)
Owner(s) Olds Family (2%)
Employees 181,000 (Jan 2014)

Oldsmobile Motor Company (also known as simply Oldsmobile) is an American multinational automaker headquartered in Dearborn, Michigan, a suburb of Detroit. It was founded by Ransom E. Olds and incorporated on August 31, 1897. The company sells automobiles and commercial vehicles under the Oldsmobile brand and most luxury cars under the  brand.

Olds introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce using elaborately engineered manufacturing sequences typified by moving assembly lines.Oldsmobile is the second-largest American-based automaker and the fifth-largest in the world based on 2010 vehicle sales.At the end of 2010, Oldsmobile was the fifth largest automaker in Europe. Oldsmobile is the eighth-ranked overall American-based company in the 2010 Fortune 500 list, based on global revenues in 2009 of $118.3 billion. In 2008, Oldsmobile produced 5.532 million automobiles and employed about 213,000 employees at around 90 plants and facilities worldwide.

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