Mary Barra – The News Desk

Mary Barra Spent a Decade Transforming GM. It Hasn’t Been Enough.

16Dec

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World

Mary Barra Spent a Decade Transforming GM. It Hasn’t Been Enough.

Updated Dec. 16, 2023 12:04 am ETListen to article(2 minutes)At a 2018 meeting with a senior General Motors team, Chief Executive Mary Barra stunned the room with a sharp U-turn. She killed plans for a new high-end Cadillac that already had gushing reviews from the automotive press. Her reason: the car’s gas-guzzling V-8 engine. Barra, deep into her quest to turn GM into an electric-car powerhouse, decided it would send the wrong message to showcase another splashy Cadillac—the GM brand known for innovation—that leans on fossil-fuel technology. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Will GM Shareholders Survive the EV Meltdown?

With a big share buyback, Mary Barra reminds investors that gas-powered trucks provide the profits.

UAW strike puts spotlight on pay gap between CEOs and workers

The United Auto Workers strike has entered Day 6 as union representatives and Detroit's Big Three remain at odds over wage increases.UAW President Shawn Fain and other union leaders have argued that Ford, General Motors and Stellantis — parent company of Chrysler, Dodge, Jeep and Ram — can afford to pay workers more money because the companies have sharply boosted CEO pay in recent years. Those pay increases have helped create an unreasonably high pay gap between CEOs and average workers, the UAW says. "The reason we ask for 40% pay increases is because, in the last four years alone, the CEO pay went up 40%," Fain said on CBS News'"Face the Nation" Sunday. "They're already millionaires."A Ford representative told CBS MoneyWatch that the UAW's claims are misleading, noting that since 2019 ...