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Keyword: marybarra

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  • CEO Barra Says GM Can Overtake Tesla, And It's Investing Heavily...GM is making massive plans to become the world's next EV leader, but the projected sales figures don't make sense.

    01/31/2022 9:02:15 AM PST · by Red Badger · 64 replies
    https://insideevs.com ^ | Jan 31, 2022 at 10:25am ET | Steven Loveday
    We've always pushed for General Motors to succeed with EVs. In fact, if you know anything about InsideEVs' history, you know that we got our start due in part to a loyal group of Chevrolet Volt owners, and several of us still own GM EVs. That said, GM has been talking up its massive EV future for years, though it doesn't yet have a whole lot to show. According to CEO Mary Barra, that's all about to come to an end, and rather quickly. General Motors has big plans to invest a ton of money into the segment. Just last...
  • GM Wants to Produce a Lot of (electric) Cars — and Less of Everything Else

    02/07/2020 6:23:52 AM PST · by karpov · 95 replies
    Barron's ^ | February 6, 2020 | Al Root
    General Motors, the auto maker that sells millions of cars and trucks each year, has a new production target: zero. CEO Mary Barra hasn’t lost her mind. Instead, GM’s goal is a future with zero crashes, zero emissions and zero congestion, the company said at an investor event following the release of its fourth-quarter earnings. It’s a bold vision to say the least. Zero EmissionsNo greenhouse gases coming from a tail pipe, of course, is all about vehicle electrification. GM, it seems, is leaving the traditional motor behind. “We believe climate change is real, it’s a global concern and the...
  • GM confirms plans to build new EV, invest $300 million in Michigan plant

    03/22/2019 6:04:27 PM PDT · by Libloather · 30 replies
    Reuters via Yahoo ^ | 3/22/19 | David Shepardson
    (Reuters) - General Motors Co confirmed on Friday it will invest $300 million in a suburban Detroit assembly plant, adding 400 jobs to build a new Chevrolet electric vehicle. The largest U.S. automaker has come under heavy criticism from President Donald Trump in recent days over its decision to end production at its Lordstown, Ohio, assembly plant earlier this month. GM officials said the announcement was planned well before Trump's series of angry GM tweets that started on Saturday. Trump called GM CEO Mary Barra on Sunday to urge her to reverse the decision to end production at the Ohio...
  • GM Announces 400 Jobs, New Electric Car Days After Venomous Trump Tweets

    03/22/2019 12:25:37 PM PDT · by SeekAndFind · 30 replies
    TPM ^ | 03/22/2019 | By Mike Householder and Tom Krisher
    ORION TOWNSHIP, Mich. (AP) — Less than a week after a series of critical tweets from the president over an Ohio plant closure, General Motors is announcing plans to add 400 jobs and build a new electric vehicle at a factory north of Detroit. The company says it will spend $300 million at its plant in Orion Township, Michigan, to manufacture a Chevrolet vehicle based on the battery-powered Bolt. GM wouldn’t say when the new workers will start or when the new vehicle will go on sale, nor would it say if the workers will be new hires or come...
  • GM bought back $10 billion in stock since 2015, double what job cuts will save

    11/28/2018 8:28:43 AM PST · by C19fan · 28 replies
    CBS News ^ | November 27, 2018 | Irina Ivanova
    When General Motors announced it was cutting up to 14,000 jobs and idling five automotive plants, it justified the massive cuts by citing long-term savings. The cuts would free up $6 billion in cash, for a net savings of $4.5 billion in cash by 2020. The move will "make General Motors more agile, resilient and profitable" while the economy's still revving, CEO Mary Barra told investors Monday. Wall Street seemed to believe her, with GM's stock rising nearly 5 percent and one analyst on the call congratulating her "on getting in front of the curve here." But GM hasn't exactly...
  • Paging Joe Biden: Yes, Osama bin Laden is still dead, and General Motors is alive...sort of

    11/28/2018 8:42:24 AM PST · by SeekAndFind · 4 replies
    American Thinker ^ | 11/28/2018 | Ethel C. Fenig
    That was then: Over six years ago, then-vice president Joe Biden (D) was campaigning for a second term for the Democratic administration of Barack Hussein Obama and himself with this proud theme: If you are looking for a bumper sticker to sum up how President Obama has handled what we inherited, it's pretty simple: Osama bin Laden is dead and General Motors is alive.  He was referring, of course, to the assassination of terrorist Osama bin Laden, indicating a successful American foreign policy during the Obama administration, and simultaneously the government bailout of General Motors indicating a successful domestic policy of providing...
  • 'This is the THANKS we get!' Trump warns General Motors he'll cut ALL its government subsidies in...

