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Posts Tagged ‘Barra news’

Key Message Lost in GM’s Plant Closing Announcement, Barra Says

Company offered jobs to all 2,700 employees affected.

by Joseph Szczesny on Jan.17, 2019

GM CEO Mary Barra told the Automotive News World Congress that she understood why people were upset by GM's plans to close five plants.

General Motors fumbled its recent announcement about its plans to close plants in the U.S. and Canada, GM’s top executive acknowledged.

During an appearance at the annual Automotive News World Congress, GM Chairman and CEO Mary Barra said the timing of the announcement in November that the company planned to close plants in and around Detroit, Lordstown, Ohio, Baltimore and Oshawa, Ontario, was driven by the change in customer preferences away from cars and to SUVs.

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“Having been at General Motors for 38 years, I feel a huge obligation to make sure that General Motors is successful not just a for a few years. I want GM to be successful for many, many decades,” Barra said. (more…)

Trump Takes Swipes at GM, Barra about EV Strategy

President claims EV strategy is flawed.

by Michael Strong on Dec.13, 2018

GM CEO Barra and President Donald Trump during better days. Trump called Barra "nasty" during an interview on Fox News today.

President Donald Trump is like a dog with a bone when it comes to General Motors and CEO Mary Barra today again taking swipes at the company and its product strategy as well as Barra herself.

On an appearance on Fox News, Trump said the company’s focus on shifting to electric vehicles is poorly conceived and won’t work.

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“They’ve changed the whole model of General Motors. They’ve gone to all-electric. All-electric is not going to work … It’s wonderful to have it as a percentage of your cars, but going into this model that she’s doing I think is a mistake,” Trump said.  (more…)

Barra Completes Two-Day Tour, Sticks to GM’s Guns About Closings

Senators push CEO to change her mind — with no luck.

by Michael Strong on Dec.07, 2018

General Motors CEO Mary Barra said no changes would be made to the closures of five U.S. plants.

General Motors Chairman and CEO Mary Barra completed two days of tense discussions with politicians in areas affected by the company’s recently announced plans to close five plants and displace thousands of workers.

Barra’s message was that these decisions were not made lightly and that the company would find jobs for many of the displaced workers, but ultimately they were made due to shifts in the buying habits of Americans.

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“We had really productive discussions, and I think they have a better understanding of what we’re doing and why, and how we’re making sure that we’re supporting the displaced workers, especially at the plants that are impacted, ” she said after meeting with Michigan politicians, the Detroit News reported.  (more…)

GM CEO’s “Open Mind” May Not Save Any of Five Plants Slated to Close

“We do have an overcapacity problem,” says Barra, after Capitol Hill meetings.

by Paul A. Eisenstein on Dec.06, 2018

GM CEO Mary Barra has been meeting with members of Congress, explaining why five plants are being closed.

General Motors Chairman and CEO Mary Barra told members of Congress she will keep an “open mind” when it comes to plans to close five plants next year, including assembly plants in Michigan, Ohio and Ontario, Canada.

The closures were announced late last month, along with plans to trim about 15% of the automaker’s white-collar workforce, as it addresses a variety of problems, including the ongoing shift from passenger cars to light trucks. But Barra also stressed that the automaker faces “limitations” on what it can do because “we do have an overcapacity (issue) across the country.”

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The one-time “shop rat,” who began working at GM as a co-op student said she told Congressional representatives from Ohio and Maryland on Wednesday that “These were difficult decisions – decisions I take very personally,” while adding in a statement that GM wants to “minimize the impact on the (affected) communities” by, among other things, offering workers a chance to switch to other GM plants, where possible or by offering outplacement services. (more…)

GM CEO Barra Wants to Turn a Profit – Soon – on Electric Vehicles

New platform, high volume and cheaper batteries are key.

by Paul A. Eisenstein on Jan.15, 2018

General Motors CEO Mary Barra recently signed off on a plan to expand the company's portfolio of electric vehicles.

While there are only a handful of long-range electric vehicles on the market right now, you can expect to see as many as two dozen or more in U.S. showrooms by the end of the decade, and several times as many five years from now.

Virtually every major automaker has promised to “electrify” its line-up, and companies like General Motors, Toyota and Daimler AG plan to put a premium on pure battery-electric models. While that may be great news for green-minded auto buyers, there’s a serious flaw in the equation for auto manufacturers, says Woong-chul Yang, the head of R&D for both Hyundai and its sibling brand Kia.

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“Whenever we sell eco-friendly vehicles we all lose money,” the South Korean executive told after presiding over the rollout of the new Kia Niro EV at the Consumer Electronics Show last week. “Even battery vendors are losing money.” (more…)

Barra Squelches Speculation Over Trump Administration Post

GM Chairman says she’s “150% committed” to automaker.

by Joseph Szczesny on Apr.28, 2017

GM CEO Mary Barra, who serves on an industry forum advising Trump, said she is "150% committed" to GM.

