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
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
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.
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.
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.
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.
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
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.
General Motors Co and Ford Motor Co said on Wednesday they were in talks with White House officials about how they could support production of medical equipment like ventilators that may be needed to combat the coronavirus outbreak. GM Chief Executive Mary Barra spoke to White House economic adviser Larry Kudlow about the issue after the Detroit automaker announced it will suspend North American production through March 30.
General Motors Co has watched with frustration and envy as the market value of electric carmaker Tesla Inc has ballooned to more than triple GM's size, but Wednesday the Detroit automaker is expected to make the case that its EV and self-driving technology strategy deserves a higher value. GM Chief Executive Mary Barra and her top executives will host an investor conference in New York. Barra has been restructuring GM's operations and stressing her goals of readying GM for a fu
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.