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.
“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…)