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Found 12 results

  1. General Motors' upcoming restructuring plan where more than 10,000 jobs will be cut and five factories losing products has caused many politicians to become very upset. Yesterday, CEO Mary Barra traveled to Capitol Hill to try an mitigate the social damage by this announcement. Those expecting Barra to backpedal or balk under pressure from various lawmakers on moving production of certain vehicles out of Mexico to plants in the U.S. would come away disappointed. “I want to make sure that the workforce knows that there are limitations and we do have an overcapacity across the country. I understand this is something that impacts the country and I understand that there is a lot of emotion and concern about it,” Barra told reporters in a press conference after meeting Senators Sherrod Brown (Democrat) and Rob Portman (Republican) of Ohio. The two senators have been critical about the plan and pushed Barra in their meeting to get a new product in Lordstown, whether that be one of the 20 new EVs GM is planning or move production of the Chevrolet Blazer from Mexico. “GM says it expects to build 20 new EVs in next five years. We want one or more of those vehicles to be built in Lordstown, Ohio. That’s where it belongs,” said Portman. Barra said during the meeting she'll "keep an open mind but she doesn't want to raise expectations." Speaking to Reuters, Barra said it would “very costly” to shift production from Mexico of the Chevrolet Blazer that will begin shortly. But she did mention "GM planned to add other products at U.S. plants next year." Whether that includes Lordstown or not remains to be seen as negotiations with the UAW kick off next year. President Donald Trump has been very critical of this plan, saying he could eliminate federal subsidies on electric cars - something that would hurt other automakers more than GM as it's close to 200,000 mark where the $7,500 subsidy begins to fade. When asked about this, Barra gave an indirect answer. “I understand this is something that impacts the country and I understand that there is a lot of emotion and concern about it,” said Barra. She continued by saying GM wanted to “do the right thing for our employees but also make sure General Motors is strong and lean in the future.” Source: Automotive News (Subscription Required), Detroit Free Press, Reuters GM Statement: Chairman and CEO Mary Barra on meetings with members of Congress from Ohio and Maryland “I had very constructive meetings with members of Congress from Ohio and Maryland. I share their concerns about the impact the actions we announced last week will have on our employees, their families and the communities. These were very difficult decisions -- decisions I take very personally. I informed the members that many hourly employees at the impacted U.S. plants will have the opportunity to work at other U.S. GM plants and that we are committed to working with them to minimize the impact on the communities. I also informed them that all salaried GM workers impacted by these actions are being offered outplacement services to help them transition to new jobs.” View full article
  2. William Maley

    Ms. Barra Goes to Washington

    General Motors' upcoming restructuring plan where more than 10,000 jobs will be cut and five factories losing products has caused many politicians to become very upset. Yesterday, CEO Mary Barra traveled to Capitol Hill to try an mitigate the social damage by this announcement. Those expecting Barra to backpedal or balk under pressure from various lawmakers on moving production of certain vehicles out of Mexico to plants in the U.S. would come away disappointed. “I want to make sure that the workforce knows that there are limitations and we do have an overcapacity across the country. I understand this is something that impacts the country and I understand that there is a lot of emotion and concern about it,” Barra told reporters in a press conference after meeting Senators Sherrod Brown (Democrat) and Rob Portman (Republican) of Ohio. The two senators have been critical about the plan and pushed Barra in their meeting to get a new product in Lordstown, whether that be one of the 20 new EVs GM is planning or move production of the Chevrolet Blazer from Mexico. “GM says it expects to build 20 new EVs in next five years. We want one or more of those vehicles to be built in Lordstown, Ohio. That’s where it belongs,” said Portman. Barra said during the meeting she'll "keep an open mind but she doesn't want to raise expectations." Speaking to Reuters, Barra said it would “very costly” to shift production from Mexico of the Chevrolet Blazer that will begin shortly. But she did mention "GM planned to add other products at U.S. plants next year." Whether that includes Lordstown or not remains to be seen as negotiations with the UAW kick off next year. President Donald Trump has been very critical of this plan, saying he could eliminate federal subsidies on electric cars - something that would hurt other automakers more than GM as it's close to 200,000 mark where the $7,500 subsidy begins to fade. When asked about this, Barra gave an indirect answer. “I understand this is something that impacts the country and I understand that there is a lot of emotion and concern about it,” said Barra. She continued by saying GM wanted to “do the right thing for our employees but also make sure General Motors is strong and lean in the future.” Source: Automotive News (Subscription Required), Detroit Free Press, Reuters GM Statement: Chairman and CEO Mary Barra on meetings with members of Congress from Ohio and Maryland “I had very constructive meetings with members of Congress from Ohio and Maryland. I share their concerns about the impact the actions we announced last week will have on our employees, their families and the communities. These were very difficult decisions -- decisions I take very personally. I informed the members that many hourly employees at the impacted U.S. plants will have the opportunity to work at other U.S. GM plants and that we are committed to working with them to minimize the impact on the communities. I also informed them that all salaried GM workers impacted by these actions are being offered outplacement services to help them transition to new jobs.”
