A top Wall Street auto analyst just called out Ford for falling behind GM. But there's nothing wrong with second place. (GM, F)

Morgan Stanley analyst Adam Jonas published a research note contrasting GM's and Ford's prospects. He rightly touted GM for its leadership and execution. But he underestimated Ford's tenacity and experience being No. 2 in the US market. On Thursday, as the media-and-Wall-Street aspects of the Detroit auto show were winding down, Morgan Stanley auto analyst Adam Jonas published a research note in which he praised General Motors' business and leadership and made some accurate — yet harsh — poin...
Tags: Facebook, US, Trends, General Motors, Tesla, Vw, Ford, Mary Barra, Gm, Chrysler, Morgan Stanley, Detroit, Jonas, Henry Ford, Cadillac, Fiat Chrysler Automobiles

GM's Barra signals no new vehicles for Detroit Hamtramck, Lordstown

GM CEO Mary Barra offered little hope to workers at the Detroit-Hamtramck and Lordstown plants that new vehicles will be assigned to the facilities.
Tags: News, Mary Barra, Gm, Lordstown, Barra, Detroit Hamtramck, Detroit Hamtramck Lordstown

GM CEO Mary Barra: Tesla CEO Elon Musk doesn't want unionized workers

General Motors CEO Mary Barra dismissed the possibility that Elon Musk's Tesla could acquire one of GM's soon-to-be-idled U.S. factories.
Tags: Elon Musk, News, General Motors, Tesla, Mary Barra, Gm, Tesla CEO Elon Musk

Elon as Rescuer? Not for GM Workers, Barra Says

Shortly after General Motors announced its decision to end assembly work at two car-producing U.S. plants, Tesla CEO Elon Musk floated the possibility of a Silicon Valley rescue of either Detroit-Hamtramck or Lordstown Assembly. Talks between GM and Tesla did occur, it turns out, but GM CEO Mary Barra doesn’t seem to think much of […] The post Elon as Rescuer? Not for GM Workers, Barra Says appeared first on The Truth About Cars.
Tags: General Motors, Tesla, Mary Barra, Gm, Autos, Silicon Valley, Elon, Tesla CEO Elon Musk, Detroit Hamtramck, Lordstown Assembly, GM Workers Barra

GM is reassigning thousands of its engineers to work on electric vehicles

GM CEO Mary Barra has laid out a blueprint for shifting to electric, self-driving cars — a world, she says, with "zero crashes, zero emissions and zero congestion." That will require shifting resources to AV and EV development. GM appears to be serious about their zero-emissions vision: the company is shifting 75% of its powertrain engineers from internal-combustion engines to electric vehicle development as it prepares to unleash of wave of EVs under the Cadillac brand. The big picture:   G...
Tags: San Francisco, Trends, Mary Barra, Gm, Chevrolet, Cadillac, Buick GMC, Mark Reuss, China Cadillac, CTO Kyle Vogt

GM is defying naysayers with a bullish 2019 outlook, and plans to take on Tesla with Cadillac (GM)

At its Capital Markets Day in New York, GM predicted that 2019 auto sales in the US and China could hold up. GM also told Wall Street that it could beat its 2018 earnings guidance, and it guided markedly higher than consensus for 2019. The company also announced that Cadillac would become its lead electric-vehicle brand. The global auto industry is entering a defensive crouch in early 2019, but General Motors is a notable exception. On Friday, the largest US carmaker by sales kicked off its C...
Tags: Facebook, New York, Wall Street, China, US, Trends, General Motors, Tesla, Mary Barra, Gm, Chevy, Detroit, Cadillac, Trump, Chevy Bolt, Barra

GM is defying naysayers with a bullish 2019 outlook, plans to take on Tesla with Cadillac (GM)

At its Capital Markets Day in New York, GM predicted that 2019 auto sales in the US and China could hold up. GM also told Wall Street that it could beat its 2018 earnings guidance, and it guided markedly higher than consensus for 2019. The company also announced that Cadillac would become its lead electric-vehicle brand. The global auto industry is entering a defensive crouch in early 2019. But General Motors is a notable exception. On Friday, The largest US carmaker by sales kicked off its C...
Tags: Facebook, New York, Wall Street, China, US, Trends, General Motors, Tesla, Mary Barra, Gm, Chevy, Detroit, Cadillac, Trump, Chevy Bolt, Barra

