Tag: Mary Barra

By on November 1, 2019

When Porsche introduced the Cayenne, the SUV was met with a sea of laughter. No one had attempted a sports-oriented utility vehicle before; on paper, the idea sounded totally daft. Yet Porsche quickly proved everyone wrong. Sales of the model have remained relatively consistent in both the United States and Europe since its 2002 production launch — paving the way for similar products around the globe.

While most of these models have taken the form of amped-up versions of mainstream SUVs and crossovers, a swell of performance utilities are blurring the line. Ferrari is supposedly working on an SUV called the Purosangue, Lamborghini developed the Urus, and Ford will reveal its “Mustang-inspired” crossover later this month.

During General Motors’ third-quarter earnings call, one analyst wondered if the manufacturer wanted to follow suit with a utility vehicle modeled after the Corvette. Sure, it sounds crazy, but so did those other aforementioned vehicles at one time.  (Read More…)

By on September 5, 2019

Mary Barra with Chevrolet Cruze, Image: GM

General Motors CEO will meet with U.S. President Donald Trump and White House officials on Thursday to discuss the state of the automotive industry, trade issues, and the fuel economy rollback. We imagine it’ll go much differently than their first meeting in Washington.

Perpetually concerned with economic threats arising from China, Trump has come down hard on automakers in the past. These days, his favorite punching bag happens to be GM. The automaker’s strong presence in China has forced it to make commitments there. On this side of the Pacific, the automaker has shuttered production facilities in Michigan, Ohio, and Maryland while continuing to manufacture vehicles in Mexico — something the UAW has been exceptionally critical of going into contract negotiations.  (Read More…)

By on August 21, 2019

This week, General Motors CEO Mary Barra and Ford CEO Jim Hackett were among 181 corporate executives claiming their companies need to do more than just deliver value to shareholders. If you just blacked out, we’ll reiterate — chief executives around the country are suggesting businesses need to do more than pad their share price.

We’re wondering why the sudden change of heart.  (Read More…)

By on May 30, 2019

With pickups and crossover vehicles serving as the lifeblood of domestic manufacturers, General Motors is setting aside $24 million for its Fort Wayne truck assembly plant. While the investment isn’t expected to result in any job creation, it does aim to boost production volume of the new Chevrolet Silverado and GMC Sierra in Allen County, Indiana.

According to GM, combined sales of the Chevrolet Silverado 1500 and GMC Sierra 1500 crew cab pickups, which launched last year, were up 20 percent in the first quarter of 2019 versus the year prior. This isn’t surprising, considering new versions of popular models typically see an uptick in sales, but General Motors says it anticipates another sizable increase in demand over the second quarter and wants the facility to be ready.  (Read More…)

By on April 26, 2019

General Motors has officially announced that the Chevrolet Corvette will continue production in Bowling Green, KY after it transitions into a mid-engined car. The automaker will add 400 new jobs and a second shift to support production of the new model, bringing the factory’s workforce to more than 1,300 individuals.

However, the Corvette news — such as it is — doesn’t end there. The vehicle’s factory-sanctioned Facebook page also revealed the car’s new logo on Friday.  (Read More…)

By on January 11, 2019

Shortly after General Motors announced its decision to end assembly work at two car-producing U.S. plants, Tesla CEO Elon Musk floated the possibility of a Silicon Valley rescue of either Detroit-Hamtramck or Lordstown Assembly.

Talks between GM and Tesla did occur, it turns out, but GM CEO Mary Barra doesn’t seem to think much of the chances of laid-off employees finding salvation in a Tesla intervention. (Read More…)

By on December 6, 2018

General Motors Renaissance Center

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.  (Read More…)

By on November 29, 2018

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.

(Read More…)

By on November 27, 2018

General Motors Renaissance Center

The big news this week is General Motors’ decision to cull its lineup, closing plants and sacking about 15 percent of its North American workforce in the process. According to Chief Executive Officer Mary Barra, GM’s official reasons for doing so are all part of its grand plan to transition to a company focused on electric vehicles and self-driving cars.

While we harbor a vague suspicion that the automaker is actually trying to prepare itself for an incoming economic downturn, leaving itself with plenty of financial wiggle room, GM currently enjoys relatively healthy profits (thank you, truck sales) and a lofty share price. In fact, GM shares rose nearly 5 percent after it announced the shuttering of several plants in the U.S. and Canada, cutting as many as 14,800 jobs.