  3. G. David Felt - Staff Writer Alternative Energy - www.cheersandgears.com GM CEO Mary Barra states BOLT will be platform for complete series of EVs! This is exciting to see in this interview that Road/Show posted with GM CEO Mary Barra who was excited to talk about the BOLT and was asked about a Hybrid or EV Camero and she says anything is possible. This was based on the interviewer asking her thoughts about the Hybrid announcement by FORD of the mustang. They also talked about Hybrid trucks in California and Fords announcements of other EV's and Hybrids. Much more on Crossovers / SUVs etc. They also talk about Cadillac subscription service. Pretty good interview only 4:46 min long. Currently driving an XT5. Road/Show chat with GM CEO Mary Barra
  4. General Motors announced today that by a unanimous vote by the board, current CEO Mary Barra will become the next chairman of the board. She is the first woman to hold this position, much as she was the first woman CEO of the Detroit automakers. The appointment was announced yesterday and Barra will continue to be CEO. “I am honored to serve as Chair of the Board of Directors. With the support of our Board, we will continue to drive shareholder value by improving our core business and leading in the transformation of personal mobility.” Barra said in a statement. Barra's predecessor, Tim Solso will stay on the board as the lead independent director. “At a time of unprecedented industry change, the Board concluded it is in the best interests of the company to combine the roles of Chair and CEO in order to drive the most efficient execution of our plan and vision for the future. With GM consistently delivering on its targets and on track to generate significant value for its shareholders, this is the right time for Mary to assume this role,” Solso said about Barra in a statement. Source: General Motors Press Release is on Page 2 Barra Named Chairman of GM Board of Directors, Solso to Stay on as Lead Independent Director DETROIT – The General Motors Board of Directors today announced it has unanimously elected Mary Barra as its next Chairman, effective immediately. She succeeds Theodore (Tim) Solso, who will continue serving as the Board’s Lead Independent Director. Barra has served as GM CEO since Jan. 15, 2014. “At a time of unprecedented industry change, the Board concluded it is in the best interests of the company to combine the roles of Chair and CEO in order to drive the most efficient execution of our plan and vision for the future,” said Solso. “With GM consistently delivering on its targets and on track to generate significant value for its shareholders, this is the right time for Mary to assume this role.” Solso indicated Barra has set a clear vision for the organization over the past two years, formed a strong leadership team from inside and outside the company, delivered strong operating results and led the introduction of breakthrough vehicles and technologies. “The Board has improved the overall governance of the company over the past two years and as Lead Independent Director, I expect to continue to build on this solid foundation,” Solso said. “The Board also plans to broaden its active engagement with shareholders as we go forward.” Said Barra: “I am honored to serve as Chair of the Board of Directors. With the support of our Board, we will continue to drive shareholder value by improving our core business and leading in the transformation of personal mobility.” Prior to being named CEO in 2014, Barra served as executive vice president, Global Product Development, Purchasing & Supply Chain since August 2013, and as senior vice president, Global Product Development since February 2011. In these roles, she was responsible for the design, engineering, program management and quality of GM vehicles around the world. Previously, Barra served as GM vice president, Global Human Resources; vice president, Global Manufacturing Engineering; plant manager, Detroit Hamtramck Assembly; executive director of Competitive Operations Engineering; and in several engineering and staff positions. In 1990, Barra graduated with an MBA from the Stanford Graduate School of Business after receiving a GM fellowship in 1988. Barra began her career with GM in 1980 as a General Motors Institute (Kettering University) co-op student at the Pontiac Motor Division. She graduated with a bachelor’s degree in electrical engineering in 1985.
