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Posts Tagged ‘gm ceo mary barra’

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…)

UAW Contract Talks to Determine Fate of Lordstown Plant

Automaker leaves door open to saving at least one of three threatened assembly plants.

by Paul A. Eisenstein on Dec.20, 2018

Could the Lordstown, Ohio plant be spared? Contract negotiations between the UAW and GM could bring it back to life.

Workers at General Motors’ Lordstown, Ohio plant may have reason to hope their prayers will be answered.

The automaker is dangling the possibility that the factory – one of five it plans to shutter next year – could be salvaged when GM and the United Auto Workers Union sit down to negotiate a new, five-year contract next summer.

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“Plant closings are a matter of negotiations between GM and the United Auto Workers,” spokesman Pat Morrissey told TheDetroitBureau.com. “At this point, the plants are ‘unallocated,’” which, under the language of the current union/management contract, means there is still the possibility GM will move forward and allocate new product there as part of the next agreement. (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 Asks for Relief on Fuel Rules While Betting Big on EVs

CEO Barra talks about GM's battery-based future.

by Joseph Szczesny on Oct.30, 2018

General Motors Chairman and CEO Mary Barra talked about the company's future batter-electric vehicles at CityLab Detroit 2018.

General Motors has proposed downshifting the federal fuel-economy standards it signed off when it went bankrupt a decade ago, but its top executive said she hopes the automaker can help hasten the switch to electric vehicles.

GM said in a document released this week it favors annual increase in fuel-efficiency standards based on “historic rates” rather than the Obama era rules or a proposal from Trump administration proposal that would basically loosen the current standards.

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Mary Barra, GM chairman and chief executive officer, noted in remarks in Detroit that GM has taken a leading role in the development of electric vehicles and is now developing its fourth generation of EVs.   (more…)

GM Impacted Already by Rising Costs Due to Trump Tariffs

CEO Barra says no changes planned yet.

by Joseph Szczesny on Jun.12, 2018

General Motors Chairman and CEO Mary Barra talks with media prior to the start of the 2018 General Motors annual shareholders meeting.

Tariffs on aluminum and steel are already beginning to push up costs General Motors top executive acknowledged before the company’s annual shareholders meeting in Detroit.

GM is beginning to see cost increases as a result of the tariffs imposed on aluminum and steel by the Trump administration, GM Chairman and Chief Executive Officer Marry Barra said Tuesday ahead of the company’s meeting.

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Barra told reporters that the trade negotiations are still incomplete so it is difficult to have a complete picture of the impact of tariffs will have on the General Motors or the automobile industry in general.  (more…)

GM’s Barra Pushes For Government Help with China EV Sales

CEO says automaker will meet the mandates.

by Michael Strong on Sep.15, 2017

GM Chairman and CEO Mary Barra said consumers in China will need government enticements to buy EVs in the numbers it wants.

If the Chinese government wants a flood of electric vehicles racing around the streets of its largest cities, GM CEO Mary Barra believes they’re going to need to provide some substantial incentives to consumers to lure them behind the wheel.

Barra, who was speaking at company event in Shanghai, said the move toward new-energy vehicles, or NEVs, will require the government to entice a market that is very comfortable with gasoline-powered cars to make the switch along with viable products.

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“While we are exploring all channels to boost NEV sales, building raw consumer acceptance of NEVs will depend on continued joint effort between the government and automakers,” Barra said, according to Reuters. (more…)

Barra Brings Home Industry’s Fattest Paycheck

Breaking the glass ceiling paid big reward.

by Paul A. Eisenstein on Apr.05, 2017

CEO Mary Barra.

The woman who broke Detroit’s glass ceiling is now the best-paid executive – male or female – in the domestic auto industry.

General Motors CEO Mary Barra, who became the maker’s chief executive officer in 2014 and later its chairman, earned $22.6 million last year. That was actually down $6 million compared to hear 2015 compensation, but still $500,000 more than what Ford CEO Mark Fields brought home, according to federal documents filed by the two carmakers.

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As for Sergio Marchionne, the chief executive of Fiat Chrysler Automobiles, he lagged well behind with compensation of “just” $11.99 million for the year. And while numbers haven’t been released for all the major foreign manufacturers, observers say it’s likely Barra will reign supreme across the industry, as U.S. automakers historically have offered significantly higher compensation than overseas competitors.

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Barra Accepts Post on Trump Economic Advisory Panel

GM boss only top executive from an automaker in the group.

by Michael Strong on Dec.02, 2016

General Motors Chairman and CEO Mary Barra accepted a spot on President-elect Donald Trump's newly formed economy and trade forum.

General Motors Chairman and CEO Mary Barra’s success has apparently made her very popular in Washington D.C. these days.

President-elect Donald Trump asked Barra to be part of his Strategic and Policy Forum that will advise him on economic and trade issues.

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Trump included Barra in the group composed of “some of America’s most highly respected and successful business leaders” that “is designed to provide direct input to the president from many of the best and brightest in the business world in a frank, non-bureaucratic and non-partisan manner,” according to Trump officials. (more…)

GM’s Barra Almost Got a Much Bigger Promotion: U.S. Vice President

WikiLeaks latest release reveals CEO was considered as Clinton's running mate.

by Michael Strong on Oct.18, 2016

GM Chairman and CEO Mary Barra made the first round of cuts to be Hillary Clinton's running mate this year.

General Motors CEO Mary Barra’s spent her entire career with one company. However, the history-making executive was under consideration for a bigger title than the “Chairman” that she added last year: Vice President of the United States.

Barra, who has never publicly espoused any political aspirations, was listed among 39 potential candidates to be Hillary Clinton’s running mate, according to a hacked email released today by WikiLeaks.

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In a list broken down by adviser John Podesta into what he labeled as “food groups,” Barra found herself mentioned with several other top executives, including: Michael Bloomberg, chairman of the news group that bears his name and former mayor of New York City; Microsoft Founder Bill Gates, as well as his wife, Melissa; Apple CEO Tim Cook; Starbucks CEO Howard Schultz; and several others. (more…)