Damage Control: GM Attempts to Smooth Things Over in Washington

General Motors’ restructuring plan has placed it under heavy fire. As it turns out, domestic job cuts and factory closings aren’t all that popular on Capitol Hill or in middle America, especially when a company appears financially healthy. Go figure.

Hoping to mitigate the social damage that’s only guaranteed to escalate next year, GM CEO Mary Barra took a trip to Washington to speak for the automaker. However, there wasn’t much backpedalling or apology-making coming from the executive. Instead, Barra’s presence served only to show that the company is capable of listening while simultaneously reinforcing that there will be no changes made to the plan.

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  • Jalop1991 Is this the beginning of the culmination of a very long game by Tesla?Build stuff, prove that it works. Sell the razors, sure, but pay close attention to the blades (charging network) that make the razors useful. Design features no one else is bothering with, and market the hell out of them.In other words, create demand for what you have.Then back out of manufacturing completely, because that's hard and expensive. License your stuff to legacy carmakers that (a) are able to build cars well, and (b) are too lazy to create the things and customer demand you did.Sit back and cash the checks.
  • Buickman more likely Dunfast.
  • Chris P Bacon "Dealership". Are these traditional franchised dealers, or is Vinfast selling direct?
  • Chris P Bacon Full self driving is a fraud. Even aircraft "autopilot" requires pilot interaction, attention, and most importantly of all, training is required. We've already seen accidents by idiots who think they don't need to interact with their Tesla. The system gets confused by simple lane markings, and there are many more variables driving down the street than there is in a jet aircraft.
  • ToolGuy I read through the Tesla presentation deck last night and here is my take (understanding that it was late and I ain't too bright):• Tesla has realized it has a capital outlay issue and has put the 'unboxed' process in new facilities on hold and will focus on a 'hybrid' approach cranking out more product from the existing facilities without as much cost reduction but saving on the capital.They still plan to go 'all the way' (maximum cost reduction) with the robo thing but that will be in the future when presumably more cash is freed up.