The White House hosted the chief executives of major U.S. companies including auto and tech sector firms this week to discuss President Joe Biden's $1.75 trillion Build Back Better legislation.
The Biden Administration has bipartisan support to contribute $50 billion for semiconductor manufacturing and research, but where the funds will go remains subject of debate.
Two of the nation's largest automobile associations join forces to form the Alliance for Automotive Innovation.
DETROIT — General Motors Co. has named Tony Francavilla as vice president of global quality, according to a company announcement. In his new role, he will be responsible or leading the company’s global quality efforts, aimed at providing customers with the highest quality vehicles. “We intend to earn customers for life by delivering exceptional quality,” ... Read More »
DETROIT — The General Motors Board of Directors unanimously elected Mary Barra as its next chairman, effective immediately. She succeeds Theodore Solso, who will serve as the Board’s 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 ... Read More »
General Motors Co’s chief executive said on Monday she is confident the company will convince investors of the value of holding on to GM’s stock, which has dropped nearly 9 percent since mid-March despite a $5 billion share buyback plan, reported Reuters. The automaker’s shares have declined as investors are concerned the U.S. auto cycle ... Read More »
General Motors Co Chief Executive Officer Mary Barra, who last year became the first woman to lead a major U.S. automaker, received $16.2 million in 2014 compensation, up 78 percent from her predecessor’s total the previous year, reported Reuters. Most of Barra’s compensation is tied to stock awards that she cannot cash in yet. She ... Read More »
DETROIT – General Motors CEO Mary Barra said the automaker has a comprehensive plan in place through the early part of the next decade, and a merger with a large, competing automaker does not appear to be part of that, reported MLive. Speaking in a conference call Thursday morning to discuss the Detroit company’s first ... Read More »
General Motors Co. on Monday became the latest company to return billions of dollars to shareholders amid tussles with investors over how to better allocate corporate cash, reported The WSJ. Facing a potentially contentious fight over a board seat and a larger buyback, the car maker tried to walk the line between placating big investors ... Read More »
DETROIT — Mary Barra says her first year as CEO of General Motors contained both disappointment and progress, as the company recalled a record number of cars and trucks but also improved its handling of safety problems, reported MLive. Barra became the first woman to lead a major automaker last January. Almost immediately GM faced ... Read More »
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