GM raises 2018 forecast, predicts stronger 2019 earnings

DETROIT (AP) — General Motors strengthened its pretax profit estimate for 2018 and predicted even stronger performance for 2019 as it executives made a presentation to investors on Friday. CEO Mary Barra also says the company doesn’t foresee any further job cuts through 2020. Last year GM announced plans to close five North American factories […]
Tags: Business, News, General Motors, Ap, Mary Barra, Gm, Detroit

Critics are once again predicting the US auto industry is going to tank, but they should be careful of what they wish for. (GM, F, FCAU)

For 2018, automakers again posted near-record US sales. The 17.3-million total marked the fourth straight year that the total has come in above 17 million — an unprecedented boom. The news was greeted, as it has been for several years, by a round of doomsaying about the 2019 market. Naysayers have been wrong about a sales downturn for years, but they continue to push a negative outlook. Automakers reported December and full-year auto sales for the US on Thursday, and they were robust. The tot...
Tags: Facebook, Elon Musk, US, Trends, Tesla, Bloomberg, Ford, Mary Barra, Gm, Detroit, Fiat Chrysler, Trump, Don, GM Ford Toyota, US Auto Sales Party

'The Language of Capitalism Isn't Just Annoying, It's Dangerous' (slashdot)

An anonymous reader shares a report: When General Motors laid off more than 6,000 workers days after Thanksgiving, John Patrick Leary, the author of the new book Keywords: The New Language of Capitalism, tweeted out part of GM CEO Mary Barra's statement. "The actions we are taking today continue our transformation to be highly agile, resilient, and profitable, while giving us the flexibility to invest in the future," she said. Leary added a line of commentary to of Barra's statement: "Language w...
Tags: News, General Motors, Mary Barra, Gm, Leary, Barra, Msmash, Ernest Mandel, John Patrick Leary, Haymarket Books Leary

Trump has taken a hatchet to federal rules, but a number of industries are now pleading to be regulated

President Trump has taken a hatchet to federal rules that he says kill jobs, cost money and give Washington bureaucrats too much power. While this may be music to some large industries' ears, there are a number of sectors that are pleading with the feds to impose new rules. Regulation is a dirty word in most Republican administrations, and President Trump has taken a hatchet to federal rules that he says kill jobs, cost money and give Washington bureaucrats too much power. The catch:   While...
Tags: Google, Amazon, Facebook, Fcc, Microsoft, Obama, Congress, Washington, Barack Obama, Trends, Comcast, Mary Barra, Gm, SEC, Electric, Environmental Protection Agency

'The Language of Capitalism Isn't Just Annoying, It's Dangerous'

An anonymous reader shares a report: When General Motors laid off more than 6,000 workers days after Thanksgiving, John Patrick Leary, the author of the new book Keywords: The New Language of Capitalism, tweeted out part of GM CEO Mary Barra's statement. "The actions we are taking today continue our transformation to be highly agile, resilient, and profitable, while giving us the flexibility to invest in the future," she said. Leary added a line of commentary to of Barra's statement: "Language w...
Tags: Tech, General Motors, Mary Barra, Gm, Leary, Barra, Ernest Mandel, John Patrick Leary, Haymarket Books Leary

Here’s how a Tesla deal for GM’s abandoned factories could help revive America’s struggling auto industry and create 45,000 jobs (TSLA, GM)

Tesla's main Fremont, California factory is a former Toyota-GM combined assembly line.  As the company grows, it could utilize the factories GM said earlier this month it would shut down.  That would be welcome good news for Ohio workers, GM and Tesla, which could need 45,000 more skilled workers in coming decades, Morgan Stanley estimates.  As old-guard automakers struggle to adapt to changing markets, factories are shuttering and jobs are being cut. General Motors, the most recent example, ...
Tags: Elon Musk, California, China, US, America, Trends, General Motors, Tesla, United States, Tennessee, Mary Barra, Gm, Cbs, Ohio, Morgan Stanley, Detroit

Mary Barra Fast Facts

Read CNN's Fast Facts about Mary Barra and learn more about the CEO of General Motors.
Tags: Cnn, Mary Barra

Even if deposed Nissan chairman Carlos Ghosn did everything he's accused of, he shouldn't still be in a Japanese jail

