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General Motors Names New Vice President of Global Quality

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 »

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Mary Barra Named New Chairman of GM

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 »

GM CEO Barra Confident About Value of Company’s Stock

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 »

GM CEO Barra Received $16.2 Million in 2014 Compensation

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 »

GM CEO Mary Barra Brushes Off Merger Talks

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 »

GM Sets Buyback, Placating Activists

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 »

Mary Barra Says 1st Year as GM CEO Marked by Disappointment, Progress

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 »

Barra Named Crisis Manager of the Year by Fortune

Weathering General Motors’ severest crisis since its 2009 bankruptcy earned CEO Mary Barra another accolade today as Fortune magazine called her crisis manager of the year, reported Detroit Free Press. GM has repaired more than 60% of the 2.4 million cars it recalled for a defective ignition switch that has been linked to 42 deaths, ... Read More »

GM CEO Mary Barra on Tesla: ‘We just want a level playing field’

DETROIT – Shortly before Gov. Rick Snyder signed a bill deemed by some as “anti-Tesla” into law last week, General Motors released a statement throwing its support behind House Bill 5606, reported MLive. “We believe that House Bill 5606 will help ensure that all automotive manufacturers follow the same rules to operate in the State ... Read More »

Culture Overhaul Is Up To GM Insiders

Six months after stepping aside as General Motors Co.’s fourth CEO in five years and leaving his successor with a searing recall crisis, Dan Akerson tells The Detroit News “we all … didn’t fully realize how deeply some of the problems ran,” reported The Detroit News. That’s not the half of it, as his hand-picked ... Read More »