Unfortunately, GM’s investors seem to be the only group that’s pleased with the decision. Everyone else appears to be absolutely furious.  (Read More…)

By on November 2, 2018

General Motors won’t move ahead with a planned expansion of its Warren, Michigan design center, nor will its Pontiac propulsion center get the makeover GM once favored. While a shiny new parking garage became a reality before CEO Mary Barra’s aggressive cost-cutting program could kibosh it, the automaker’s planned workforce reduction might render many of those parking spaces redundant. (Read More…)

By on May 11, 2018

sergio-marchionne

Ten automotive executives met with President Donald Trump this week, hoping to find ways to increase domestic production and mitigate the coming changes to corporate fuel economy regulations. The meeting, held in the White House’s Roosevelt Room, included General Motors’ Mary Barra, Ford’s Jim Hackett and Fiat Chrysler’s Sergio Marchionne. While a large portion of the event was spent discussing the administration’s attempt to roll back established fuel economy rules, Trump was focused on returning manufacturing jobs to the United States.

The president noted that FCA’s decision to spend $1 billion in order to expand truck assembly in Michigan made Marchionne more appealing than his contemporaries. “Right now, he is my favorite person in the room,” Trump said.  (Read More…)

By on December 6, 2017

GM marketplace

After announcing its new in-car marketplace earlier this week, General Motors is taking some heat from the National Safety Council. While we weren’t entirely sold on the shopping service either, our concerns revolved mainly around the automaker’s initial push into consumer data acquisition and targeted advertising.

We glossed over the safety angle, for the most part, mainly because we hadn’t yet played with the feature. However, the council’s worries focus squarely on the potential risk for distracted driving.

Upon marketplace’s release, GM tried to make clear that the service took those dangers into account, offering what it claims is a safer alternative to mobile phone use. But National Safety Council President Deborah Hersman believes the app will only create more accidents, hinting at the role cumbersome in-car technologies may have played in last year’s 5.6-percent rise in U.S. auto fatalities. (Read More…)

By on November 28, 2017

Mike Pence

The automotive industry is wary of any changes that might be made in regard to the North American Free Trade Agreement. Fortunately for them, little progress has been made during the last few months of negotiations. But that doesn’t create an assurance that changes aren’t still en route. So, manufacturers and suppliers have banded together via various trade groups to voice their opinion on how to best handle NAFTA.

Meanwhile, the Trump administration has attempted to make itself appear friendly to the automotive business. Continuing these efforts, Vice President Mike Pence has met with General Motors CEO Mary Barra, Fiat Chrysler’s Sergio Marchionne, Ford North America President Joe Hinrichs, and a handful of other top-tier auto executives. (Read More…)

By on November 15, 2017

General Motors CEO Mary Barra outlined the company’s vision of the future at the Barclays Global Automotive Conference in New York on Wednesday. While the majority of her speech adhered to GM’s current mantra of “zero crashes, zero emissions, and zero congestion,” we also got a taste of what that thinking might yield on a shorter timeline.

In early October, GM expressed its intention to launch 20 new electric vehicles by 2023. However, we didn’t get any specific details on the matter. That changed this week. Barra claims the manufacturer will introduce three new electric models by 2020, with two of them being crossovers. The trio will share share basic components with the Chevrolet Bolt. (Read More…)

By on October 8, 2017

renaissance center Detroit

Promoting a future for wide electrification appears to be the Achilles’ heel for bearish investors. Despite some bad publicity last week, Tesla Motors’ already sky-high share price resumed its relentless upward trend after a brief September slump. However, Tesla isn’t the only domestic company benefiting from electrification. Both General Motors and Ford have also seen marked improvements on Wall Street following tech-forward corporate announcements.

For General Motors, that meant the promise of widespread electrification. CEO Mary Barra pressed the issue by reaffirming GM’s three-tiered policy of, “Zero Crashes. Zero Emissions. Zero Congestion.” On a LinkedIn posting, Barra elaborated on the company’s vision where technology minimizes accidents via driver’s aids and autonomous hardware, nullifies emissions through alternative powertrains, and reduces congestion using inter-vehicle connectivity.

In addition to GM’s proposal to launch 20 new electric or fuel cell vehicles by 2023, the company has seen its share price jump twice in the same week. But Ford saw similar, although more modest, improvements in value following it’s own announcement of a tech-driven future.  (Read More…)

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