General Motors Chief Executive Officer Mary Barra flatly rejected the idea that she might be preparing to accept a job in the administration of President Donald Trump.

Barra said during a conference call with analysts and journalists following the release of GM’s first quarter financial that she was “150 % committed” to her job at the auto giant where she has worked for the past 37 years, including the past three as CEO.

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“I am 150% committed to this company,” she said, adding that personally she finds it to be an incredibly exciting time to be working at GM during a period when the auto industry is on the verge of a technological revolution. (more…)

GM Rabblerouser Critcizes Making Barra Chairman

Investor says Barra should remain focused on CEO duties.

by Joseph Szczesny on Jan.14, 2016

General Motors investor Harry Wilson says adding the chairman's responsibilities to Mary Barra's duties as CEO is a mistake.

The decision of the General Motors Board of Directors to name Mary Barra as chairman as well as chief executive officer is a mistake, according to the leader of the hedge fund who pressured GM into approving a multi-billion dollar stock repurchase program last year.

“I think Mary has done a terrific job. But if you wanted to promote her, give her a raise,” said Harry Wilson, chairman and CEO of the MAEVA Group LLC, who noted that the broader trend is to separate the CEO job from the chairmanship because the two roles are, or should be, quite different.

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Barra was named chairman of the GM board last week. Except for short periods of time, the roles of chairman and chief executive have been combined ever since the retirement in 1956 of the company’s legendary chairman Alfred P. Sloan. Sloan himself served as both chairman and CEO for more than two decades. (more…)

GM Celebrates 500 Million Vehicles with New $174M Investment

Maker announces next piece of three-year, $5.4 billion plan.

by Joseph Szczesny on May.04, 2015

GM's Fairfax, Kansas, plant produced the maker's 500-millionth vehicle today and received news the company is investing $174 million in facility upgrades.

General Motors Co. marked a huge milestone today – the company’s 500th millionth car rolling off the assembly line at the automaker’s assembly plant in Fairfax, Kansas – by announcing it would invest $174 million into the plant.

Alan Batey, president of GM North American Operations, announced GM will invest $174 million in the Fairfax plant for new equipment and technology to support production of the 2016 Malibu and improve customer satisfaction. The plant, which builds the Chevrolet Malibu and Buick LaCrosse, opened in 1987. It replaced an outmoded plant in Kansas City, Missouri, and today employs 3,500 hourly and salaried workers.

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One element of the improvements in the Fairfax plant is the construction of a “Shake and Rattle” booth, which simulates any road condition a customer might experience – and identifies sources of noise so they can be fixed. (more…)

500 Million and Counting

GM no longer sets the lead – but competitors have a long way to go to catch up.

by Paul A. Eisenstein on May.04, 2015

General Motors CEO Mary Barra (center) tours the GM Fairfax Assembly plant with Plant Manager Bill Kulhanek and UAW Local 31 President Vicki Hale during the celebration of the 500-millionth vehicle.

General Motors CEO Mary Barra put in an appearance today at the maker’s Fairfax, Kansas, assembly plant, as part of a celebration meant to mark the roll-off of the 500 millionth vehicle the company has produced during the last 106 years.

While scholars might quibble a bit – this is, after all, the “new,” post-bankruptcy GM – few would deny the significance of this milestone. Industry observers say no other manufacturer has so far come close to the half-billion mark, and likely won’t for a number of years.

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But while this might allude to the days when General Motors dominated the global auto industry like no other manufacturer, it is today far from the towering monolith of decades past. In fact, it very well could slip to fourth place among global automakers this year, at least when measured by global unit sales. (more…)

Barra Leads GM Trip Exploring Growth in India

Maker searching for ways to avoid pitfalls.

by Joseph Szczesny on Sep.12, 2014

General Motors CEO Mary Barra and GM India Managing Director Arvind Saxena roll out the first Chevrolet Beat for export from the GM Talegaon manufacturing facility in India.

For the world’s automakers, India is a land of unlimited potential. It has a large, well-educated and growing middle-class with an entrepreneurial tradition and a dynamic culture that has spread its influence around the world.

General Motors certainly is no exception when it comes to its interest in India. In fact, Mary Barra, GM’s CEO, and several board members traveled to the country to gain more insight into how the automaker can avoid the pitfalls other automakers have experienced.

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The auto industry in India has been hobbled by seeming intractable infrastructure problems that have limited the attraction of automobiles despite the rising incomes from India’s proficient tech culture. (more…)