  5. General Motors announced today that by a unanimous vote by the board, current CEO Mary Barra will become the next chairman of the board. She is the first woman to hold this position, much as she was the first woman CEO of the Detroit automakers. The appointment was announced yesterday and Barra will continue to be CEO. “I am honored to serve as Chair of the Board of Directors. With the support of our Board, we will continue to drive shareholder value by improving our core business and leading in the transformation of personal mobility.” Barra said in a statement. Barra's predecessor, Tim Solso will stay on the board as the lead independent director. “At a time of unprecedented industry change, the Board concluded it is in the best interests of the company to combine the roles of Chair and CEO in order to drive the most efficient execution of our plan and vision for the future. With GM consistently delivering on its targets and on track to generate significant value for its shareholders, this is the right time for Mary to assume this role,” Solso said about Barra in a statement. Source: General Motors Press Release is on Page 2 Barra Named Chairman of GM Board of Directors, Solso to Stay on as Lead Independent Director DETROIT – The General Motors Board of Directors today announced it has unanimously elected Mary Barra as its next Chairman, effective immediately. She succeeds Theodore (Tim) Solso, who will continue serving as the Board’s Lead Independent Director. Barra has served as GM CEO since Jan. 15, 2014. “At a time of unprecedented industry change, the Board concluded it is in the best interests of the company to combine the roles of Chair and CEO in order to drive the most efficient execution of our plan and vision for the future,” said Solso. “With GM consistently delivering on its targets and on track to generate significant value for its shareholders, this is the right time for Mary to assume this role.” Solso indicated Barra has set a clear vision for the organization over the past two years, formed a strong leadership team from inside and outside the company, delivered strong operating results and led the introduction of breakthrough vehicles and technologies. “The Board has improved the overall governance of the company over the past two years and as Lead Independent Director, I expect to continue to build on this solid foundation,” Solso said. “The Board also plans to broaden its active engagement with shareholders as we go forward.” Said Barra: “I am honored to serve as Chair of the Board of Directors. With the support of our Board, we will continue to drive shareholder value by improving our core business and leading in the transformation of personal mobility.” Prior to being named CEO in 2014, Barra served as executive vice president, Global Product Development, Purchasing & Supply Chain since August 2013, and as senior vice president, Global Product Development since February 2011. In these roles, she was responsible for the design, engineering, program management and quality of GM vehicles around the world. Previously, Barra served as GM vice president, Global Human Resources; vice president, Global Manufacturing Engineering; plant manager, Detroit Hamtramck Assembly; executive director of Competitive Operations Engineering; and in several engineering and staff positions. In 1990, Barra graduated with an MBA from the Stanford Graduate School of Business after receiving a GM fellowship in 1988. Barra began her career with GM in 1980 as a General Motors Institute (Kettering University) co-op student at the Pontiac Motor Division. She graduated with a bachelor’s degree in electrical engineering in 1985. View full article
  6. Saw this posted tonight, Marry Barra kills the Rumors, even if FCA comes back with a new offer, it is NOT in the GM shareholders best interest to merge with FCA! http://fortune.com/2015/09/14/mary-barra-fiat-merger/?xid=yahoo_fortune&ref=yfp Guess Sergio needs to go snort some more drugs to think up another hair brain idea on how to save his Mess up company!
