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In 1919 GM created their General Motors Acceptance Corporation, which allowed the company to provide a way to finance purchases of their vehicles for customers. GM is known for not making money off of their vehicle sales but more from their financing structure they have created. General Motors has been participating in global sales, exporting since 1911 and 1920 the first office overseas was created for sales reasons located in Asia. The first GM manufacturing plant was in the capital of Denmark, Copenhagen in 1923 and then Buenos Aires in 1924, the capital of Argentina. General Motors CEO of 1924, Alfred Sloan stated, "A car for every purse and purpose," which was the original strategy of the company...
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