    11/27/2018 6:02:21 PM PST · by Morgana · 52 replies
    Daily Mail UK ^ | November 27, 2018 | Geoff Earle, Deputy U.s. Political Editor and David Martosko For Dailymail.com
    FULL TITLE: 'This is the THANKS we get!' Trump warns General Motors he'll cut ALL its government subsidies in retaliation for closing U.S. auto plants President Donald Trump threatened to punish General Motors following the company's decision to shutter Midwest manufacturing plants and lay off thousands of U.S. workers. A day after the news of the layoffs rattled the industry and raised a potential political problem for the president, the president followed up on an earlier threat that the automaker 'better damn well' open a new plant. He threatened to yank subsidies for electric cars – as GM seeks to...
  • General Motors Restructures

    11/28/2018 3:40:51 AM PST · by reaganaut1 · 74 replies
    National Review ^ | November 28, 2018
    Faced with the bad news from GM — which is discontinuing several passenger-car lines, shuttering five North American factories, and laying off thousands of workers — President Donald Trump responded with his habitual bluster, telling GM they “better damn well open a new plant” in Ohio, and boasting that he was “very tough” on the automaker’s CEO. As is often the case, President Trump’s bluster is unhelpful. General Motors almost certainly is doing the right thing, as painful as that is going to be for the workers who lose their jobs and for the communities that had relied on —...
  • Trump threatens to end subsidies to GM for electric cars over layoffs

    11/27/2018 3:32:57 PM PST · by TBP · 71 replies
    The Blaze ^ | November 27, 2018 | Mike Ciandella
    President Donald Trump threatened on Twitter to end government subsidies for General Motors in retaliation for layoffs the company announced Monday. What layoffs? General Motors announced that it would be laying off 14,700 workers, including 6,000 factory workers, and closing down four plants in the United States and one in Canada. While GM, and other car companies, have spoken out against rising production costs caused by the Trump administration’s protectionist tariffs, a spokeswoman for the company told TheBlaze that the layoffs and plant closures “are being made as part of our ongoing transformation and are not related to recent trade...
  • GM is laying off thousands of workers, closing three plants, and ending production of the Chevy Volt

    11/26/2018 9:07:04 AM PST · by tcrlaf · 172 replies
    Verge ^ | 11-26-2018 | Andrew Hawkins
    Amid flagging sales, General Motors confirmed on Monday that it will no longer make the plug-in hybrid Chevy Volt, ceasing production on March 1st, 2019. The news comes as part of a wider plan by GM to slash car production in North America and halt production of several low-selling brands. Trading on GM shares was briefly halted on the stock exchange early on Monday in anticipation of “major operational changes,” according to CNBC. GM plans to “unallocate” three assembly plants — in Oshawa, Ontario; Detroit, Michigan; and Warren, Ohio — putting the future of those plants in doubt, Reuters reports....
  • GM to slash up to 14,000 jobs in North America

    11/26/2018 9:14:44 AM PST · by Coronal · 38 replies
    AP News ^ | November 26, 2018 | Tom Krisher and Rob Gillies
    DETROIT (AP) — General Motors will lay off up to 14,000 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles. The reduction includes 8,100 white-collar workers, some of whom will take buyouts and others who will be laid off. Some U.S. factory workers could transfer to truck or SUV factories that are increasing production.
  • Justice Dept. Assails VW as Barra is Elevated to GM Chair

    01/05/2016 2:38:41 PM PST · by jazusamo · 5 replies
    NLPC ^ | January 5, 2016 | Mark Modica
    The Obama Administration's Justice Department is now suing Volkswagen for "up to $90 billion for allegedly violating environmental law." Politically-favored General Motors was fined $900 million, or 1% of that amount, for covering up an ignition switch defect that led to the deaths of at least 124 people. At last count, the number of people who lost their lives as a result of emissions' tampering by VW stood at zero. Meanwhile, the GM board unanimoulsy elected CEO Mary Barra as its Chairman, demonstrating that it is still not independent of the White House political operation, even years after the...
  • China's Silicon Valley power play

    09/23/2015 9:45:32 AM PDT · by RightGeek · 4 replies
    The Hill ^ | 9/23/15 | Cory Bennett and Katie Bo Williams
    Chinese officials have summoned top American tech executives to Seattle for a forum on Wednesday in a show of force that could make the Obama administration’s standing in Silicon Valley appear weak by comparison. Beijing moved up the date of the annual event to coincide with President Xi Jinping’s U.S. visit and reportedly pressured major Silicon Valley players to send their chief executives to what is normally an annual summit for midlevel management, threatening regulatory scrutiny if they didn’t comply. “It’s not really voluntary,” said Atlantic Council Senior Fellow Jason Healey, a former director of cyber infrastructure protection at the...
  • GM Insiders Dump $2.8 Million Worth of Shares in June

    07/09/2015 9:48:29 AM PDT · by jazusamo · 16 replies
    NLPC ^ | July 9, 2015 | Mark Modica
    It would appear that the insiders at General Motors do not have as rosy a view on the financial outlook for the company as they would have the rest of the public believe. The well-paid executives at GM sold out of another $2.8 million worth of shares in June according to Yahoo Financial statistics. Of course, the sales of shares are pure profits for the higher-ups at GM, considering that the elite group of executives receive millions of dollars’ worth of GM shares for free through stock options. So, what have the highly-paid executives at GM done to earn...
  • Will Criminal Charges Bring Justice for GM Victims?