  7. Two weeks after becoming the CEO of General Motors, Mary Barra got blind sided with the news that a major safety problem, a faulty ignition switch in certain vehicles that could turn and cause the vehicle to stop with no warning had come to light. This switch was flagged years ago as being problematic but nothing aside from service bulletin was ever done. This problem was linked at the time to several crashes and 13 fatalities. When Barra testified to the House Committee on Energy and Commerce about the ignition switch, she said that she only knew about the issue in late January. But many questioned for someone who worked at the company for 34 years, why was she kept in the dark? How did she not know about this at all? "Mary has said it: The moment she became aware of the problem, as I would expect, she confronted it. She didn't know about it. I bet my life on it," said former GM CEO Dan Akerson in a interview with Forbes. This is the first time that Akerson has made any comment regarding ignition switch recall. No mention was made if Akerson knew anything about the recall during his tenure. Source: Forbes William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster. View full article
  8. Two weeks after becoming the CEO of General Motors, Mary Barra got blind sided with the news that a major safety problem, a faulty ignition switch in certain vehicles that could turn and cause the vehicle to stop with no warning had come to light. This switch was flagged years ago as being problematic but nothing aside from service bulletin was ever done. This problem was linked at the time to several crashes and 13 fatalities. When Barra testified to the House Committee on Energy and Commerce about the ignition switch, she said that she only knew about the issue in late January. But many questioned for someone who worked at the company for 34 years, why was she kept in the dark? How did she not know about this at all? "Mary has said it: The moment she became aware of the problem, as I would expect, she confronted it. She didn't know about it. I bet my life on it," said former GM CEO Dan Akerson in a interview with Forbes. This is the first time that Akerson has made any comment regarding ignition switch recall. No mention was made if Akerson knew anything about the recall during his tenure. Source: Forbes William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.
  9. The US House Energy and Commerce Committee announced late this week that they have scheduled a hearing on the General Motors Ignition Switch recall on April 1st. Testifying in the hearing will be GM CEO Mary Barra and National Highway Traffic Safety Administration head David Friedman. The hearing will look into the timing and response of GM and NHTSA over the problem and recall. "We look forward to hearing from both Mary Barra and Administrator Friedman. Their testimony is critical to understanding what the company and NHTSA knew about the safety problems, when they knew it, and what was done about it," said Energy and Commerce Committee Chairman Fred Upton (R-MI) and Oversight and Investigations Subcommittee Chairman Tim Murphy (R-PA) in a statement. Now the House Energy and Commerce Committee admits that the two people being called to testify didn't know about the problems till they came to their posts. Source: US House Energy and Commerce Committee Press Release is on Page 2 GM CEO Mary Barra and Lead Federal Vehicle Safety Official Expected to Testify April 1 March 20, 2014 WASHINGTON, DC – Bipartisan House Energy and Commerce Committee leaders today announced that General Motors Company CEO Mary Barra will testify at an Oversight and Investigations Subcommittee hearing on Tuesday, April 1, 2014, at 11:00 a.m. The committee has also invited National Highway Traffic Safety Administration Acting Administrator David Friedman to testify on the same day. "We look forward to hearing from both Mary Barra and Administrator Friedman. Their testimony is critical to understanding what the company and NHTSA knew about the safety problems, when they knew it, and what was done about it," said full committee Chairman Fred Upton (R-MI) and Oversight and Investigations Subcommittee Chairman Tim Murphy (R-PA). "The problems originated long before Barra and Friedman took the helms of their respective organizations, but their actions and input now, as our investigation proceeds, will be essential to getting answers about what went wrong. We want to know if this tragedy could have been prevented and what can be done to ensure the loss of life due to safety failures like this don't happen again." "I look forward to this hearing so we can find out from GM and NHTSA how this happened and why these dangerous vehicles were not fixed in a timely fashion," said full committee Ranking Member Henry A. Waxman (D-CA) and Oversight and Investigations Subcommittee Ranking Member Diana DeGette (D-CO). Additional hearing details, the Majority Memorandum, a witness list, and witness testimony will be available here as they are posted. BACKGROUND: The committee has opened a bipartisan investigation into the General Motors Company's (GM) and NHTSA's response to consumer complaints related to stalling, airbag non-deployment, and ignition switch problems. GM announced a recall in February covering over 1.6 million vehicles worldwide to correct the problems, but reports indicate drivers first complained of the safety defects over 10 years ago. The company has stated that the defects may have been linked to 31 frontal crashes and a dozen fatalities. Committee staff has now been briefed by both NHTSA and GM on the recalls, and currently awaits production of the documents and information requested last week. View full article
