We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
NEW YORK DAWN™NEW YORK DAWN™NEW YORK DAWN™
Notification Show More
Font ResizerAa
  • Home
  • Trending
  • New York
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Art
  • Health
  • Sports
  • Entertainment
Reading: GM’s Mary Barra Has a Plan to Win the Electric Vehicle Race
Share
Font ResizerAa
NEW YORK DAWN™NEW YORK DAWN™
Search
  • Home
  • Trending
  • New York
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Art
  • Health
  • Sports
  • Entertainment
Follow US
NEW YORK DAWN™ > Blog > Business > GM’s Mary Barra Has a Plan to Win the Electric Vehicle Race
GM’s Mary Barra Has a Plan to Win the Electric Vehicle Race
Business

GM’s Mary Barra Has a Plan to Win the Electric Vehicle Race

Last updated: May 12, 2022 9:00 am
Editorial Board Published May 12, 2022
Share
SHARE
00gm longgame01 facebookJumbo

The daughter of a G.M. die maker, Ms. Barra, 60, grew up in Royal Oak, Mich., and started working at a G.M. plant as an intern at 18 while studying electrical engineering at the company’s technical college, now called Kettering University. Through a G.M. fellowship, she earned a master’s in business administration at Stanford. Since entering the management ranks, she has held top posts in global manufacturing, human resources, product development and supply chain management.

In January 2014, she succeeded Daniel F. Akerson as chief executive and became the first woman to head a major auto company. Ms. Barra guided G.M. through a scandal stemming from an ignition-switch flaw linked to crashes that resulted in more than 100 deaths. She then made a series of decisions that showed that the General Motors that had recently emerged from bankruptcy was not the conservative, lumbering giant that consumers and investors had known for a century.

In a move that would once have been unthinkable, she decided to pull out of the European market, a region of slow growth and low margins where G.M. had been posting losses for two decades. G.M. sold its European operations to France’s Peugeot S.A., now part of Stellantis. Included in the sale was the Opel division, which had been owned by G.M. since 1929.

Shedding money-losing businesses that had been tolerated for years “helped change the whole mind-set,” she said. “The whole company kind of went, ‘Well, this is a new day.’”

G.M., which had long taken pride in developing its own technology, also acquired an automated vehicle start-up, Cruise Automation. In another precedent-breaking move, G.M. has brought in outside investors, including Honda and T. Rowe Price, to share the costs and risks of spending billions of dollars on self-driving vehicles.

Along the way, Ms. Barra formed a close partnership with Mr. Reuss, a contemporary who had been a candidate for the top job in 2014. He, too, has spent his career at G.M. and had followed his own father, Lloyd Reuss, a former president of the company.

You Might Also Like

Astana International Forum 2025: “Connecting Minds, Shaping the Future”

Investment success: GP Fatih Marketing Research Co LLC and the gold dream in Africa

Al Amari Group Earns International Acclaim as a Trusted 5-Star Rated Firm

These companies enable a weed break at work

You get $500K. However first it’s important to transfer to Ohio.

TAGGED:AutomobilesBarra, Mary TElectric and Hybrid VehiclesFactories and ManufacturingFord Motor CoGeneral MotorsProductionTesla Motors IncThe Washington Mailvisionaries2022
Share This Article
Facebook Twitter Email Print

Follow US

Find US on Social Medias
FacebookLike
TwitterFollow
YoutubeSubscribe
TelegramFollow
Popular News
Ryne Stanek to re-sign with Mets after postseason heroics
Sports

Ryne Stanek to re-sign with Mets after postseason heroics

Editorial Board January 29, 2025
Will Russia Try to Politicize Elena Rybakina’s Wimbledon Win?
10 Execs and Cons of Residing in Oklahoma
N.C.A.A. Reorganizes Around New Constitution That Shifts Power to Universities
Fetterman’s Heart Issues Add Wild Card to Key Pennsylvania Senate Race

You Might Also Like

This businessman turned  into  billion
Business

This businessman turned $40 into $6 billion

November 12, 2024
This plastic rest room might save lives
Business

This plastic rest room might save lives

November 12, 2024
Say goodbye to plastic sandwich baggage
Business

Say goodbye to plastic sandwich baggage

November 12, 2024
Dying Want Espresso scores a free 30 second Tremendous Bowl advert
Business

Dying Want Espresso scores a free 30 second Tremendous Bowl advert

November 12, 2024

Categories

  • Health
  • Sports
  • Politics
  • Entertainment
  • Technology
  • World
  • Art

About US

New York Dawn is a proud and integral publication of the Enspirers News Group, embodying the values of journalistic integrity and excellence.
Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Term of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 New York Dawn. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?