35 Burst results for "Mary Barra"
G.M. Accelerates Its Ambitions for Electric Vehicles
"Motors is the latest automaker to accelerate its transition to electric vehicles. Gm said yesterday that it's raising its investment in vs and autonomous vehicles by about thirty percent to thirty five billion dollars between now and twenty twenty. Five it's a second such boost in recent months. Some of that money will go toward plans to build two more battery factories in the us ceo. Mary barra said. Gm is moving faster because the company sees momentum building for electric vehicle adoption in the
GM Bounces Back With Strong Fourth-Quarter Profit
"General Motors bouncing between gains and losses up just a quarter of a percent of the moment now. The automakers already forecast for this year trail estimates Jim's outlook reflecting a semiconductor shortage, while CEO Mary Barra said that GM sees the supply issue being resolved. This year. It doesn't know exactly when, so that's an issue in terms of their production
Apple and Hyundai-Kia pushing toward deal on Apple Car
"Apple close to finalizing a deal with the honda kia to manufacture an apple branded self driving electric car. Wanna get straight to the man who has the news With exclusive details the lebow fill great reporter andrew it yes it would be an understatement to say that this would be huge early for the auto industry but also for apple when you look at what is possible here the multiple sources who tell me that they are working towards a deal all make it clear that these are talks that have been going on for some time and that they are moving towards a deal now whether or not it gets finalized that remains to be seen. They're keying in on production at the key plant in west point georgia. That's about ninety miles. Southwest of atlanta. It would be autonomous electric vehicle scheduled for release in twenty twenty four. But the people i talk with say look that could get pushed back to twenty twenty five twenty twenty four. They're going to have to start making steps fairly quickly if they're gonna meet that timeline and here's the most important part. It would have apple hardware and software in other words. This would be an apple car. This would not be apple software underneath a key a model. This would be an apple car. They're keenly focused on making sure that the user experience by the way it fits in with the apple ecosystem. That's a big part of this. The georgia plant by the way. It does have capacity available. And there is the key escape. Skateboard hyundai kia has an ev skateboard. But basically think about that as the platform underneath the vehicle it can be adapted depending on what the top hat of the vehicle would be that could be utilized by apple as they're working on this apple car. We reached out to apple yesterday. It declined to comment on this report or the questions we had for them. We also reached out to hyundai kia hyundai kia. Spokesperson declined to comment on the questions that we put to them regarding finalizing deal with apple one other stock or a couple of others. I wanna focus on here general motors. Why take a look at general motors. Well clearly if apple does develop an apple car and gets into this ecosystem with let's say a vehicle that is for robo taxis or for package delivery firms. Eventually it would also be a vehicle that perhaps or their vehicles that perhaps people would buy as part of their own personal buying vehicle. I'm going to buy an apple car. What are the implications for general motors. And all of the automaker's. We talked to mary barra about three weeks ago when some of these i reports were first bubbling up and we asked her this specific question. What does it mean if apple gets into this game. Here's what she had to say. I'm probably not the right person to ask what apple's plans are. We consider them to be a formidable competitor. So that's why we're working with all the capability. We have with our technology to go as fast as we can to To really satisfy in delight the customer in our vehicles and create that relationship and just incredible overall ownership experience. And guys i. I'm sure there will be some questions during the analyst called for ceo. Jim farley about the landscape in terms of competition maybe not a specific question on apple getting into the auto business as an automaker but clearly This is a space that is developing quickly and again we have talked with multiple sources who say that apple and hyundai kia. They are moving down the path towards finalizing a deal for production of an apple car in georgia.
