General Motors is planning for long-term profitability in South America built on the back of draconian cost cutting during Brazil's recession and the same low-cost vehicles it is developing for Chinese consumers, which are due to hit dealerships in 2019.
Robo-taxis could be "potentially bigger than our current core business, with better margins."
This, as road tests in Manhattan are about to begin.
GM is preparing to add a new Chevy-branded family vehicle to emerging markets, which it expects to sell some two million units per year by 2019.
General Motors is giving CEO Mary Barra, president Dan Ammann and product development boss Mark Reuss even more shares in the automaker in 2015 under the company's long-term incentive plan. Barra's stock could be worth around $3 million.
Complain loudly enough online about quality problems in your General Motors vehicle, and it might be noted by the automaker. Or you might get a call from CEO Mary Barra for feedback on the company. The strategy is part of a new initiative from the automaker to be more proactive about fixing small issues before they grow into a year like 2014, with over 26-million recalled autos from GM in the US.
Akerson himself previously noted that a female CEO at one of the Detroit Three was "inevitable."
Mother is a well-respected ad agency with offices in London, New York and Buenos Aires. Another noteable detail about Mother is that Pernilla Ammann is a partner and COO of Mother New York. That's important, because Mrs. Ammann's husband is General Motors CFO Dan Ammann. Neither point stands out on its own, but General Motors spent $600,000 with Mother to create webisodes in support of the 100th birthday of Chevrolet, and that's gotten the attention of the Securities and Exchange Commision.
General Motors has announced that Chris Liddell (above left), the company's vice chairman and chief financial officer, is leaving the automaker. Liddell joined GM in January 2010 and was instrumental in guiding the manufacturer through its recent initial public offering. At this point, the reasons for Liddell's departure remain unclear.