Mary Barra
Wall Street eyes auto industry earnings for signs of ‘demand destruction’
A sign advertises to purchase cars at a used car dealership in Arlington, Virginia, February 15, 2022. Saul Loeb | AFP | Getty Images DETROIT – Since the start of the pandemic in early 2020, U.S. automakers and dealers have seen record profits as demand outpaced supplies of new cars amid supply chain problems. But […]
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GM adds former Lyft and Tesla executive Jon McNeill as board member
A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. – General Motors will create 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity. Jeff Kowalsky | AFP | Getty Images DETROIT – General Motors on Tuesday said it is adding Jon […]
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GM delays return-to-office mandate after employee backlash
General Motors CEO Mary Barra speaks to reporters while she waits for the arrival of President Joe Biden at media day of the North American International Auto Show in Detroit, Michigan, September 14, 2022. Rebecca Cook | Reuters DETROIT – General Motors is conducting damage control around its return-to-office plans after a Friday afternoon message […]
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GM is betting on its electric Equinox, starting at $30,000, to kick-start ‘massive adoption’ of EVs
2024 Chevrolet Equinox EV 3LT GM DETROIT – General Motors’ second chance at establishing itself as a mass-market leader in all-electric vehicles is expected to begin next year with the arrival of the Chevrolet Equinox EV. The all-electric crossover is scheduled to go on sale in the U.S. next fall, starting at around $30,000 – […]
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GM is far behind Tesla in electric vehicle sales. CEO Mary Barra has bet the company that will change
GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — In September 2017, General Motors CEO Mary Barra and her top executives visited the automaker’s design dome, considered hallowed ground within the company for its role in […]
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Autoworker union accuses GM joint venture of denying access to organize workers
Striking United Auto Workers members and supporters attend a speech by Vermont Sen. Bernie Sanders outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – The United Auto Workers union is accusing a new General Motors joint venture of denying access to workers to conduct a preliminary […]
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Robotaxis haven’t taken over the streets, but that doesn’t mean self-driving cars are all hype
It’s 2022. We were supposed to have robotaxis by now. What happened? Source
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GM’s first-quarter earnings surprised Wall Street but investors remain cautious
GM’s impressive beat and reaffirmed guidance weren’t enough to outweigh fears of analysts and investors of outside macro-economic factors. Source
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GM will start tying executive compensation to electric vehicle targets
General Motors Chairwoman and Chief Executive Officer Mary Barra speaks during a meeting hosted by U.S. President Joe Biden with private sector CEOs to discuss the Build Back Better agenda at the White House in Washington, U.S., January 26, 2022. Kevin Lamarque | Reuters DETROIT – General Motors will begin tying a “significant part” of […]
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General Motors maintains 2022 guidance despite rising costs and supply chain issues
DETROIT – Amid rising costs and supply chain instability, General Motors reaffirmed its earnings expectations for 2022 despite reporting a lower net profit and margin compared to a year ago. CEO Mary Barra and CFO Paul Jacobson described the first-quarter results as “solid” and a testament to actions the company has taken in recent years […]
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