Guest Teacher Janel Dyan on How to Invest in Womens Leadership in Your Company
"Today. We'll be talking about why in these unprecedented times. Women in leadership are essential to your company. Short-term growth and long term survival gender and racial equality are certainly hot topics of conversation right now but there are some organizations that are ahead of the curve and like me have been focusing on the equality of women and women of color for years and these are my clients women in leadership women on the rise women entrepreneurs and women at the helm of fortune five hundred companies today such so what lincoln and ford motor company and helping them grow as leaders. What i do best over the past seven years. I've worked with females of all colors and varied backgrounds from the bay area to new york. They are not only having a huge impact today but they are paving the way for all future female leaders industries historically dominated by men. And here's what i see. The companies who have made it a part of their core tenants to support an invest in diversity programs for the leadership development of women are the companies who are now today's industry leaders and it's not only for the products and services they provide but more importantly as a brand that people want to work for by from remained loyal to the shifted their measurable for success to include strong corporate culture of innovation employed growth customer loyalty and diverse leadership team who focus on purpose. And not just on the bottom line. They understand that their greatest assets are their employees and they have dedicated their efforts to be a brand that is people focused and purpose driven during our time together. Today we will focus on three lessons. You can walk away with first because women are. Today's largest and fastest growing global consumer companies need to shift their brand strategy to recognize the powerful role that women in leadership play driving economic growth. Next we'll take a look at why the greatest leaders are master storytellers and how powerful story can be and finally will cover some tips for building a culture with equality in its foundation including ways to establish promote an invest in fema leadership. So let's get started less than one. Women are the fastest growing global consumer and it's imperative that companies adjust according to. Brigitte brennan author. Why she buys and winning her business. Women make or heavily influence. Seventy to eighty percent of all purchases across all industries which means women are every company's largest target customer to truly capitalize on this customer trend companies. Must do a better job creating products and services with female buyers in mind. Companies must create a brand that women will buy from advocate foreign remain loyal to the companies who are most equipped to connect with women are led by other women and their leadership results have a positive impact. On company performance. The profits higher margins add more returns for investors leaders such as saffir cats of oracle and mary barra of general motors. it seems like commonsense. But it's actually not common practice. Facts are that only. Eighteen percent of global firms are led by women and according to this year's forbes annual report the number of women. Ceo's running fortune five hundred companies since it just seven point four percent so clearly. There are strong logical ethical and financial reasons to put more women at the helm according to study by mackenzie if we can close the gender gap by twenty twenty five twenty. Eight trillion dollars would be added to the global economy and to put that in perspective that is the size of the economies of the united states in china combined. Right now during covid and racial injustices at the forefront we find ourselves in a global economy with the future unknown. These challenges are now calling for new leadership no longer one of command and control but one of collaboration community one of the biggest actions that any leader can do right now is be transparent and empathetic to their team members and customers because anxiety and uncertainty are heightened during this time of crisis emotional connection on a basic human level between the leader and employee has never been more important than right now a recent study done in two thousand nineteen by mit sought to determine the makeup of the most effective leadership teams and those are the teams with the most women especially women of color as they are leaders who bring a deeper understanding of resilience. Women are also more likely to have empathy for those struggling to deal with change or lack of inclusion become role models for the change that they seek and are willing to share inspirational stories to motivate to embrace change they are in general more inclusive and collaborative making in leadership style which is a combination that continues to prove to be effective in getting companies to move faster in times of change lesson to the power of story. Why greatest leaders are master storytellers. We all love stories. In fact stories are what differentiates us as human beings. It is highly forged connections among each other and they'll trust as a community each stories an emotional journey that reinforces shared beliefs values and vision that we can all relate to from drawings on the walls of cave with stories of heroism folktales. That are full of more lessons to generational family tales. That remind us of our roots. Human beings need to feel that we are part of something greater than ourselves stories. Reminders that through tough times we will come out to the other side stronger wiser and more unified than ever stories. Bring us back to the beginning and remind us of who we are and what we do in stories creek clarity in our purpose and vision to get their. The greatest leaders are master storytellers. Simon sinek author of the power of y in infinite game says beautifully leaders aren't responsible for the results. Leaders are responsible for the people who are responsible for the results. It is during these times of crisis that provide an excellent opportunity for leaders to communicate stories of incredible vision for the future showing empathy advising with humility and providing optimism. For what lies ahead. They also understand marketing at its core is simply about storytelling. and it is the stories. They choose to tell that can differentiate brand as an industry leader communicating the values of the brand with the product and services they sell. I mean who wasn't choked up watching google's tearjerking super bowl ad of a love story that began with a simple question how not to forget. So tying back to what we learn in less than one about women being the largest and fastest growing global consumer with the understanding that stories have power companies must give their products and services a story that women now can relate to and what better way to do that than with women at the helm leading the way finally lesson three building corporate culture with gender equality in its foundation companies with strong female leadership such as new york stock exchange. Pwg and google are continuing to create more equitable inclusive and fulfilling workplaces for all women and the investments are already proving to return tenfold to their bottom line.
