General Motors fue fundada en el año de 1908 en Flint, Michigan, como empresa de participación para Buick, entonces controlada por William C. Durant, y adquirió Oldsmobile ese mismo año.
El año siguiente, Durant se hizo con Cadillac, Elmore y Oakland. En 1909, GM adquirió la Rapid Motor Vehicle Company de Pontiac, Michigan, el predecesor de GMC Truck. Un Rapid se convirtió en el primer camión en conquistar el Pikes Peak en 1909. Durant perdió el control de GM en 1910 en favor de los banqueros de la empresa, a causa de la gran deuda asumida con sus adquisiciones.
Durant dejó la firma y ayudó a establecer la Chevrolet Motor Company en 1912 con los hermanos Gaston y Louis Chevrolet. Volvió para dirigir GM en 1915, con financiación de Pierre S. du Pont. Chevrolet entró en General Motors en 1916. Du Pont quitó a Durant de la dirección en 1920, y varios intereses de Du Pont tuvieron gran participación en el accionariado hasta 1950.
GM superó a Ford Motor Company en los años 1920 gracias al liderazgo de Alfred Sloan. Mientras Ford continuó refinando el proceso de fabricación para reducir costes, Sloan estaba inventando nuevas maneras de dirigir una compleja organización mundial, mientras prestaba atención especial a las demandas de los consumidores. Los compradores de coches ya no querían el modelo básico y más barato; querían estilo, poder y prestigio, lo que GM les ofrecía. Gracias a la financiación de los consumidores, fáciles pagos mensuales permitieron a más gente comprar coches GM, mientras Ford se oponía moralísticamente a los créditos. Durante los años 1920 y 1930, GM compró la empresa de autobús Yellow Coach, y ayudó a crear Greyhound bus lines. Reemplazaron el transporte ferroviario intercity con autobuses, y establecieron empresas subsidiarias para comprar empresas de tranvías y reemplazaron los servicios basados en ferrocarril también con autobuses. GM formó United Cities Motor Transit en 1932.
General Motors produjo vastas cantidades de armamento, vehículos y incluso aviones durante la Segunda Guerra Mundial, y también tuvo considerables intereses en la Alemania nazi. Durante la guerra, las empresas automovilísticas estadounidenses estuvieron preocupados de que los nazis nacionalizarían fábricas estadounidenses en Alemania. En la primavera de 1939, los nazis habían asumido el control cotidiano de las fábricas estadounidenses en Alemania, pero no decidieron nacionalizarlas.
William P. Knudson de GM sirvió como director de la producción durante el tiempo de guerra de EE.UU. para el Presidente Franklin Roosevelt que se refirió a Detroit como el “Arsenal de la democracia”. Hoy en día, Detroit es la sede central del Tank-automotive and Armaments Command (TACOM) del ejército de los Estados Unidos.
GM compró el fabricante de autorrailes con motor de combustión interna Electro-Motive Corporation y su suministrador de motores Winton Engine en 1930, renombrando ambas como la General Motors Electro-Motive Division. Durante los siguientes veinte años, locomotoras diesel — la mayoría fabricadas por GM — reeplazaron ampliamente otras formas de tracción en los ferrocarriles estadounidenses. (Durante la Segunda Guerra Mundial, estos motores fueron también importantes en los submarinos y destructores escoltas estadounidenses.) Electro-Motive fue vendida a principios de 2005.
En cierto momento GM se convirtió en la corporación más grande registrada en los Estados Unidos, en términos de sus ingresos en relación al PNB. En 1953 Charles Erwin Wilson, el entonces presidente de GM, fue nombrado por Eisenhower como Secretario de Defensa. Cuando se le preguntó durante la visita antes del Senate Armed Services Committee si como secretario de defensa podría tomar una decisión desfavorable para los intereses de General Motors, Wilson contestó afirmativamente pero añadió que no podía concebir esta situación “porque durante años yo pensé que lo que era bueno para el país era bueno para General Motors y viceversa”. Más tarde esta afirmación fue a menudo malinterpretado, sugiriendo que Wilson había dicho simplemente, “Lo que es bueno para General Motors es bueno para el país.” En ese momento, GM era una de las empresas con más empleados del mundo – sólo industrias estatales soviéticas daban empleo a más personas. El 31 de diciembre de 1955, General Motors se convirtió en la primera corporación estadounidense en hacer más de 1 billón de dólares en un año.
Después de que el despido masivo de GM afectara a Flint, Michigan, una huelga comenzó en la fábrica de partes de la General Motors en Flint el 5 de junio de 1998, que rápidamente se extendió a otras cinco plantas de montaje y duró siete semanas.
GM hoy en día tiene 326.999 empleados alrededor del mundo. Con la sede central en Detroit (Michigan), EE.UU., GM fabrica sus coches y camiones en 33 países.
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