General Motors CFO Resigns, Lured Away by E-Commerce Boom Opportunity

Dhivya Suryadevara, General Motors’ chief financial officer, is on the way out. After helping the automaker weather its worst storm since the 2008 recession and concurrent bankruptcy, Suryadevara announced her resignation Tuesday, effective August 15th. She’s leaving for a non-automotive position at Stripe, a San Francisco-based financial services and software company.

GM’s first female finance boss, Suryadevara took on the role in 2018, but the pandemic that rocked the auto industry this year also created new opportunities elsewhere.

Read more
Can General Motors Talk Its Way to a Higher Market Value?

General Motors CEO Mary Barra went to New York on Wednesday to hold an investor conference. The day’s theme was: convincing everyone that GM deserves a higher valuation because, like Tesla, it’s supposed to be more than a car company.

While it seems slightly presumptuous for GM to expect the same overblown share price when Tesla probably doesn’t deserve it, either, the Good Book is supposed to say something about getting what you ask for. Still, having not read it in a while, I sincerely doubt it was referencing giant corporations or huge amounts of money.

Barra and company are attempting to show that GM hasn’t sat back on electrification and the same kind of advanced automotive technologies that wooed Tesla investors. Nobody said the rival automaker’s name during their speech, of course. Of course, they wouldn’t really need to, either.

Read more
Chuck Stevens Calling It a Day, Rising Financial Star Tapped As GM's CFO

Chuck Stevens joined General Motors’ Buick division as a very young lad in 1978, one year after the automaker’s gargantuan full-sizers hit the gym and sent buyers flocking to dealerships. Now 58, Stevens says he’ll step down from his role as chief financial officer and executive vice president at the beginning of September. He’ll remain as an advisor until March 2019.

GM named Stevens CFO for its global operations in 2014; before that, he oversaw the automaker’s North American finances starting in 2010 — a turbulent time for The General.

In his wake, a woman whose actions helped rustled up quite a bit of cash for the automaker will pick up where he left off.

Read more
  • Scott Who makes the best used cars? I thought they all made new cars. (silly me)
  • Jkross22 It's the one with some warranty left.
  • Big Al from Oz Well, the best manufacturer of a used vehicle? Who makes used cars? If we are asking which manufacturer produced the best vehicle for resale I would think most any (with a few exceptions). Used vehicle condition is dependent upon the maintenance performed over its life cycle. There are good Mitsubishis and Nissans out there, somewhere.
  • Ajla Anything over about 5 years or 50k miles and you're buying the prior owner's maintenance and driving habits as much as you are the brand.
  • Loser I had a spice red 06, only complaint was the stereo sucked. The low end torque was intoxicating. Had an ‘04 Mustang Mach that I really loved but the GTO was a huge upgrade. It was probably the best road trip car I’ve ever had. They were just about giving them away when I got mine. Never understood why they didn’t sell better. People say it was too bland but it was perfect to me.