"mary barra" Discussed on Pen Pals with Daniel & Rory
"I think that something like that could be fun but let me ask you a christmas morning. That's the room at the tree right. Everybody's got gotta be. Yeah meet their. Yeah body. Mary barra ready to go and the in letting mary barra ready to go a little bit of coffee cake breakfast. Pizza irish coffees. Yes maybe a breakfast pizza. Maybe breakfast a egg sausage casserole that you just had tucked in a fridge. Ready to heat up because you know we're talking holiday inn and suites so you know these. Somebody's got like an oven. Yeah and a microwave so you can. You can fix it up a little bit. You can do some cooking. You can do some cooking. I think i think these this family first of all. I just loved it. They're like kfc. We're not putting not making a turkey but we're getting bird so just i i. I'm not a huge fan. I'm a huge fan. And i love the i love that. They were choreographed. Look we'll put all the kids in the pool. Yeah and and then what was his name match. We'll have him go fuck shit. He'll go get high as a goddamn cup. Tell you to your face. I can't do it unless i'm getting pushed and pulled now. Though i that he means pushed give them a couple shots. He walks out to the car getting pulled. He's got take a couple of tokes can ball before he even suits up before he even suits biggest thing and then he hits the ball one more time and he walks in and he is as jolly as being yes. He's he's an he is santa he is. You can't looking as is you. Only see san. Jose luis in it the further the night. He's d- l. is dd l. For the.
A look at the state of retail, as holiday shopping wraps up
"Michelle mentioned retail sales in his press. Conference today to numbers out this morning show. They fell a bit more than one percent in november which matters 'cause that most likely includes the first wave of holiday. Shopping and retailers are doing what they can to encourage us to keep on buying walmart for instance just announced its deadline for free shipping to get there before christmas. It's going to be december. Twenty first is their deadline. Which i don't know seems tight to me. If you want to risk it marketplace's. Mary barra has more now on four. The holidays in this very strange year every year nicole fritz michigan goes to holiday gatherings where she sees co workers or cousin. She doesn't really know that well so every year she finds herself standing in a store looking for that perfect generic holiday gift. Alosha shanna candle. You've been some kitschy but fun. Little coffee mugs since fritz is not really seeing anyone this year. Her shopping list is much smaller. She's mostly buying online from small retailers. She ordered a custom made dress for her sister in october. One of several packages. That still haven't arrived. They send stuff out but the delivery date of keeps getting later and later. Meanwhile dana chadwell in tennessee has been shopping exclusively online. She says stores are too risky because their parents are elderly and her brothers on dialysis also. She often buys people experiences like concert tickets. But this year. She's getting her mom cookware. She asked for and her dad. There's zero chance. My dad will hear this. So i can tell you you know. I got him a couple of flannel shirts and colors that i thought he would really like. And some tanker chips. Danny groner in new york is trying something new to instead of physical gifts he sending money on ven mo like his friends have two young kids and at a picnic in september. The eight dollars. Pretzels on hanukkah are yellow. The mom ten dollars earmarked for pretzels. Just as a nice note that despite the fact that we couldn't see one another over the holiday. I was still thinking of them few days later. That friend sent groner some photos. The kids had turned the pretzels into a craft project. Making minora's out of them using marshmallows and other things groner says he's hoping some of year's new traditions will stick. I'm maryelle sagarra for marketplace. So you know that lady's dead is totally going to hear this somehow right. That's absolutely what's going to happen. Also stocking stuffers big thing in my ass were worried about that.
