Mary Barra

Although consumer demand for EVs hasn't shown up in the way executives had expected, sales of the vehicles are still predicted to increase in the years to come.Andrew Merry | Moment | Getty ImagesDETROIT — The buzz around electric vehicles is wearing off.For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted valuations for legacy automakers and startup entrants alike,…

However, GM's Barra asserted on Tuesday that "we had already demonstrated and validated externally that Cruise technology is already safer than a human driver."General Motors' Cruise self-driving car unit faces a trip that could last the better part of this year to convince regulators and a wary public that its robotaxis are fit to share the road with human drivers, industry officials said. After releasing a withering safety report last week that Cruise commissioned, GM…

General Motors reveals the new 2016 Chevrolet Volt to the media at the 2015 North American International Auto Show on January 12, 2015 in Detroit, Michigan.Getty ImagesDETROIT – General Motors is changing its product lineup strategy to include plug-in hybrid electric vehicles, CEO Mary Barra told investors Tuesday.Barra did not disclose specific details of the plans other than that PHEVs, which include an internal combustion engine along with battery technologies, will be rolled out on "select vehicles" in North America…

Chevrolet Cruise autonomous vehicles sit parked in a lot on June 08, 2023 in San Francisco, California.Justin Sullivan | Getty Images News | Getty ImagesCulture issues, ineptitude and poor leadership at General Motors' Cruise autonomous vehicle unit were at the center of regulatory oversights and coverup concerns that have plagued the company since October, according to the findings of a third-party probe.The report addresses, in part, controversy that has swirled around Cruise since an Oct. 2 accident in which a…

Mary Barra, CEO of General Motors, at the New York Stock Exchange, Nov. 17, 2022.Source: NYSEDETROIT — Monday marks 10 years of Mary Barra's tenure as CEO of General Motors, ushering in a crucial year for the Detroit automaker and for her legacy.Over the past decade, Barra has been a dynamic executive, guiding the company through high-profile crises as the first female leader of a major automaker. Under her stewardship, GM has seen record profits, cultural changes and major achievements, including beating Wall Street…

Dec. 15, 2023 11:00 pm ETListen to article(2 minutes)At a 2018 meeting with a senior General Motors team, Chief Executive Mary Barrastunned the room with a sharp U-turn. She killed plans for a new high-end Cadillac that already had gushing reviews from the automotive press. Her reason: the car’s gas-guzzling V-8 engine. Barra, deep into her quest to turn GM into an electric-car powerhouse, decided it would send the wrong message to showcase another splashy Cadillac—the GM brand known for innovation—that leans on…

DETROIT — General Motors' plans to diversify its business through trendy industries such as ridesharing and other "mobility" ventures or startups have largely fallen flat since the automaker started investing in such growth areas in 2016.Cruise, its majority-owned autonomous vehicle subsidiary, is increasingly looking like it might be next.The unit has quickly gone from one of GM's greatest business opportunities to a growing liability. Cruise, of which GM owns more than 80%, has confronted a wave of problems and…

GM sounds like it’s not going to budge regarding its decision to replace Apple CarPlay and Android Auto with its in-house infotainment system on its future electric vehicles. The only difference is that it’s making it about safety this time.Around eight months ago, as reported by Reuters, GM decided it would replace Apple CarPlay and Android Auto with its own built-in infotainment system that will be developed in collaboration with Google. It chose the 2024 Chevrolet Blazer as the flagship car for its new system. The…

In the aftermath of last week’s shocking OpenAI power struggle, there was one final revelation that acted as a kind of epilogue to the sprawling mess: a report from Reuters that revealed a supposedly startling breakthrough at the startup. That breakthrough allegedly happened via a little known program dubbed “Q-Star” or “Q*.” “Even AI Rappers are Harassed by Police” | AI UnlockedAccording to the report, one of the things that may have kicked off the internecine conflict at the influential AI company was this Q-related…

That includes an estimated USD 1.1 billion EBIT-adjusted impact from the United Auto Workers union strike, which lasted just over six weeks, primarily from lost production.General Motors said on Wednesday it will buy back USD 10 billion in shares and boost its dividend by 33%, even as it cuts spending at its troubled robotaxi unit Cruise and lowered profit expectations following the lengthy auto workers' strike.The company's new guidance reduced expected net income…