Detroit Bureau on Twitter

Posts Tagged ‘GM’s Mary Barra’

GM’s Barra Takes Seat on Disney Board

CEO adds to list of board seats.

by on Aug.28, 2017

GM Chairman and CEO Mary Barra is joining the board of directors at The Walt Disney Co.

General Motors Chairman and Chief Executive Officer Mary Barra has agreed to serve as a member of the board of directors of the Walt Disney Co.

“Beyond being an incredibly respected leader of a major U.S. company, Mary is recognized as an agent of change with a relentless focus on quality, safety and, most importantly, consumers,” said Robert A. Iger, chairman and chief executive officer, The Walt Disney Co.

We'll Keep You in the Know!

“Her ability to adapt to a changing technological and consumer-focused landscape makes her uniquely suited for the Disney Board.” (more…)

Barra Squelches Speculation Over Trump Administration Post

GM Chairman says she’s “150% committed” to automaker.

by on Apr.28, 2017

GM CEO Mary Barra, who serves on an industry forum advising Trump, said she is "150% committed" to GM.

General Motors Chief Executive Officer Mary Barra flatly rejected the idea that she might be preparing to accept a job in the administration of President Donald Trump.

Barra said during a conference call with analysts and journalists following the release of GM’s first quarter financial that she was “150 % committed” to her job at the auto giant where she has worked for the past 37 years, including the past three as CEO.

News Now!

“I am 150% committed to this company,” she said, adding that personally she finds it to be an incredibly exciting time to be working at GM during a period when the auto industry is on the verge of a technological revolution. (more…)

GM May Trim Other Operations, Barra Says

Barra notes two other groups not meeting GM profitability targets.

by on Mar.07, 2017

GM Chairman and CEO Mary Barra suggested that the company may not be done shedding unprofitable units.

General Motors’ top executive has left the door open to the possibility of selling off other pieces of its international operations.

Mary Barra, GM’s chairman and chief executive officer, did not offer any specifics or confirm any discussions were underway.

Financial News!

However, in separate conference calls with reporters and analysts that followed the official announcement of GM’s plans to sell Opel/Vauxhall to the PSA Group for $2.5 billion, she indicated she would not rule out such a development. (more…)

GM Discussing Fate of Canadian Plant

CEO Barra talks to union about Oshawa, examines plant plans.

by on Jun.10, 2016

GM's plant in Oshawa, Ontario, is slated to close in 2017. However, CEO Mary Barra is talking with the union about it.

General Motors is open to discussing the fate of the company’s assembly plant in Oshawa, Ontario, with the Canadian Auto Workers during the upcoming contract negotiations this summer.

Even as it pours more investment in GM plants in Mexico, the company’s current product plans call for leaving the Oshawa plant vacant by the end of 2017.

Get a Free Subscription!

However, Mary Barra, GM chairman and chief executive, told reporters in Detroit prior to the company’s annual meeting that GM had what she described as “constructive” discussion with Unifor, the union that represents Canadian autoworkers employed by GM. (more…)

GM Reports $9.7 Billion Profit for 2015

Sales in North America and China lead maker to profitability.

by on Feb.03, 2016

GM Chairman and CEO Mary Barra said the company was positioned for long-term success.

Despite continuing losses in Europe and South America, General Motors posted a record profit of $9.7 billion, or $5.91 per share, for 2015 with much of that coming on a $6.3 billion, or $3.92 per share, fourth quarter.

Earnings per share adjusted for special items during the fourth quarter was $1.39, up 17% compared to $1.19 per share for the fourth quarter of 2014. GM had earned  $1.1 billion, or 66 cents per share during the fourth quarter of 2014.

News Now!

“It was a strong year on many fronts, capped with record sales and earnings, and a substantial return of capital to our shareholders,” said Chairman and CEO Mary Barra. (more…)

General Motors Poised for Profitability

Executives claim maker ready to earn big money.

by on Oct.02, 2015

GM executives Mary Barra and Mark Reuss announced the automaker is poised for double-digit earnings growth during the next several years.

General Motors is poised to post hefty profits over the next several years, GM executives said as they outlined their future plans during the company’s annual Global Business Conference at the company’s Milford Proving Ground

“We expect double-digit earnings per share growth for the next number of years,” GM Chief Financial Officer Chuck Stevens said during his afternoon presentation.

Take Stock!

“Let me repeat that,” he added for emphasis. (more…)

UAW Makes Note of GM’s Improved Profitability

Union looking for its share of the money during talks.

by on Jul.24, 2015

Everyone was all smiles at the opening of talks, UAW's Cindy Estrada noted GM's better-than-expected Q2 profits: a reminder the union is looking for raises.

Ever since General Motors went bankrupt in 2009, GM and the United Auto Workers have made a concerted effort to make nice.

The company and the union have put aside the years of antagonistic relations and built a new relationship. GM Chief Executive Mary Barra, whose father was a union member for years, has clearly stated that she values good relations with the UAW.

Union News!

Cathy Clegg, GM’s vice president of labor relations, has credited the union with helping to boost the quality of GM’s vehicles and the company has made several announcements during the winter and spring that highlighted the company’s commitment to investing in American jobs and American workers. (more…)

GM Hires Bankers to Fortify “No Merger” Message

Marchionne keeps pressure on by stoking stockholders.

by on Jun.19, 2015

GM CEO Mary Barra has repeatedly said a merger with FCA doesn't make sense; however, GM's hired bankers to help reinforce the point.

Facing continuing pressure from Fiat Chrysler Automobiles Chief Executive Sergio Marchionne, General Motors hired investment bankers to help build its case that a merger of the two carmakers could not work.

GM is being advised by Goldman Sachs, while FCA is working with UBS on the matter, according to Reuters.

The Last Word!

Mary Barra, GM’s CEO, bluntly told reporters and shareholders at the GM annual meeting earlier this month that the automaker’s board rebuffed a merger after a careful review of the proposal. (more…)

Barra Says GM Merger with FCA Unnecessary

CEO says company’s focused on shareholder returns.

by on Jun.09, 2015

General Motors CEO Mary Barra addresses the gathering during the 2015 annual meeting in Detroit.

No dice.

Those two words may best summarize General Motors response to Sergio Marchionne’s ongoing merger proposals, even as the Fiat Chrysler chief executive officer moves to enlist outside investors to support the proposed tie up between the two auto giants.

Subscribe for Free!

Mary Barra, GM’s chief executive officer, confirmed publicly for the first time during GM’s annual shareholder meeting today that GM had received an email for Marchionne in which he proposed a merger. (more…)

Barra Says Low Gas Prices Won’t Change GM Plans

Automaker continues to learn lessons from recalls.

by on Jan.15, 2015

GM CEO Mary Barra told Keith Crain, Automotive News editor-in-chief, that the automaker's plans haven't changed with the drop in gas prices.

The big drop in oil prices isn’t prompting General Motors to change its plans or strategy, GM Chief Executive Officer Mary Barra said this week.

Barra was asked about the drop in oil and gasoline prices, which are down 55% in the past six months, during a discussion at the Automotive News World Congress with Keith Crain, the publication’s editor-in-chief.

Stay on Top of the News!

“I can tell you this. It hasn’t changed our plans one bit. I think everyone is a little perplexed. I don’t know what it’s going to be,” Barra said in reply to the question by Crain. Barra also admitted the recall crisis made her first years as GM’s top executive very difficult. “We’ve learned a lot,” she said. (more…)