GM Stops Backing Trump Administration in Emissions Fight With California
"The Trump administration's legal fight against California, upsetting its own clean air standards. General Motors CEO Mary Barra, in a letter to environmental group says the company is pulling out of the Trump administration's lawsuit and urged other automakers to do the same for a saying she agrees with President elect Biden's plan to expand electric vehicle used to fight climate change. 13 automakers sided with the Trump administration last year over whether California has the right to set its own standards for greenhouse gas emissions and fuel efficiency. Steve Rapoport AstraZeneca becomes the
GM-Nikola Deal in Flux
"Three weeks ago on this show, we talked about Nikola, the electric truckmaker because. On Day, shares of Nikola were more than thirty five percent on the news of its partnership with General Motors. That was a lifetime ago. The deal was supposed to close today. That's not going to happen in terms of closing today and. This seems like a story in Flux Maria because a couple of hours ago I was looking at that. The available information and thinking to myself well, I think I. THINK GM is backing out of this deal. We had the whole thing with Nikola and the founder Chairman of the board resigning immediately. Deleting his social media accounts, allegations coming out and it, and it seemed like. A couple of hours ago. Maybe Chan was just backing off altogether. Now it looks like they might be just negotiating better terms because shares of Nikola were down first thing this morning. then. All of a sudden. They spiked up eleven twelve percent Where do you think this is going? It's really interesting. So Nicola is has ambitious to make electric and hydrogen powered trucks. They want us and lease battering hydrogen-powered semi trucks, tip businesses for anyone who wasn't sure what the company did. So what this deal was supposed to be was GM would get two billion and Meka ls stock paid for with services and various. GM. Parts and components and GM engineer and manufactory manufacturer the manufacturer, the battery and Fuel Cell Versions of Nicholas Badger track. So at that time when they were talking about three weeks ago. which. Feels like a lifetime ago two billion dollars was an eleven percent stake because Nikola at one point, their values over thirty billion, which is larger than Ford and now the market cap is less than seven billion. So that two billion went from an eleven percent stake toe mustard over a twenty percent stake. So it's interesting if they're negotiating different terms, what that will look like going forward because two billion is now a much more sizeable chunk of that company than it was a week or two weeks ago. Yeah I mean just in terms of Nicholas stock three weeks ago on the show we when we were talking about it, it was fifty dollars a share today it's below twenty even with this little bump up. That we're seeing and it just. I want to give the benefit of the doubt Mary Barra the CEO of General Motors and her team. Because she's a very experienced you know for for whatever you think of GM, the company and whatever you think of the stock and from a stock perspective, it has not been a particularly great place to be over the last five to ten years. That being said, she's an experienced professional in this business. So I wanNA give her and her team to benefit of the doubt. I I look at. Everything that is unfolding. And I have the thought that I've had at various points in my life as an investor I look at a either an individual company or just an evolving situation and I just conclude there too many question marks here. There are just there are too many unknowns there too many question marks I kind of want to wait for the dust to settle to see what the new terms are. If the deal actually closes and then see where think shakeout. Yeah I think Nikolas definitely more of a speculative investment since a cart and they haven't actually manufactured car yet but I will say, I, am on the side of I really want them to do. Well, I hope that a deal works out with GM, because I think the future of electric powered vehicles is one that we're moving towards I think it's one that I would like to invest in I. Think Right now betting on them is completely speculative because you have no idea what they can produce but I do think it's important to note that within all of this is shown that there is a. Demand, they had an order for over twenty five, hundred electric garbage trucks from public services they there was an order I over fourteen thousand tracks from Ab Inbev which are planning to use them for long haul deliveries from breweries to distributors. So I think it's important to note that no matter what happens with this company specifically I think this trend is one that's going to have a lot of tailwind. So if I was working at GM and I wanted to be a part of that I, don't think this is a bad option I. Don't think that this deal is necessarily completely a bad idea for GM.
SEC to examine Nikola over short seller's fraud allegations
"We start with some breaking news on Nikola shares they are down in the after hours that follows a big update Bloomberg reporting that the Securities and Exchange Commission will examine Nikola over the short showing fraud allegations stock down seven and a half percent right now guide Your response to that news. Again it probably Brian. Thanks for being here. Again, I can't speak, and I said this last week try to be a little clearer. Now, I can't obviously speak to the veracity of the short soul report accusations of fraud I have no idea what I did say last week, and what I'll stand behind is despite how the GM investment is structured whether they are actually investing money for the deal is structured fact that GM is somehow it linked. Their wagon to Nikola and if these accusations proved to be correct I, think the really deleterious thing could happen in shares of GM based solely on that not because it's just two billion dollars but the in my opinion, the potential for an exponential move based on that and based on the fact that maybe GM potentially didn't do the homework that are the people did that would be my primary concern right now as I look at this entire situation. and Tim to be clear on the story and I know we're GONNA. We're trying to fill up here. Any moment is that you don't Trevor Milton said the