GM CEO Mary Barra on the painful jobs transition
June 17, 2019
*Full Article at LinkGM CEO Mary Barra says the company will need to relocate workers to keep them in the family as part of its long-term vision for an electric, self-driving future. "I want to make sure this company is not around for the next five years but the next 50 and beyond," Barra tells "Axios on HBO."
Why it matters: With contentious labor talks looming this summer, Barra's challenge is to convince longtime autoworkers that her plan to divert resources toward unproven future technologies won't put their livelihoods at risk.
What to watch: GM is shifting its entire vehicle lineup to electricity, which means instead of gasoline-powered engines and transmissions, it will need to produce more battery packs and electric drivetrains.
- GM says it will introduce 20 new electric vehicles by 2023. Many of those will be built and sold in China, where GM is a major player and the government is aggressively pushing EVs.
- "But there's a very robust plan for the United States as well. So there'll be more opportunities as we move forward," says Barra.
- So far, GM has only announced one: a new Chevrolet EV that will be built in Michigan, attracting $300 million in investment and 400 new jobs.