    05/27/2015 9:34:08 AM PDT · by jazusamo · 11 replies
    NLPC ^ | May 27, 2015 | Mark Modica
    The New York Times reports that the Justice Department has concluded that there was criminal wrongdoing by General Motors as the company covered-up a deadly ignition switch defect for years. That defect has now been blamed for causing the deaths of at least 104 motorists. While many observers may have been able to come to the conclusion that GM was guilty long before the Justice Department’s recent epiphany, the bigger question now is, what’s next? GM still faces litigation risks as ongoing lawsuits seek justice for the victims’ families that suffered as a result of GM’s criminal actions. Full...
  • Mary Barra's Veracity on Trial in GM Lawsuits

    03/24/2015 1:49:32 PM PDT · by jazusamo
    NLPC ^ | March 24, 2015 | Mark Modica
    Depositions for General Motors’ executives, including CEO Mary Barra, will begin in May, according to the Detroit News. The testimonies will be at the center of class-action lawsuits (set for trial in January, 2016) against GM for its ignition switch defect cover-up and are slated to conclude in early October of this year. It will not be the first time Barra has testified under oath about the recall debacle which is now blamed for having caused 74 deaths. Attorneys for plaintiffs now claim they have evidence that GM executives knew about (and covered-up) the defects long before they admitted...
  • Women's Museum Asked to Rescind Mary Barra Award; GM CEO Made History 'of Wrong Kind'

    11/10/2014 9:16:59 AM PST · by jazusamo · 6 replies
    NLPC ^ | November 10, 2014 | Peter Flaherty
    Today I sent the following letter to Dr. Gretchen Green, the Acting Chair of the National Women's History Museum: We ask the National Women's History Museum (NWHM) to withdraw its planned award to General Motors CEO Mary Barra. As you know, Barra is scheduled to receive the Katharine Graham Living Legacy Award on November 17 as part of your annual de Pizan Honors at The Mead Center for American Theater at Arena Stage in Washington, DC. Barra has indeed made history - of the wrong kind. Just three months ago, she sat in front of Congressional Committees and desperately tried...
  • GM CEO Mary Barra Ignores Brake Corrosion Safety Issue

    06/11/2014 3:38:23 PM PDT · by jazusamo · 43 replies
    NLPC ^ | June 11, 2014 | Mark Modica
    Well, it looks like New GM is not much different than Old GM when it comes to addressing serious safety issues on its vehicles. The Associated Press reports that General Motors CEO, Mary Barra, claims that GM has not turned up any other major safety issues. I guess Ms. Barra feels that two tons of steel traveling at high speeds with brake lines that can burst at any moment is nothing to be concerned about. The continued denial by GM that there is no safety issue with their trucks that are prone to brake line corrosion proves that the...
  • GM fires 15 in wake of "deeply troubling" recall report

    06/05/2014 8:36:36 AM PDT · by jazusamo · 19 replies
    Fox News ^ | June 5, 2014
    Video of press conference at source. General Motors has dismissed 15 employees and disciplined five others in the wake of an internal investigation into the company's handling of defective ignition switches, which lead to at least 13 fatalities. GM CEO Mary Barra says the personnel worked in several areas including engineering, legal and public policy, and that a disproportionate number of them were senior executives or higher. Barra described the conclusions of the investigation as “extremely thorough, brutally tough, and deeply troubling.” Barra says that the report found no conspiracy to cover up facts or trade-off between safety and cost,...
  • Michael Moore: General Motors 'criminals' deserve death

    04/01/2014 8:59:38 AM PDT · by ColdOne · 59 replies
    washingtonexaminer.com ^ | 4/1/14 | Charlie Spiering
    Liberal filmmaker Michael Moore believes that whoever was responsible at General Motors for failing to recall a faulty ignition switch deserves death. "I am opposed to the death penalty, but to every rule there is usually an exception, and in this case I hope the criminals at General Motors will be arrested and made to pay for their pre-meditated decision to take human lives for a lousy ten bucks," he wrote. Moore blamed former President George W. Bush's transportation Department for ignoring the problem in 2007 and praised new GM CEO Mary Barra for telling the truth about the problem.