By on February 5, 2020

General Motors Renaissance Center

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…)

By on June 13, 2018

Image: General Motors

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…)

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