Dan Ammann, Cruising Man; GM Prez Sent to Autonomous Group
Even though GM is no longer serious about the Cruze, it appears to be very serious about Cruise. For those with short memories, Cruise Automation is The General’s unit that focuses on autonomous cars.
News has broken that current GM president Dan Ammann will take over as CEO of Cruise, pushing aside current CEO and co-founder Kyle Vogt, who’s booted down the ladder to Chief Technology Officer. All this is expected to take place on January 1st, 2019.
South Korean President Miffed Over GM Plant Closure, Fearful of the Future
South Korean President Moon Jae-in says General Motors’ decision to shut down its Gunsan plant will negatively impact the region. He’s hoping his administration can work some impressive mojo to boost economic activity in the area, but admitted that GM’s quick exodus could make that tricky. There are also concerns that the automaker may soon decide to close down its remaining three plants within the country, leaving 16,000 South Koreans without employment.
“Especially, the decline in employment [at GM] and subcontractors will be difficult to bear for Gunsan City and North Jeolla province,” Moon said in a statement released by his office.
However, things haven’t been going well for GM in the region. The company said it shuttered the plant after it became increasingly underutilized — running at about 20 percent of its total capacity over the last three years. Meanwhile, GM President Dan Ammann claims Korean labor costs have increased by over than 50 percent since 2010. Worker productivity is also abysmal. It takes roughly three hours longer to build a single car in GM’s Korean facilities than it does in the U.S., and Korean strikes are becoming commonplace.
Barra's GM Holding Firm On Plans To Revive Opel Profits
Appearing before Opel’s best and brightest in Germany, General Motors CEO Mary Barra proclaimed her company’s European brand, though unprofitable, is a vital one for the General.