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  1. Automotive Industry & GM News
    Mary Barra will be announcing plans to deepen investments in GM's electric cars on Thursday, according to a report from Reuters. The plan would see GM adding to the $20 billion investment it has already made in electric cars. Although GM has declined to comment, the automaker has been accused...
  2. Automotive Industry & GM News
    Although the automotive world is divided on developing EV-only chassis, GM says its Ultium platform will allow for the very rapid development of further EVs. According to Mary Barra, GM CEO, what the company learned developing the Hummer and the Lyriq will allow it to develop more cars faster...
  3. Automotive Industry & GM News
    Income leaped by 74% year over year at GM, according to quarterly financial results the company published today.  General Motors reported a total of $4 billion in income for the first three quarters of 2020, up from $2.3 billion in the same period in 2019. This despite net revenue of $35...
  4. Automotive Industry & GM News
    GM CEO Mary Barra made her first public reference to flying taxis at a conference this week. The comment is the biggest official hint yet that the automaker is considering moving into the skies. "We believe strongly in our EV future and not just for vehicles," said Barra. "The strength and...
  5. Automotive Industry & GM News
    Following a $1 million partnership the Girl Scouts of America at the end of July, GM CEO Mary Barra took to the (webinar) stage to speak to the Girl Scouts of America. "The auto world is considering how people move […] and that is changing," said Barra, per the Detroit Free Press. "We...
  6. Automotive Industry & GM News
    General Motors saw half of its wishes granted this week, after an appeals court overturned an order by U.S. District Judge Paul Borman for the CEOs of GM and Fiat Chrysler to meet and settle their differences in person. GM is suing FCA, accusing its crosstown rival of racketeering and claiming...
  7. Automotive Industry & GM News
    Speaking on Leadership Live with David Rubenstein, Mary Barra argued that the transition from gas-powered cars to electric ones would happen over the course of many years. Moreover, she predicted that not every car would be electric by 2040. "I think it'll happen over a period of years and...
  8. Automotive Industry & GM News
    The next few weeks will be very important, said GM CEO Mary Barra, during a virtual fireside chat with Credit Suisse, Tuesday. With a possible second-wave of COVID-19, the question of how GM can protect itself from more interruptions is top of mind. Despite ending the first quarter with $33.4...
  9. Automotive Industry & GM News
    GM's CEO and other top executives are hitting the ground this month to visit as many of GM's 30 US production facilities as possible in the next few weeks. The tour will begin today, according to the Detroit Free Press, with a visit to the company's Lansing Delta Township plant. The plant will...
  10. Automotive Industry & GM News
    GM's decision to pull out of the Australian market and its compensation for Australian dealers are being criticized. In fact, James McGrath, Senator for Queensland has offered GM one dollar in exchange for the brand to express his dissatisfaction with the situation. "If General Motors think the...
  11. Automotive Industry & GM News
    A top General Motors executive this week said that the company hopes to return to pre-COVID production levels by June 15, according to the Detroit Free Press. "Not every facility will ramp up as fast as possible," said Philip Kienle, VP of North American manufacturing. "Ideally, in a perfect...
  12. Automotive Industry & GM News
    General Motors just issued sales figures for China, and the news of lower volumes comes with warnings of even lower ones down the road. Including its joint ventures in the country, like with SAIC and Guangxi Automobile Group, GM sold 3.09 million vehicles in China in 2019. That's down from 15...
  13. Automotive Industry & GM News
    General Motors CEO Mary Barra told media that the company's first electric pickup truck would go on sale in the fall of 2021. The announcement comes just a month after GM revealed that it would be building a family of premium electric pickups and SUVs at the Detroit-Hamtramck plant that was...
  14. Automotive Industry & GM News
    A major executive reshuffle is happening in the highest echelons of the General Motors empire, as President Mark Reuss expands his role. Named president in January of this year, Reuss will now oversee all of the company's operating regions, including both of the Americas, China, and...
  15. Automotive Industry & GM News
    The latest news from the GM-UAW negotiating table is good: the two sides may have finally reached a contract deal. According to Reuters, sources briefed on the negotiations said that a tentative contract agreement could be announced tomorrow, which would ultimately signify that an end to the...
  16. Automotive Industry & GM News
    Now in its fifth week, the strike by UAW-affiliated workers that darkened General Motors plants across the continent and reportedly cost the company $2 billion may soon achieve results. Late Monday night, numerous media outlets reported that local union leaders were being called to Detroit for...
  17. Automotive Industry & GM News
    General Motors CEO Mary Barra will meet with U.S. President Donald Trump and White House officials on Thursday to discuss the state of the automotive industry, trade issues, and the fuel economy rollback. We imagine it'll go much differently than their first meeting in Washington. Perpetually...
  18. Automotive Industry & GM News
    GM has just reported second-quarter earnings. And thanks to pickup sales and cost cuttings, net income was up 1.6 percent. That's a net income of $2.4 billion on revenues of $36.1 billion. Those revenues, though, were down 1.9 percent and earnings before interest and taxes were down 5.6 percent...
  19. Automotive Industry & GM News
    The National Corvette Museum has taken to Facebook to warn us that a major announcement regarding production at its neighbor (the Bowling Green Assembly plant) will take place later today. Although the content of the announcement is unclear at this time, the location and Mary Barra's attendance...
  20. Automotive Industry & GM News
    General Motors' restructuring plan has placed it under heavy fire. As it turns out, domestic job cuts and factory closings aren't all that popular on Capitol Hill or in middle America, especially when a company appears financially healthy. Go figure. Hoping to mitigate the social damage that's...
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