  10. William Maley

    Ms. Barra Goes To Washington

    The US House Energy and Commerce Committee announced late this week that they have scheduled a hearing on the General Motors Ignition Switch recall on April 1st. Testifying in the hearing will be GM CEO Mary Barra and National Highway Traffic Safety Administration head David Friedman. The hearing will look into the timing and response of GM and NHTSA over the problem and recall. "We look forward to hearing from both Mary Barra and Administrator Friedman. Their testimony is critical to understanding what the company and NHTSA knew about the safety problems, when they knew it, and what was done about it," said Energy and Commerce Committee Chairman Fred Upton (R-MI) and Oversight and Investigations Subcommittee Chairman Tim Murphy (R-PA) in a statement. Now the House Energy and Commerce Committee admits that the two people being called to testify didn't know about the problems till they came to their posts. Source: US House Energy and Commerce Committee Press Release is on Page 2 GM CEO Mary Barra and Lead Federal Vehicle Safety Official Expected to Testify April 1 March 20, 2014 WASHINGTON, DC – Bipartisan House Energy and Commerce Committee leaders today announced that General Motors Company CEO Mary Barra will testify at an Oversight and Investigations Subcommittee hearing on Tuesday, April 1, 2014, at 11:00 a.m. The committee has also invited National Highway Traffic Safety Administration Acting Administrator David Friedman to testify on the same day. "We look forward to hearing from both Mary Barra and Administrator Friedman. Their testimony is critical to understanding what the company and NHTSA knew about the safety problems, when they knew it, and what was done about it," said full committee Chairman Fred Upton (R-MI) and Oversight and Investigations Subcommittee Chairman Tim Murphy (R-PA). "The problems originated long before Barra and Friedman took the helms of their respective organizations, but their actions and input now, as our investigation proceeds, will be essential to getting answers about what went wrong. We want to know if this tragedy could have been prevented and what can be done to ensure the loss of life due to safety failures like this don't happen again." "I look forward to this hearing so we can find out from GM and NHTSA how this happened and why these dangerous vehicles were not fixed in a timely fashion," said full committee Ranking Member Henry A. Waxman (D-CA) and Oversight and Investigations Subcommittee Ranking Member Diana DeGette (D-CO). Additional hearing details, the Majority Memorandum, a witness list, and witness testimony will be available here as they are posted. BACKGROUND: The committee has opened a bipartisan investigation into the General Motors Company's (GM) and NHTSA's response to consumer complaints related to stalling, airbag non-deployment, and ignition switch problems. GM announced a recall in February covering over 1.6 million vehicles worldwide to correct the problems, but reports indicate drivers first complained of the safety defects over 10 years ago. The company has stated that the defects may have been linked to 31 frontal crashes and a dozen fatalities. Committee staff has now been briefed by both NHTSA and GM on the recalls, and currently awaits production of the documents and information requested last week.
  11. William Maley Staff Writer - CheersandGears.com December 10, 2013 January 15, 2014 will be an important day at General Motors. Current CEO Dan Akerson will retire and Mary Barra, the executive vice president for global product development, purchasing, and supply chain will become the company's CEO. This announcement just comes a day after the U.S. Treasury said it had sold all of its shares in GM. Akerson planned to stepped down from the automaker sometime in 2014, but pulled ahead his succession plan after finding out his wife was diagnosed with an advanced stage of cancer. “I will leave with great satisfaction in what we have accomplished, great optimism over what is ahead and great pride that we are restoring General Motors as America’s standard bearer in the global auto industry,” Akerson said in a statement. Barra was one of the people in the running to become the next CEO at GM, Other people in consideration were Vice Chairman Steve Girsky, Chief Financial Officer Dan Ammann, and North American President Mark Reuss. Many people who keep a close eye on the automotive industry throught Reuss would be the one. Barra has been with GM since 1980 and has held a number of positions during that time including executive director of competitive operations engineering, plant manager at GM's Detroit-Hamtramck Assembly, and vice president of global manufacturing engineering. “With an amazing portfolio of cars