Former Nissan chairman Carlos Ghosn was arrested in Japan last month on allegations of financial misconduct. He's been re-arrested several times and remains in a Japanese jail. Nissan has deposed him as chairman, but the Renault side of the Renault-Nissan-Mitsubishi alliance has stood by him. Last month, Carlos Ghosn was arrested in Japan when his private jet landed at Tokyo's Haneda Airport. The now-former chairman of Nissan was nabbed alongside a Nissan director, American Greg Kelly. That w...
Tags: Facebook, Japan, US, Trends, General Motors, Mary Barra, Tokyo, Nissan, Mitsubishi, Renault, Reuters, Haneda Airport, Kelly, Ghosn, Carlos Ghosn, Carlos

Students Write Letters, Draw Pictures Asking GM CEO to Reconsider Lordstown Decision

The announcement that General Motors will stop production at its Lordstown plant has caused anxiety for more than just its workers. Their children are concerned, too. “My daughter’s a senior at the high school and when the announcement was made…she was in her physics lab and every other kid that’s in her group has a parent that either works at GM or one of the suppliers and will effectively be out of work in March," said United Auto Workers Local 1112 President David Green. "Obviously, she said ...
Tags: General Motors, Mary Barra, Gm, David Green, Trumbull, Lordstown, Barra, United Auto Workers, Mahoning, Anna Huntsman, United Auto Workers Union Hall, Ohio Green

Automotive Roundup: General Motors, Nissan-Renault and Audi

In this roundup, GM’s CEO makes (partial) amends, the Carlos Ghosn saga continues with a twist, and Audi finds itself looking for a better 2019. Taking the Edge Off After some nasty comments by President Trump over her decision to lay off as many as 15,000 white- and blue-collar American workers with General Motors’ plan to close five North American plants and discontinue production of a half-dozen sedans, GM CEO Mary Barra on Friday took the edge off the action by offering transfers to 2,800 h...
Tags: Japan, Texas, France, China, Germany, Advertising, US, General Motors, Automotive, United States, Mary Barra, Gm, Tokyo, Bmw, Volkswagen, Audi

GM is issuing layoff notices for 5 US and Canadian factories — but over 1,000 workers are interested in relocating (GM)

GM has begun to notify hourly workers of layoffs at five plants in the US and Canada. The carmaker has 2,700 positions available at other facilities. GM is also providing severance and services to salaried employees facing layoffs or voluntary buyouts. Last month, General Motors announced that it intended to idle five US and Canadian factories amid a shift in the auto industry away from passenger cars toward SUVs. The carmaker has begun to notify the federal government of its layoff plans for...
Tags: Facebook, US, Trends, General Motors, Canada, Tennessee, Mary Barra, Gm, Chevy, Barra, Michigan Ohio Maryland, Michigan Ohio Indiana Kentucky

Thousands of Ohio schoolkids plead with GM CEO Mary Barra to keep Chevy Cruze plant open

About 20 school districts in Ohio near GM's Lordstown plant launched a letter-writing campaign to GM CEO Mary Barra asking her to save the factory.            [Author: Detroit Free Press]
Tags: News, Mary Barra, Gm, Ohio, Detroit Free Press, Lordstown, Chevy Cruze

Trump says GM won't be treated well after layoffs

President Donald Trump said Thursday that General Motors CEO Mary Barra made a "big mistake" by laying off thousands of workers and pledged to retaliate against the company.
Tags: News, General Motors, Mary Barra, Gm, Stories, Donald Trump, Trump

Trump says GM 'is not going to be treated well' after layoffs

President Donald Trump said Thursday that General Motors CEO Mary Barra made a "big mistake" by laying off thousands of workers and pledged to retaliate against the company.
Tags: General Motors, Cnn, Mary Barra, Gm, Donald Trump, Trump

Two lawmakers want GM to commit to producing all U.S. EVs domestically

Two U.S. senators from Ohio on Tuesday asked General Motors chief executive Mary Barra to commit to building all future electric vehicles for U.S. buyers at home and to provide more details of plans to cut back on car production in North America.
Tags: Money, General Motors, businessNews, Mary Barra, Gm, Ohio

