General Motors CEO Mary Barra says she's still bullish on her company's prospects amid challenges with EVs and issues with the company's China operations.
General Motors Co. CEO Mary Barra said Wednesday she remains bullish on the automaker’s prospects despite slowing growth in electric vehicle demand and financial problems in China .
“How do we stay agile and be ahead of the changes and be as proactive as we can, to make the business fit and continue to deliver?” She said GM is adjusting “to whatever the changes will be because I think that’s going to keep happening.”it will sell its stake in an almost completed Lansing, Michigan, battery plant to its joint venture partner LG Energy Solution. Terms were not disclosed while the automaker said it expects to recoup its investment at Lansing.
At the same time, the GM chief said remains committed to EVs. “We honestly believe EVs are better,” she said. The number of available chargers remains an issue, she added. “We can’t get ahead of the consumer.”that it was writing down the value of joint ventures it has in China. The company said it will take a non-cash restructuring charge for 2024’s fourth quarter of more than $5 billion.
GM brands such as Cadillac and Buick “can be profitable in China,” Barra added. “We’re still looking at a meaningful presence.”it’s ending the subsidiary’s stand-alone efforts and will combine it with in-house efforts to develop autonomous driving technologies for personal vehicles.
Mary Barra Electric Vehicles China Elon Musk Tesla
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why GM CEO Mary Barra Is Our 2024 Person Of The YearCEO Mary Barra has been named the Person of the Year in InsideEVs' inaugural Breakthrough Awards after GM's impressive electric turnaround.
Read more »
Netflix's Mary Cast & Character GuideMary and Joseph in Mary
Read more »
Motorsports Pioneer Mary McGee Dies; Short Film 'Motorcycle Mary' Released PosthumouslyMary McGee, a legendary figure in motorsports, died on Wednesday at the age of 94. Her story is highlighted in a short documentary called 'Motorcycle Mary', directed by Haley Watson and produced by Hamilton, which premiered at the Tribeca Festival and was released on ESPN’s YouTube channel on Thursday.
Read more »
'Mary' Trailer Reveals Netflix's Biblical Coming-of-Age EpicNoa Cohen as Mary holding a baby and running from a fire in Mary
Read more »
New Documentary, 'Motorcycle Mary,' Showcases the Life of Racer Mary McGeeMcGee raced Porsches and Ferraris, went off-roading with Steve McQueen, and ran the Baja 500 solo.
Read more »
'Mary' Review: Netflix's Take on the Mother of Jesus Is a Missed OpportunityNoa Cohen as Mary holding a baby and running from a fire in Mary
Read more »