and trucks and the strongest financial performance in our recent history, this is an exciting time at today’s GM. I’m honored to lead the best team in the business and to keep our momentum at full speed,” said Barra. Along with the appointment of Barra to CEO, General Motors has also made a few other changes to the executive lineup. Dan Ammann, Executive Vice President and Chief Financial Officer has been named company president. His responsibilities include managing the company’s regional operations around the world. Mark Reuss, Executive Vice President and North American President will take Mary Barra's former position of Executive Vice President, Global Product Development, Purchasing and Supply Chain. Alan Batey, Senior Vice President of Global Chevrolet and U.S. Sales and Marketing will become the new North American President. Steve Girsky, Vice Chairman for Corporate Strategy, Business Development and Global Product Planning will move into a senior advisor role before stepping down from GM next April. He will remain apart of GM's Board of Directors. Source: General Motors, The Detroit News William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.comor you can follow him on twitter at @realmudmonster. Press Release is on Page 2 Dan Akerson to Retire as GM CEO in January 2014 Mary Barra to Become Next CEO; Dan Ammann Named President DETROIT – General Motors today announced that Dan Akerson, who guided today’s GM to record profits and dramatic improvement in vehicle quality while closing the chapter on government ownership in the company, will step down as chairman and CEO on Jan. 15, 2014. Mary Barra, 51, executive vice president, Global Product Development, Purchasing and Supply Chain, was elected by the Board of Directors to become the next CEO of the company. Barra will also join the GM Board. Akerson, 65, pulled ahead his succession plan by several months after his wife was recently diagnosed with an advanced stage of cancer. The Board also named Theodore (Tim) Solso to succeed Akerson as Chairman. Solso, 66, is the former chairman and CEO of Cummins, Inc., and has been a member of the GM Board since June 2012. “I will leave with great satisfaction in what we have accomplished, great optimism over what is ahead and great pride that we are restoring General Motors as America’s standard bearer in the global auto industry,” Akerson said in a message to employees. With 33 years of experience at GM, Barra has risen through a series of manufacturing, engineering, and senior staff positions. She is a leader in the company’s ongoing turnaround, revitalizing GM’s product development process resulting in the launch of critically acclaimed new products while delivering record product quality ratings and higher customer satisfaction. “With an amazing portfolio of cars and trucks and the strongest financial performance in our recent history, this is an exciting time at today’s GM,” said Barra. “I’m honored to lead the best team in the business and to keep our momentum at full speed.” Dan Ammann, 41, executive vice president and chief financial officer, was named company president and will assume responsibility for managing the company’s regional operations around the world. The global Chevrolet and Cadillac brand organizations and GM Financial will also report to Ammann. Ammann joined GM in 2010 where his first assignment was to manage GM’s initial public offering. As CFO, he has led a transformation of GM’s finance operations into a world-class organization. He also led the strategy to rebuild the company’s captive finance capability through the successful establishment and growth of GM Financial. “We have a significant opportunity to further integrate and optimize our operations to deliver even better results,” said Ammann. “While we have made good progress, we still have much work ahead of us to realize GM’s full potential.” Ammann will retain CFO responsibilities at least through the release of the company’s fourth quarter and full-year 2013 results in early February 2014. His replacement as CFO will be named later. Mark Reuss, 50, executive vice president and president, North America, will replace Barra as executive vice president, Global Product Development, Purchasing and Supply Chain. Under Reuss’ watch, GM’s North America region has produced consistent profits and improved margins during a product renaissance that includes the launch of award-winning cars and trucks such as the Cadillac ATS, Chevrolet Corvette, Impala and Silverado pickup. “The driver’s seat of designing and engineering the strongest product line up in GM’s history is the best seat to have,” said Reuss. “We’re going to keep the pedal down on GM’s product resurgence and keep winning new customers.” Alan Batey, currently senior vice president, Global Chevrolet and U.S. Sales and Marketing, will replace Reuss and is named Executive Vice President and President, North America. Batey, 50, joined GM’s Vauxhall operation in 1979 and held several sales, service and marketing positions around the world. In his current position, he has developed the Chevrolet brand’s Find New Roads advertising campaign and has overseen a sweeping upgrade of retail sales and service operations at hundreds of U.S. dealerships. “North America