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Tag Archives: mary barra
GM Posts Strong Q2 Results with $3.2B in Earnings
“The biggest driving force behind our financial results is customer demand for our vehicles, which have now led the U.S. industry in initial quality for two consecutive years. We have earned four consecutive quarters of higher retail market share in the U.S. versus a year ago with continued strong pricing and incentive discipline, we’re leading in both commercial and total fleet deliveries calendar year to date, and we’re growing profitably in international markets such as Brazil and Korea,” said CEO Mary Barra. Continue reading →
Lin-Hua Wu Named GM’s Chief Communications Officer
General Motors (NYSE:GM) today named Lin-Hua Wu, 52, as senior vice president and chief communications officer – a job that is consdierably more complicated in the post Covid era. Wu joins GM by leaving Google, where she was Vice President of Global Communications & Public Affairs since 2021. Wu’s appointment is effective 21 August 2023. She will report to GM Chair and CEO Mary Barra. Continue reading →
Posted in connected vehicles, milestones, people
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Tagged auto industry commentary, autoinformed.com, glass ceiling, Ken Zino, Lin-Hua Wu, mary barra
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GM Adding Tesla Supercharger Network to Ultium Charge 360
General Motors Co. (NYSE: GM) is following Ford Motor Company expanding EV charging access to the Tesla supercharger network. GM customers will be able to access 12,000 Tesla Superchargers and growing beginning in early 2024 as part of the ongoing Ultium Charge 360 plan to expand access for residential, work and public charging. This builds on the more than 134,000 chargers available to GM EV drivers today through the company’s Ultium Charge 360 program and associated mobile apps. Continue reading →
Apple VP of Cloud Service – Mike Abbot – Joins GM
“We have entered the next phase of our technology driven transformation focused on rapidly scaling new EV models and our Ultifi software platform, which will drive faster innovation and enable new and exciting customer experiences,” said Mary Barra. Continue reading →
Vice Admiral Tighe Shattering Glass at GM Board of Directors
“GM’s future will be driven by a software-first approach that enables a faster cycle of innovation, an elevated experience for our customers and a more efficient enterprise,” said GM Chair and CEO Mary Barra. “Vice Admiral Tighe’s vast expertise in cybersecurity and information systems will be invaluable as GM scales EVs, AVs, and software-defined vehicles to deliver our vision of a world with zero crashes, zero emissions and zero congestion.” Continue reading →
Posted in connected vehicles, mobility company, people
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Tagged auto industry commentary, autoinformed.com, cybersecurity, gm board, Jan Tighe, Ken Zino, mary barra, nsa, us Navy
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GM Posts 2023 Q1 Revenues of $40B, Earnings of $2.4B
General Motors (NYSE: GM) today reported first-quarter 2023 revenue of $40.0 billion, net income attributable to stockholders of $2.4 billion – EBIT-adjusted $3.8 billion. Earnings per share of $2.21 increased from $2.09 (diluted and adjusted) year-over-year. GM delivered 1.38 million … Continue reading →
Posted in economy, environment, financial results, results
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Tagged auto industry commentary, autoinformed.com, GM 2023 earnings guidance, GM Q1 2023, gmi, Ken Zino, mary barra
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GM Posts Record $14.5 Billion in Earnings During 2022
General Motors Co. (NYSE: GM) said today that fourth-quarter 2022 revenue was $43.1 billion, net income attributable to stockholders of $2.0 billion and EBIT-adjusted of $3.8 billion. GM’s full-year 2022 revenue was $156.7 billion, net income attributable to stockholders was $9.9 billion and EBIT-adjusted was a record $14.5 billion. Results were at the high-end of the company’s revised EBIT-adjusted guidance range. GM stock was up almost $3 per share immediately after the announcement. Continue reading →
Hertz and GM Plot Major EV Rental Expansion
Hertz said it is investing to create the largest rental fleet of EVs in North America, with tens of thousands of EVs available for rent at 500 Hertz locations across 38 states. The company’s current goal is for one-quarter of its fleet to be electric by the end of 2024. Continue reading →
The 2024 Chevy Equinox EV – a $30,000 Breakthrough?
