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Former Apple, Ford Exec Joins GM's Cruise As Safety Head To Steer It Out Of Troubled Waters
Tuesday, February 13, 2024 - 2:57am | 599General Motors Co.’s (NYSE:GM) troubled autonomous vehicle subsidiary, Cruise, has appointed former Ford Motor Co. executive Steve Kenner as its new Chief Safety Officer in a bid to reinforce its commitment to safety and accountability. What Happened: Cruise...
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Elon Musk Reacts To GM CEO Marry Barra's Presence On Disney Board Amid Festering Dispute With Mouse House: 'Small World'
Friday, February 9, 2024 - 1:36am | 556Tesla Inc CEO Elon Musk on Thursday responded to the presence of rival automaker General Motors Co‘s CEO Mary Barra on the board of The Walt Disney Co. What Happened: “Small world,” Musk wrote on X. He was responding to an X user who noted that Barra was also a Director on Disney...
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GM Chief Mary Barra Rewrites Roadmap: Plug-In Hybrids To Deliver Green Goals As EV Growth Slows
Friday, February 2, 2024 - 7:44am | 414General Motors Co (NYSE:GM) CEO Mary Barra revealed during the company’s 2023 earnings call that it intends to incorporate plug-in hybrid technology to select vehicles in North America despite its vision to stop selling combustion-engine light-duty vehicles by 2035. What Happened: Barra on...
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Mary Barra Says GM Plans To Scale EV Production With 100K Reservations In Place For Electric Pickups: 'We Will Follow The Customer'
Friday, February 2, 2024 - 1:11am | 444General Motors Co (NYSE:GM) CEO Mary Barra said on Tuesday that the company has 100,000 reservations in place for its electric pickups, indicating strong interest. What Happened: During the company’s fourth-quarter earnings call on Tuesday, Barra said that the company expects its U.S....
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GM CEO Mary Barra Says 2024 Is The Year To 'Really Execute' And Grow EV Business
Wednesday, January 31, 2024 - 12:11pm | 442General Motors Company (NYSE:GM) reported better-than-expected fourth-quarter financial results on Tuesday and revealed that EV profitability is one of the company's top priorities in 2024. GM CEO Mary Barra joined CNBC's "Squawk on the Street" following the print and talked company strategy as GM...
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Does GM Make Barbie's Pink Corvette? CEO Mary Barra Clears The Air, Picks Her Favorite EVs Right Now
Tuesday, December 19, 2023 - 6:32am | 435General Motors Co (NYSE:GM) isn’t in the business of producing those iconic pink Corvettes made famous by Greta Gerwig‘s “Barbie” movie, as clarified by CEO Mary Barra in a recent interview. What Happened: Setting the record straight in an interview...
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GM CEO Mary Barra Admits Tesla Deserves 'Lot Of Credit' For Helping EV Market But Expects Dynamics To Change
Friday, December 15, 2023 - 2:27am | 508General Motors Co (NYSE:GM) CEO Mary Barra on Wednesday said that all cars will be emissions free in 25 years but the current dynamics where Tesla Inc (NASDAQ:TSLA) is dominating sales will change. What Happened: Barra sees vehicles being either electric or hydrogen fuel cells 25 years down the...
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GM CEO Mary Barra Says 2023 Challenges Were Just 'Bumps In The Road,' Automaker Confident In All Aspects Of Future Business
Wednesday, November 29, 2023 - 12:34pm | 561General Motors Co (NASDAQ: GM) is in the spotlight Wednesday after the company reinstated guidance and announced an accelerated buyback. CEO Mary Barra says the challenges GM faced in 2023 are now behind the company. What Happened: GM reinstated guidance Wednesday morning after ...
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Why GM Stock Is Surging Over 5% In Premarket Today
Wednesday, November 29, 2023 - 7:52am | 335Shares of legacy automaker General Motors Corp. (NYSE:GM) rose sharply in premarket trading on Wednesday. The strong gains came after the Detroit-based automaker reinstated its full-year 2023 earnings guidance. The company had withdrawn the previously issued guidance in the third quarter, citing...
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UAW Strike Impact? General Motors Not Spending On Super Bowl Commercials
Tuesday, November 21, 2023 - 4:35pm | 822A strike by UAW union workers against three leading automotive companies could have a lasting impact on the future revenue and profitability of the companies involved. One of the three companies targeted with strikes has announced a move that could be an early cost-cutting measure. What Happened:...
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GM Hits Another Speed Bump: Autonomous Van Project Cruise Origin Suspended Amid Safety Concerns
Tuesday, November 7, 2023 - 1:45am | 583Cruise parent General Motors Co (NYSE:GM) has reportedly decided to suspend the production of its autonomous van called the Origin in light of recent safety concerns and subsequent pause on driverless operations across all Cruise fleets. What Happened: Cruise CEO Kyle Vogt held a meeting on Monday...
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GM's Plan To Make Sub-$30K EVs With Honda Is Not Happening Anymore
Wednesday, October 25, 2023 - 6:46am | 627Japanese automaker Honda Motor Co (NYSE:HMC) is reportedly scrapping its plans to develop affordable electric vehicles with Detroit-based General Motors Co (NYSE:GM). What Happened: Honda is not moving forward with its plans to produce budget-friendly EVs in conjunction with General Motors,...
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GM's Chief Mary Barra Has Huge Vision For Cruise Despite Mounting Losses, Regulatory Bumps: 'People Will See...
Wednesday, October 25, 2023 - 1:37am | 467General Motors Co.’s (NYSE:GM) autonomous driving unit, Cruise, experienced increased losses and a lack of revenue in the last quarter, coupled with a suspension from San Francisco’s roads. Nonetheless, management remains unfazed. What Happened: In the last quarter,...
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Tesla Bull Shrugs Off Current Phase As 'Pause Into Next Phase Of Growth Story,' Calls UAW Strike A 'Win-Win' For EV Maker
Wednesday, October 4, 2023 - 3:19am | 884Tesla, Inc. (NASDAQ:TSLA) shares have been trading in a range since the pullback that followed the release of the electric vehicle maker’s second-quarter results on July 19. Bullish analyst Dan Ives, however, isn’t losing sleep over the current lackluster phase. UAW Strike Win-Win For...
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Elon Musk Weighs In On CEO Pay Again — Now, Takes Aim At GM's Mary Barra's Salary
Saturday, September 23, 2023 - 2:45am | 686Just under a month after warning against Lucid Group Inc. (NASDAQ:LCID) CEO Peter Rawlinson's salary, Elon Musk weighed in on General Motors Co. (NYSE:GM) CEO Mary Barra's pay on Friday. What Happened: Musk wrote on X, formerly Twitter, “Corporate compensation should be proportionate to...