is the foundation of the GM turnaround story and I’m honored to help continue what Mark started,” said Batey. “We remain committed to delivering the world’s best retail experience to match the world’s best cars and trucks.” The company also announced that Steve Girsky, 51, vice chairman, Corporate Strategy, Business Development and Global Product Planning, will move to a senior advisor role until leaving the company in April 2014. He will remain on the GM Board of Directors. Girsky led GM’s turnaround plan for Europe that has put that region’s operations back on a path to profitability. He has also put GM’s OnStar unit at the forefront of in-vehicle connectivity and helped create GM Ventures to speed the commercialization of new technologies in GM vehicles. “I share Dan’s pride for what the company has accomplished and his sense of optimism for a bright future,” said Girsky. “This team is united in its commitment to building on the foundation that we have established.” Under Akerson’s leadership, GM made swift progress as the company transformed from being majority owned by U.S. Treasury to being publicly traded and investment grade rated. “My goals as CEO were to put the customer at the center of every decision we make, to position GM for long term success and to make GM a company that America can be proud of again,” Akerson said. “We are well down that path, and I’m certain that our new team will keep us moving in that direction.” Akerson was named GM Chairman and CEO on September 1, 2010. He joined GM in 2009 as a member of its Board of Directors. Since the company’s November 2010 Initial Public Offering, GM has recorded 15 consecutive quarters of profitability, has earned this year the best overall initial vehicle quality scores of any auto manufacturer, and has re-invested nearly $9 billion and created or retained more than 25,000 jobs at its U.S plants. View full article
  12. William Maley Staff Writer - CheersandGears.com December 10, 2013 January 15, 2014 will be an important day at General Motors. Current CEO Dan Akerson will retire and Mary Barra, the executive vice president for global product development, purchasing, and supply chain will become the company's CEO. This announcement just comes a day after the U.S. Treasury said it had sold all of its shares in GM. Akerson planned to stepped down from the automaker sometime in 2014, but pulled ahead his succession plan after finding out his wife was diagnosed with an advanced stage of cancer. “I will leave with great satisfaction in what we have accomplished, great optimism over what is ahead and great pride that we are restoring General Motors as America’s standard bearer in the global auto industry,” Akerson said in a statement. Barra was one of the people in the running to become the next CEO at GM, Other people in consideration were Vice Chairman Steve Girsky, Chief Financial Officer Dan Ammann, and North American President Mark Reuss. Many people who keep a close eye on the automotive industry throught Reuss would be the one. Barra has been with GM since 1980 and has held a number of positions during that time including executive director of competitive operations engineering, plant manager at GM's Detroit-Hamtramck Assembly, and vice president of global manufacturing engineering. “With an amazing portfolio of cars and trucks and the strongest financial performance in our recent history, this is an exciting time at today’s GM. I’m honored to lead the best team in the business and to keep our momentum at full speed,” said Barra. Along with the appointment of Barra to CEO, General Motors has also made a few other changes to the executive lineup. Dan Ammann, Executive Vice President and Chief Financial Officer has been named company president. His responsibilities include managing the company’s regional operations around the world. Mark Reuss, Executive Vice President and North American President will take Mary Barra's former position of Executive Vice President, Global Product Development, Purchasing and Supply Chain. Alan Batey, Senior Vice President of Global Chevrolet and U.S. Sales and Marketing will become the new North American President. Steve Girsky, Vice Chairman for Corporate Strategy, Business Development and Global Product Planning will move into a senior advisor role before stepping down from GM next April. He will remain apart of GM's Board of Directors. Source: General Motors, The Detroit News William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.comor you can follow him on twitter at @realmudmonster. Press Release is on Page 2 Dan Akerson to Retire as GM CEO in January 2014 Mary Barra to Become Next CEO; Dan Ammann Named President DETROIT – General Motors today announced that Dan Akerson, who guided today’s GM to record profits and dramatic improvement in vehicle quality while closing the chapter on government ownership in the company, will step down as chairman and CEO on Jan. 15, 2014. Mary Barra, 51, executive vice president, Global Product Development, Purchasing and Supply Chain, was elected by the Board of Directors to become the next CEO of the company. Barra will also join the GM Board. Akerson, 65, pulled ahead his succession plan by several months after his wife was recently diagnosed with an