General Motors Co expects to spend more on developing and selling electric vehicles (EVs) than gasoline-powered cars over the next five years, Chief Executive Mary Barra said on Tuesday. Barra was responding to a question from an analyst on the No. 1 U.S. automaker's earnings conference call when she said she believed EVs would see more of the research and development and capital spending dollars in that time period. The United Auto Workers union, which just ratified a new four-year lab
General Motors CEO Mary Barra joined negotiators at the bargaining table, an indication that a deal may be near to end a monthlong strike by members of the United Auto Workers union that has paralyzed its factories. Barra and GM President Mark Reuss were in the bargaining room early Tuesday, a person briefed on the talks said.
Barra met with UAW President Gary Jones and senior union negotiator Terry Dittes on Wednesday at a time when GM had not yet received a formal response to a new offer made on Monday morning, sources briefed on the matter said. GM declined to comment on the meeting, but said progress was being made in the talks. There was a meeting (between Barra and Jones and Dittes) and we continue to meet at all levels," UAW spokesman Brian Rothenberg said.
When asked about reports General Motors Co may turn its shuttered Lordstown, Ohio, plant into a battery factory, "Buffalo" Joe Nero snorts and points at the vast complex that until six months ago made the Chevrolet Cruze. The United Auto Workers (UAW) union, which went on strike last week, agrees. GM's decision to close it and three other U.S. facilities due to sagging U.S. passenger car sales has drawn widespread criticism, including from President Donald Trump.
General Motors Co chief executive Mary Barra may go to Ohio with President Donald Trump to attend a meeting in the state where the largest U.S. automaker has ended production at a car assembly plant, an aide to Trump said Friday. Barra, who met with Trump on Thursday, has come under harsh criticism from the president for announcing plans to close four U.S. plants, including a Lordstown, Ohio, assembly plant that ceased production in March. "Mary Barra is doing her best to open up plants
Mary Barra reiterates GM will build full range of EVs, including an all-electric pickup.
Would it be a Chevy or GMC?
'Complex schedule wouldn't allow her to be there' to explain Oshawa closure.
Says it has enough job openings for all but 100 displaced factory workers.
'We're not here to make everybody angry.'
Meanwhile, union workers protest closures, as Barra says Tesla buying Lordstown is 'moot'
Sure, a self-driving Bolt may be cool, but a Silverado is going to haul the earnings.
3,300 U.S. factory jobs are going away at plants GM plans to idle
And he says new trade deal makes it 'very uncomfortable' for GM to build cars outside the U.S.
It plans 20 electric models by 2023 but says a new car for Ohio is unlikely.