Who Owns Chevrolet?
As of 1918, Chevrolet is owned by General Motors Company. It was founded as the Chevrolet Motor Car Company in 1911.
Written by Melanie Johnson
Reviewed by Jessica Barrett
Table of Contents
- Who owns Chevrolet?
- Where are Chevrolets made?
- A short history of Chevrolet ownership
- How to save money on Chevrolet insurance
- FAQs
Load full table of contents
Chevrolet is owned by General Motors Company. It was originally founded as the Chevrolet Motor Car Company in 1911 but merged with General Motors in 1918.
Chevrolet is as American as apple pie and baseball. However, while you may think you know the history of this famous car company, think again! Chevy's backstory involves a reverse merger, a disgruntled ex-employee, a government bailout—the works!
We have the inside scoop. We’ll cover what corporation owns Chevrolet, the brand’s beginnings, as well as where Chevys are made.
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Who owns Chevrolet?
General Motors Company (GM) has owned Chevrolet since 1918.
GM also happens to be the No. 1 car manufacturer in the U.S. It was the largest automaker worldwide from 1931 until 2008, when Toyota overtook it. GM currently has eight manufacturing plants across the world.
What other makes does General Motors own?
GM’s four core car brands produced in North America are:
GM also produced
Pontiacs
(discontinued in 2010), Oldsmobiles
(discontinued in 2004), and Oaklands (discontinued in 1931).MORE:
Chevrolet Camaro V6
Where are Chevrolets made?
Most Chevrolets are made in the U.S. However, GM has manufacturing plants across the globe. Let’s take a look at some popular Chevy models made in the U.S.:
- Chevrolet Silverado: Flint Assembly—Flint, Michigan
- Chevrolet Camaro: Lansing Grand River Assembly—Lansing, Michigan
- Chevrolet Corvette Stingray, Chevrolet Corvette Z06,Chevrolet Corvette Grand Sport, and Chevrolet Corvette ZR1: Bowling Green Assembly—Bowling Green, Kentucky
And here are some popular Chevys made overseas:
- Chevrolet HHR: Ramos Arizpe Assembly—Ramos Arizpe, Mexico
- Chevrolet Aveo: Bogota Plant—Bogota, Columbia
While most Chevys are assembled in the U.S., GM sources its parts from Mexico, Japan, Canada, Brazil, South Korea, and France, as well as Argentina, Colombia, Ecuador, Egypt, Hungary, India, and Thailand. That said, Chevrolet is truly a global product!
Key Takeaway Most Chevys are made right here in the U.S.A., but parts are sourced from various countries across the globe.
MORE:
Car loan for Chevrolet
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A short history of Chevrolet ownership
In 1911, Swiss racecar driver Louis Chevrolet co-founded Chevrolet Motor Car Company with his brother Arthur Chevrolet and businessman William C. Durant.
William C. Durant went in on Chevrolet after he was fired from his senior management position at GM in 1910. Durant is said to be responsible for Chevrolet’s bowtie emblem, which was first introduced in 1914 and is still used by the brand today.
Creative differences led to Durant selling his share in Chevrolet Motor Company in 1914, and he went on to repurchase a controlling interest in GM in 1916. Then in 1917, Durant became president of GM.
GM acquired Chevrolet in 1918, and it became the Chevrolet Division of General Motors. But then, Durant was ousted from GM again! In 1920, he was removed as president and forced to retire.
Needless to say, despite the drama, Chevrolet went on to become a top-selling car brand.
However, in 2008, due to an economic recession, GM took out a multi-billion dollar loan from the U.S. government, and in 2010, filed for bankruptcy. A settlement was reached, and GM’s stocks were reissued.
Currently, GM’s top three shareholders are the Vanguard Group, Capital Research and Management Company, and Warren Buffet’s Berkshire Hathaway firm.
Whew—what a wild ride!
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FAQs
Is Chevrolet an American brand?
You bet it is! Chevrolet was established in Flint, Michigan. Most Chevys are assembled right here in the U.S., while parts are produced all over the world.
When did General Motors buy Chevrolet?
Chevrolet was acquired by General Motors in a reverse merger in 1918 when it became the Chevrolet Division of General Motors.
Are you overpaying for car insurance?
Compare quotes and find out in 45 seconds.
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