“We are at a turning point where EVs will be the mainstream choice for the next generation of customers and Equinox EV will lead this charge for us,” said Mary Barra, Chair and CEO of General Motors. “With the flexibility of GM’s Ultium Platform, we are bringing to market vehicles at nearly every price point and for every purpose.” We agree. Simply put the 2024 Equinox EV has range, space and technology. Quality is also likely to be high as well. Continue reading →
Posted in news analysis
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Tagged 2024 Equinox EV, auto industry commentary, autoinformed.com, compact EV SUV, Ken Zino, mary barra, Ultium Charge 360
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Covid Recovery: GM Stock Dividend Returns
GM suspended its quarterly dividend in April of 2020 in response to uncertainty caused by the global coronavirus pandemic. While some uncertainty still exists, AutoInformed thinks that the ongoing successes of the Biden Administration’s public health and employment policies – particularly the passage of the Stop Inflation Recovery Act of 2022 – are reasons for optimism. Continue reading →
Posted in financial results, news analysis
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Tagged auto industry commentary, autoinformed.com, Biden Recovery, Ken Zino, mary barra, Paul Jacobson, Stop the Steal
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GM Q2 Earnings at $2.3B Off -$1.1B YoY
This was a significant drop of $1.1 billion in a year-over year comparison as net pricing increases, strong demand and more upscale vehicle sales were more than offset by disrupted production, increased costs and lost sales (90,000 built but not complete?) from lean inventories especially in June. In a word – semiconductors. Continue reading →
Posted in economy, financial results, news analysis
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Tagged auto industry commentary, autoinformed.com, Ken Zino, mary barra, semiconductors
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GM and Pilot to Build Coast-to-Coast EV Fast-Charging Grid
The network of 2000 charging stalls, co-branded “Pilot Flying J” and “Ultium Charge 360”, will be powered by EVgo eXtend and open to all EV brands at up to 500 Pilot and Flying J travel centers. GM customers will receive special benefits such as exclusive reservations, discounts on charging, a streamlined charging process through “Plug and Charge” and integration into GM’s vehicle brand apps providing real-time charger availability and help with route planning. This collaboration is targeting the installation of charging stalls at 50-mile intervals across the US. For GM, this development is one more step in its ~$750 million investment in EV charging infrastructure. Continue reading →
Chevrolet Introduces 2024 Silverado EV
She also teased the 2024 Chevrolet Silverado EV, a full-size pickup developed from GM’s Ultium platform. Customers will have the ability to buy or lease the truck within various price ranges, with MSRPs around $50,000, $60,000, $70,000, $80,000 and much, much more for the more for the flagship RST First Edition, which will debut with an MSRP of $105,000, plus $1695 for shipping. The Silverado EV will be offered only in Crew Cab models. Continue reading →
Biden Bets on Detroit, Union Workers at GM’s EV Factory ZERO
“They’re the things that take place at the kitchen tables I grew up in,” Biden said. “For most of the 20th century, we led the world by a significant margin because we invested in our people, we invested in ourselves. But something went wrong along the way: We stopped. We risked losing our edge as a nation, and China and the rest of the world are catching up. Continue reading →
Chevrolet Bolt Returning as Affordable EV
“Our customers love today’s Bolt. It has been delivering record sales and some of the highest customer satisfaction and loyalty scores in the industry,” said Barra. “It’s also an important source of conquest sales for the company and for Chevrolet. We will keep the momentum going by delivering a new Bolt…and we will execute it more quickly compared to an all-new program with significantly lower engineering expense and capital investment by updating the vehicle with Ultium and Ultifi technologies and by applying our ‘winning with simplicity’ discipline.” Continue reading →