General Motors is launching a comprehensive review of how it spends billions in advertising dollars around the world.
GM said it currently uses more than 20 media buying companies globally and that the review doesn't include creative agencies. Among the companies that have GM media duties are: Starcom, which handles media buying and planning duties for GM in the U.S. since 2005; Carat handles GM in Europe; the majority of the Latin American business is run by Universal McCann; India and China are not included in the review.
"As part of its normal review of business processes, General Motors will request proposals on ways to improve the efficiency and effectiveness of its global operations for purchased media," GM said in a statement released today.
"The request for proposal (RFP) will be issued to several global media companies and will include all consumer-facing planning and buying operations in support of all media channels including print, digital, broadcast, SEO and social media."