Fortune 500 Top 10 companies: Who’s the new No. 1?

Fortune has released its annual list of the largest corporations in the United States, and there were a few notable changes in this year’s group. Here are the Top 10.

7. General Motors

David Goldman/AP/File
Georgia Gov. Nathan Deal, right, looks at a Chevy Spark, an electric vehicle on display at a news conference in Atlanta in January.

Headquarters: Detroit

Revenue: $152.3 billion

Profit: $6.2 billion

2012 rank: 5

The US Treasury Department announced Monday that it would begin another round of sell-offs of its General Motors stake, which it has held since the 2009 auto industry bailout.  At its peak, the Treasury owned 60.8 percent of GM; now, it owns just under 18 percent.

Like Ford, GM’s year-over-year auto sales in April were buoyed by pickup trucks, with GM’s overall US sales increasing 11 percent on the year. Looking forward, the company is very focused on the Asian market, drawing critiques from some that the bailout ended up benefiting China, where GM sales in April were around 10 percent higher than in the US. GM has rebutted that charge, saying that its investments in China have come from its revenues earned in China. 

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Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

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