GM Fights To Retain Tax Credit Amid Trump Threat To Cut All Subsidies

WASHINGTON (AP) — General Motors is fighting to retain a valuable tax credit for electric vehicles as the nation’s largest automaker contends with the political fallout triggered by its plans to shutter several U.S. factories and shed thousands of workers. Preserving the $7,500 tax incentive for buyers is crucial for GM as the company pivots from internal combustion engines in favor of building cars powered by batteries or hydrogen fuel cells. Yet the layoffs and plant closings could imperil G...
Tags: Texas, News, Congress, Washington, America, General Motors, Tesla, Ap, Gop, House, Rick Perry, Mary Barra, Gm, Kelley Blue Book, Paul ryan, Mitch McConnell

Musk says Tesla could buy idle GM plants

Tesla Inc. Chief Executive Officer Elon Musk told CBS’s “60 Minutes” that he may be willing to buy some of the five factories General Motors Co. will idle next year, making him the second rival in two days to step up with possible job-creating moves as GM takes political heat for cutting workers. Musk made the statements in an interview with Leslie Stahl that will air Sunday. CBS released excerpts Friday. GM CEO Mary Barra was in Washington the past two days meeting with members of Congress abou...
Tags: Business, Elon Musk, Congress, California, Washington, Uncategorized, Tesla, Sport, Soccer, Mary Barra, Gm, Cbs, North America, Detroit, Musk, Automakers

Will Tariffs Proposed on Foreign Cars Impact Your Business?

President Donald Trump revealed that he will study putting tariffs on imported cars in order to give U.S. companies an advantage in light of large job cuts announced by General Motors in a series of Wednesday tweets: The reason that the small truck business in the U.S. is such a go to favorite is that, for many years, Tariffs of 25% have been put on small trucks coming into our country. It is called the “chicken tax.” If we did that with cars coming in, many more cars would be built here….. — ...
Tags: Congress, Mexico, White House, China, Sales, America, General Motors, Economy, Canada, United States, Mary Barra, Gm, Donald Trump, Trump, Donald J Trump, Barra

GM's union talks could spare some workers at risk of layoffs

Mary Barra met with members of Congress this week about the company's plans to shut four US plants sometime next year. But if any of plants are saved, it'll most likely happen in upcoming labor negotiations, not in discussions in Washington DC.
Tags: Congress, US, Cnn, Mary Barra, Gm

People Impacted By Lordstown Closure Asked To Share Stories

People affected by GM’s Lordstown plant closure are being asked to share their stories . Congressman Tim Ryan is collecting the stories. Ryan says he wants to make sure that people are being heard. “The old social compact between corporations and the workers, or the government and its citizens is broken. And we need to bring back the humanity of what’s happening in our country.” Ryan says he will share the stories with the general public and use them if he speaks on the house floor. Ryan met wit...
Tags: Mary Barra, Gm, Ryan, Lordstown, Tim Ryan, Tyler Thompson

Damage Control: GM Attempts to Smooth Things Over in Washington

General Motors’ restructuring plan has placed it under heavy fire. As it turns out, domestic job cuts and factory closings aren’t all that popular on Capitol Hill or in middle America, especially when a company appears financially healthy. Go figure. Hoping to mitigate the social damage that’s only guaranteed to escalate next year, GM CEO […] The post Damage Control: GM Attempts to Smooth Things Over in Washington appeared first on The Truth About Cars.
Tags: Layoffs, Congress, Washington, Government, America, General Motors, Mary Barra, Gm, Autos, Automotive Industry, Capitol Hill, Industry News, Rob Portman, Elissa Slotkin, Sherrod Brown, News Blog

GM CEO will keep 'open mind' on plant closings, acknowledges anger

General Motors Co Chief Executive Mary Barra on Wednesday vowed to keep an "open mind" about the future of an Ohio plant that will lose vehicle production, but warned the Detroit automaker has excess capacity and did not suggest the company was reconsidering the plan.
Tags: Money, businessNews, Mary Barra, Gm, Ohio, Detroit, General Motors Co

Ohio lawmakers press GM CEO to shift work to plant targeted for closure

Ohio's U.S. senators on Wednesday pressed General Motors Co Chief Executive Mary Barra to shift production from Mexico or build electric vehicles in a U.S. plant in their state that the automaker has said it intends to close.
Tags: Money, Mexico, businessNews, Mary Barra, Gm, Ohio, General Motors Co