advanced stage of cancer. The Board also named Theodore (Tim) Solso to succeed Akerson as Chairman. Solso, 66, is the former chairman and CEO of Cummins, Inc., and has been a member of the GM Board since June 2012. “I will leave with great satisfaction in what we have accomplished, great optimism over what is ahead and great pride that we are restoring General Motors as America’s standard bearer in the global auto industry,” Akerson said in a message to employees. With 33 years of experience at GM, Barra has risen through a series of manufacturing, engineering, and senior staff positions. She is a leader in the company’s ongoing turnaround, revitalizing GM’s product development process resulting in the launch of critically acclaimed new products while delivering record product quality ratings and higher customer satisfaction. “With an amazing portfolio of cars and trucks and the strongest financial performance in our recent history, this is an exciting time at today’s GM,” said Barra. “I’m honored to lead the best team in the business and to keep our momentum at full speed.” Dan Ammann, 41, executive vice president and chief financial officer, was named company president and will assume responsibility for managing the company’s regional operations around the world. The global Chevrolet and Cadillac brand organizations and GM Financial will also report to Ammann. Ammann joined GM in 2010 where his first assignment was to manage GM’s initial public offering. As CFO, he has led a transformation of GM’s finance operations into a world-class organization. He also led the strategy to rebuild the company’s captive finance capability through the successful establishment and growth of GM Financial. “We have a significant opportunity to further integrate and optimize our operations to deliver even better results,” said Ammann. “While we have made good progress, we still have much work ahead of us to realize GM’s full potential.” Ammann will retain CFO responsibilities at least through the release of the company’s fourth quarter and full-year 2013 results in early February 2014. His replacement as CFO will be named later. Mark Reuss, 50, executive vice president and president, North America, will replace Barra as executive vice president, Global Product Development, Purchasing and Supply Chain. Under Reuss’ watch, GM’s North America region has produced consistent profits and improved margins during a product renaissance that includes the launch of award-winning cars and trucks such as the Cadillac ATS, Chevrolet Corvette, Impala and Silverado pickup. “The driver’s seat of designing and engineering the strongest product line up in GM’s history is the best seat to have,” said Reuss. “We’re going to keep the pedal down on GM’s product resurgence and keep winning new customers.” Alan Batey, currently senior vice president, Global Chevrolet and U.S. Sales and Marketing, will replace Reuss and is named Executive Vice President and President, North America. Batey, 50, joined GM’s Vauxhall operation in 1979 and held several sales, service and marketing positions around the world. In his current position, he has developed the Chevrolet brand’s Find New Roads advertising campaign and has overseen a sweeping upgrade of retail sales and service operations at hundreds of U.S. dealerships. “North America is the foundation of the GM turnaround story and I’m honored to help continue what Mark started,” said Batey. “We remain committed to delivering the world’s best retail experience to match the world’s best cars and trucks.” The company also announced that Steve Girsky, 51, vice chairman, Corporate Strategy, Business Development and Global Product Planning, will move to a senior advisor role until leaving the company in April 2014. He will remain on the GM Board of Directors. Girsky led GM’s turnaround plan for Europe that has put that region’s operations back on a path to profitability. He has also put GM’s OnStar unit at the forefront of in-vehicle connectivity and helped create GM Ventures to speed the commercialization of new technologies in GM vehicles. “I share Dan’s pride for what the company has accomplished and his sense of optimism for a bright future,” said Girsky. “This team is united in its commitment to building on the foundation that we have established.” Under Akerson’s leadership, GM made swift progress as the company transformed from being majority owned by U.S. Treasury to being publicly traded and investment grade rated. “My goals as CEO were to put the customer at the center of every decision we make, to position GM for long term success and to make GM a company that America can be proud of again,” Akerson said. “We are well down that path, and I’m certain that our new team will keep us moving in that direction.” Akerson was named GM Chairman and CEO on September 1, 2010. He joined GM in 2009 as a member of its Board of Directors. Since the company’s November 2010 Initial Public Offering, GM has recorded 15 consecutive quarters of profitability, has earned this year the best overall initial vehicle quality scores of any auto manufacturer, and has re-invested nearly $9 billion and created or retained more than 25,000 jobs at its U.S plants.

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