Mary Barra has been CEO since Jan'14. GM stock back then was around 36 and today it's about 34, so she's still not convinced the market that GM has a viable financial future, The recent announcement showing a totally new fully autonomous production vehicle a few days ago didn't even get a stock bump. In addition, her employee approval rating of her performance has dived from near 90% down to close to 60%. She alienated her employees by laying off thousands of employees, many of them top performers, while the company still had substantial profits. Thinking through a little more carefully, why not layoff the considerable dead wood at GM? Her first electric vehicle Bolt project was a market failure, especially compared to the Tesla 3. The future looks dismal for GM. Care to add to the list?
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Anyone trust GM to do autonomous when they can't get the technology right they've worked on for years? I sure don't and I plan to have a lot of Japanese steel between myself and any autonomous vehicle GM tries to engineer.
Is there any truth to the claim that gm was orchestrating the dealership association suing tesla and ban them from selling directly in michigan? A few years ago I read an article that gm was pulling the strings. I can't find it anywhere again.
Makes sense. If I ever needed open heart surgery, I'm going for diversity over the most skilled in their profession. Sold!
GM, aliening customers, and former employees for life. Alienating countries that don't want their business, to the point they have to pull out of these unprofitable markets. All that's left, is the US market, in which they are alienating customers, and the Chinese market, in which is tanking among massive competition. Mexico is hardly noteworthy to even consider.
It's no wonder they have to adjust their business plans. They HAVE to go way of mass vehicle transportation, as they're running out of customers to purchase their wares. GM, the Kmart of the automotive sector, would anyone really care if it simply went away?
Mary is the current line of clowns in the cycle, and a supposed 30 year GM gal. We know her story. A pretty face to absorb the recall debacle, to gain sympathy for a situation that needed a soft face that a man could not present. That's her legacy. Mark, a soy boy whom easily bent over backwards when waa-man empowerment was installed, and females across the board were promoted within the upper ranks. Gender, over skillset, is their strength - obviously. Meanwhile, a true genius is circling around the obsolete automakers of today. Elon Musk with enough vision to not only create a car company who's market cap exceeds TWO US automakers combined, but a genius that creates multiple success stories of amazing feats across multiple industries, that amateurs such as MB can only hope to accomplish.
If you want the best, you hire the best. If you want everyone but the best, you hire diversity.
GM stock is possible the worst investment since the last 8 yrs. The market has recognized there is no potential for a company which refuses to innovate and wants to keep things business as usual, i.e shove more SUV and trucks down the throat of the consumer. They lost a golden opportunity to beat Tesla when they were neck deep in manufacturing hell on the Model 3, instead they release an average, boring Bolt which they new had zero chance to compete. It was almost setup to fail .. well things are different now, Tesla is going to end up totally destroying it out the park once and for all.
The tariffs are the ignorant excuse for the american public. In the last 15 yrs. How did GM car sales fare vs Toyota ? Well....let's stop making cars was GM's response. Food for thought....one person in your household loses the job( Lordstown for example) and you no longer buy an SUV or Truck. You know buy a car.
This is absolutely the truth, I have been following this for years now, unfortunately there is always a price to be paid at the expence of people and in this case children.
I am definitely not a EV supporter, and of course this CEO dosent care along with most people. Very sad truth
Mary’s choice to create massive numbers of electric vehicles requires incredible amounts of cobalt. Unfortunately, the Congo cobalt suppliers are abusing children in the mines to meet this demand. Do you really think GM’s CEO cares? https://www.raconteur.net/business-innovation/cobalt-mining-human-rights
Along with MTB, let’s get rid of crash dummy Reuss and the nasty little CFO that orchestrated the entire lay-off scheme.
Actually, the one year anniversary of the layoffs is coming up, we could blue bag all three of them to celebrate! I’d pay to watch them walking out with their blue bags in hand.....
- S many of us GM people have no idea exactly what the direction of the company is, all we do know is this, we collect a paycheck for today. Tomorrow it could be blue tote bags, black busses carting us away to uenjoyment sprinkled in with a What the hell just happened face! And that's it.
It's out of all of your control, she has her money.
As for her contribution to the company well it honestly is insignificant and no value has been added, GM is definitely not going anywhere for along time true.
After all they are to big to fail, politics has spoken loud and clear and the voices of this country falls on def ears. Mary is just a blip in GM history and that's about it really, more than likely her and the CFO will be remembered always as the head count reducers and shuffling people around like cattle, closing buildings that are relatively new construction and generally wasting company money, you know, it's the GM way of doing business. Like it or loath it that is the bottom line truth.
Wow you must be drinking the purple koolaide Mary has been handing out. Do a random inquiry of 5, or 20 people and ask them if they want to buy an electric vehicle in the future. That will give you a 95th percentile for probability. My guess is you will see 1-2 people say yes. You can't sell the farm for only 10% market demand in the future.
Ps.. Stop drinking the koolaide, and Be real careful if Mary stops abruptly, because we know what your nose will be up.
No. Mary is great. Stock is down because of the high costs we are facing these days. Tariffs on the present production and investing in the electric future. I'm not worried GM is the most sound financially of the big 3. Even Nissan is in major trouble