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    Who Owns Chevrolet

    DariusBy Updated:No Comments5 Mins Read
    Chevrolet ownership showing General Motors as parent company with $187.4 billion 2024 revenue and record $14.9 billion adjusted profit (21% increase), Chevrolet selling 1,745,809 US vehicles, GM holding 16.5% US market share leading with 2.7 million deliveries, institutional investors controlling 88% of shares including Vanguard 9.6%, BlackRock 7.8%, and State Street 5.5%, led by Chair/CEO Mary Barra, founded 1911 by Louis Chevrolet and William Durant, acquired by GM in 1918.

    Key Stats

    • General Motors reported $187.4 billion in total revenue for 2024
    • Chevrolet sold 1,745,809 vehicles in the United States during 2024
    • GM holds an estimated 16.5% market share in the U.S. auto market
    • Institutional investors control approximately 88% of GM shares
    Who Owns Chevrolet

    General Motors Company owns Chevrolet as an integrated division within its automotive portfolio. The Detroit-based manufacturer operates Chevrolet as its volume-focused brand targeting mainstream consumers across global markets.

    GM reported record adjusted profits of $14.9 billion in 2024, representing a 21 percent increase over the previous year (source). The company led U.S. auto sales for the year with 2.7 million vehicles delivered. Chevrolet remains GM’s largest brand by volume, contributing the majority of retail and fleet deliveries. Recent product launches include updated versions of the Equinox EV and expanded electric vehicle offerings. The company continues investing in electrification while maintaining strong positions in full-size pickup trucks and SUVs.

    Who Owns Chevrolet?

    Corporate Parent Structure

    General Motors maintains complete ownership of Chevrolet as an operating division rather than a separate subsidiary. GM trades publicly on the New York Stock Exchange under the ticker symbol GM. Corporate headquarters remain in Detroit, Michigan, where strategic decisions affecting all brands originate.

    Brand Position Within GM

    Within GM’s organizational structure, Chevrolet functions as the mainstream brand emphasizing affordability and reliability. The division shares platforms and manufacturing infrastructure with sister brands including Buick, Cadillac, and GMC. This integrated approach reduces development costs while allowing brand differentiation through styling and feature packages.

    Who Is on the Board of Directors for Chevrolet?

    Executive Leadership

    Chevrolet does not maintain a separate board of directors. The brand operates under General Motors’ corporate governance framework. Mary Barra serves as Chair and Chief Executive Officer of GM, positions she has held since 2016 and 2014 respectively. Her engineering background from Kettering University and MBA from Stanford University inform strategic direction across all divisions.

    Financial and Operations Oversight

    Paul Jacobson serves as Executive Vice President and Chief Financial Officer since 2020. He previously held the CFO position at Delta Air Lines. Mark Reuss serves as President, overseeing global product development and operations. Sterling Anderson joined as Chief Product Officer in 2025, bringing experience from Aurora Innovation and automotive technology development.

    Board Composition

    GM’s board consists of 13 members, 12 of whom are non-employee directors. The board includes seven women and six men, reflecting diversity initiatives within corporate governance. Directors bring expertise spanning technology, finance, manufacturing, and consumer markets.

    Technology and Manufacturing Specialists

    Several board members contribute expertise in emerging technologies essential for electrification. Former executives from technology companies guide investments in battery development and autonomous systems. Manufacturing specialists oversee production efficiency and supply chain management across North American facilities.

    Largest Shareholders of Chevrolet

    Institutional Ownership Structure

    Since Chevrolet operates as a GM division, ownership traces through the parent company’s shareholder structure. Institutional investors control approximately 88% of outstanding shares, exercising influence through board representation and proxy voting (source).

    GM Major Shareholders Distribution

    Vanguard BlackRock State Street Others 9.6% 7.8% 5.5% 77.1%

    The Vanguard Group

    The Vanguard Group holds the largest institutional stake at approximately 9.6% of outstanding shares. This investment management firm oversees trillions in assets across index funds and retirement portfolios. Vanguard’s position gives it significant voting power on corporate governance matters affecting Chevrolet’s strategic direction.

    BlackRock Holdings

    BlackRock maintains the second-largest position with roughly 7.8% of GM equity. The global asset manager influences corporate decisions through shareholder meetings and direct engagement with executive leadership. Similar ownership patterns exist across competitors including Ford Motor Company and Stellantis.

    State Street Corporation

    State Street Global Advisors commands approximately 5.5% ownership through various investment vehicles and exchange-traded funds. Additional significant holders include pension funds and mutual fund companies. No single entity controls majority ownership, ensuring dispersed voting rights across thousands of investors.

    Retail Investors

    Individual shareholders hold roughly 12% of GM stock through brokerage accounts and retirement plans. The publicly traded structure enables ordinary citizens to participate in Chevrolet’s success through stock appreciation and dividend payments. Retail participation has increased following broader market accessibility trends.

    History of Chevrolet Co-founders

    Louis Chevrolet

    Louis Chevrolet emigrated from Switzerland in the early 20th century, establishing himself as a skilled racing driver and mechanical innovator. His competitive success on American tracks attracted attention from industry entrepreneurs. Before co-founding his namesake company, Louis designed engines and competed in high-profile racing events.

    William Durant

    William C. Durant previously established General Motors before boardroom conflicts forced his departure. The entrepreneur sought to create a competing automotive brand and partnered with Louis Chevrolet on November 3, 1911. Durant recognized the Swiss racer’s reputation could attract customers seeking alternatives to competing manufacturers.

    Merger With General Motors

    Creative differences emerged between the co-founders within several years. Louis preferred expensive, high-performance vehicles while Durant emphasized volume production for mass markets. By 1915, Louis departed the company bearing his name. Durant used Chevrolet’s profitability to regain control of General Motors, merging the brands in 1918 through a reverse acquisition structure.

    FAQ

    Does Ford own Chevrolet?

    No. General Motors owns Chevrolet as a core division. Ford Motor Company remains a separate competing automotive manufacturer headquartered in Dearborn, Michigan.

    Is Chevrolet an American company?

    Yes. Chevrolet is an American brand headquartered in Detroit, Michigan. General Motors, its parent company, operates globally but maintains U.S.-based corporate headquarters.

    Who is Chevrolet’s CEO?

    Chevrolet does not have a separate CEO. Mary Barra serves as General Motors’ Chair and CEO, overseeing all brand divisions including Chevrolet through centralized leadership.

    When did GM acquire Chevrolet?

    General Motors acquired Chevrolet in 1918. Co-founder William Durant used Chevrolet’s success to regain GM control, then integrated the brand into the corporate structure.

    Who controls General Motors stock?

    Institutional investors including Vanguard, BlackRock, and State Street control the largest GM shareholdings. No single entity holds majority ownership of the publicly traded company.

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    I've spent over a decade researching and documenting the stories behind the world's most influential companies. What started as a personal fascination with how businesses evolve from small startups to global giants turned into CompaniesHistory.com—a platform dedicated to making corporate history accessible to everyone.