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GM promises 30 EVs by 2025 in 'all-out pursuit of global EV leadership'

Mary Barra says GM will spend $27 billion to speed a dozen models to market

General Motors Co Chief Executive Mary Barra said the Detroit automaker is accelerating an "all out pursuit of global EV leadership," challenging electric vehicle leader Tesla Inc with increased spending and sped-up vehicle production targets. Over time, GM plans to offer electric vehicles across its lineup, from below $30,000 (£22,665) to over $100,000, with a goal of "putting everyone in an electric vehicle," Barra told investors Thursday during a conference sponsored by Barclays. Barra sa

ETC
GM is considering getting into the electric 'flying car' market

Mary Barra: 'Our Ultium battery system opens doors ... including aerial mobility'

General Motors Co is exploring options in the aerial taxi market, including whether to build the vehicles known colloquially as "flying cars," as part of a push by the U.S. automaker to look for growth in related transportation markets, two people familiar with the matter said. Chief Executive Mary Barra on Monday briefly made her first reference ever to Detroit-based GM's interest in the air taxi market, saying that it fit with development of electric vehicles (EVs) and its Ultium advan

ETC
Appeals court delays 'sensible resolution' meeting between GM, Fiat Chrysler CEOs

GM objects to trial judge who called its UAW-payoff lawsuit 'a waste of time'

Three federal appeals judges have delayed a court-ordered meeting between the CEOs of General Motors and Fiat Chrysler to try to settle a lawsuit over corruption by union leaders. U.S. District Court Judge Paul Borman last week ordered GM CEO Mary Barra and FCA CEO Mike Manley to hold the meeting before July 1.

Official
GM's Mary Barra optimistic on U.S. demand, China, EV profitability

'Cautiously optimistic,' at least

General Motors Co's top executive struck an optimistic note on Monday about U.S. new vehicle demand despite the coronavirus pandemic, and the ability to sell electric vehicles at a profit, especially in China. "We're cautiously optimistic" about U.S. new vehicle demand, Chief Executive Officer Mary Barra said at a virtual press event hosted by the Automotive Press Association.

ETC
This time, Pence wears a mask as he tours GM-Ventec Indiana ventilator plant

In a discussion with Mary Barra and Ventec's CEO, no one wore a mask

Vice President Mike Pence donned a face covering Thursday as he toured a General Motors/Ventec ventilator production facility in Indiana after coming under fire for failing to wear one earlier this week in violation of Mayo Clinic policy. General Motors requires workers to wear masks in the plant's production area, according to spokesman Jim Cain. Pence removed the mask, however, for a roundtable with top officials, including General Motors CEO Mary Barra and Ventec CEO Chris Kiple.

Official
GM CEO Mary Barra's pay dipped to $21.6 million in 2019

Company meanwhile suspends its stock dividend to conserve cash

Barra's pay package included a salary of $2.1 million, stock awards worth $12.14 million, options worth more than $3.5 million and a performance award worth $2.73 million, according to the proxy. Barra's total compensation package was valued at $21.63 million, below the $21.87 million she received in 2018.

Official
GM cuts white-collar salaries; Ford defers execs' pay, wants to restart some plants

'Wide-ranging and substantial' steps, with 'long-term viability at stake'

The two largest U.S. automakers on Thursday announced measures to shore up their finances as the coronavirus pandemic takes a deep economic bite, with Ford Motor Co aiming to resume production next month of its most profitable vehicles while cutting costs further. General Motors Co , the No. 1 U.S. automaker, said it planned to keep its plants closed indefinitely and was reducing the pay of salaried employees and executives and suspending some future product programs to conserve cas

Official
GM taking austerity measures in face of coronavirus slowdown

Company tapping into lines of credit, suspending 2020 forecast

The No.1 U.S. automaker, which also suspended its 2020 outlook, said it was evaluating its quarterly dividend, but has not yet decided to suspend it. As of the end of 2019, GM had $34.6 billion in liquidity, including $17.3 billion in cash. Companies across the globe are drawing down on revolving credit lines to help them cover their costs through a crisis which has brought many elements of the global economy to a complete standstill.

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