other day we're going to basically work with the SEC I wanna be clear according to the Bloomberg report. That's not what this is. This appears that the SEC is now poking into Nikola baby on not on the side of the short seller. But certainly from that angle, this is not some cozy deal between the two going after Hindenburg. No I think ultimately, the the SEC is going to do what they feel is just based upon both again allegations of fraud and actual fraud and investigating what was represented to investors I mean there's there's whether the technology is what it is and guys brought up some important elements of this that I don't I don't think we can know based upon even even if we read that entire report again, this needs to be validated or invalidated. The fact that the company has come out today and said, well, you know we said that it was. That the company was was was was excuse me that the truck was moving as opposed to it was actually individually propelled by our own engine etc I mean you know there's some some really frankly. that. BET semantic hair that's trying to be split here I think is is crazy I mean that doesn't sound good that certainly doesn't sound like something you'd rest. Well, we weren't really you know indicating that we were. We were on our own individual propulsion. So I think you know that doesn't read well. I to me GM the the issue was did this validate some of their fuel cell technology and some of their overall engineering prowess and did the deal makes some sense when you consider that unlike others Nikola was going with an asset light strategy and seeking to at least tap into engineering and we? Capacity that all makes sense. The fact that Jim got this for free was going to be paid seven hundred million dollars for access to some of their technology. I don't think this is necessarily harmful to GM. If this all turn to be a disaster for Nikola I think the fact of the matter is GM is pointing out that they have been in this space for a long time and I, think there's a lot there. Well it Dan Listen. That's the Tim. Actually hit on the one thing in the rebuttal that stuck out to me as well which is yeah. The truck may not have run on its own, but all the parts Kinda worked on their own but together didn't really matter because we're going to pivot to something else. Anyway there's a lot of pivoting going on Nikola and I wonder if investors should just pivot away from the stock because they don't know how this is going to end up. Well I think that's the main point. We just don't know we talked about this on Thursday. The stock was trading about thirty, eight hundred already had a big down day on the day before after that report came out my comment was okay. Well, there was two opportunities, the vet this story and I was a bit Glib about and so I said, you know there probably isn't fraud here. I had a very prominent short seller hit me after the fact on tax and say be careful here this is well documented and devastating I spent some time reading it the rebuttal there was really nothing there from Mykola and I think that's a pretty interesting. Story I'll just make one point and one of the reasons why I made that comment on Thursday I've been in this business for twenty five years. You know if you WANNA create some sort of scheme to rip people off of lots of money doing it in the public eye in front of know financial TV investors who are very well incentivized a sniff it out, and then no shortage of regulatory bodies. It's just not the best place to do it. So that's my first reaction often but who knows here, this seems like a really creepy situation and you know when you don't understand something you just avoid. Yeah, I think that's well setting care and I want to reiterate the news in case audience is just joining us here that the according to Bloomberg is now going to investigate at least sort of at a top level. The allegations of fraud against Nikola made by the short seller doesn't mean they're going to find anything and if they find anything, it may not. Be Serious and it could have some sort of an easy resolution as well. Just because the SEC goes poking around companies doesn't mean there's a negative outcome and I think that's very important to be said but on forget Nikola Karen is there any reason ever invest in the stock of a company where the even sniffing around? Maybe it does create some weird opportunity. Well I guess I point to Tesla the SEC. Sniffing around when they the statements about you know financing secured when when musk wanted to take private for four hundred and twenty dollars a share I guess that would have been one scenario but I agree with the guys on the panel that this particularly this issue of it was whether it was self propelled. We never said it was certainly one could reasonably assume that investors looking at that would think. That trump is going on its own. It just makes you think. All right. What else are they do? They have out there in the market that you know what are they sort of presenting that might not be actually as it appears this is a black eye for GM I'm GonNa Guess that maybe this deal falls apart I think GM I think is one of the guys said they didn't actually up any money it was the putting resources into advancing their. Ev Platform. But this this is a black guy for them. It's bad for them and I'm going to guess that this deal falls apart. We'll very quickly Karen and want to come back to number one on the propulsion sort of issue. Well, let's not forget the Financial Times. Did it's reporting a few days ago that they said they talked to a cameraman who said trump just basically rolled down the hill I think probably all of us that our worst moments of roll down a few hills once in a while after you too many. Let's move aside for that Karen. You think that if this comes out as a worst case scenario could GM's CEO Mary Barra lose her job. That I don't know I, mean imagine it. I. Would think the board probably not delighted by this It it it kind of I mean, maybe they did do their due diligence. Maybe they did know all of the points that were in that extensive short report, which I only read a little bit of to be to be fair did not read the entire thing and that they went through every single thing seemed okay. That's a bit of a stretch for me to believe. So I think the stock had rallied on that on the deal so it would be reasonable to You know I'm going to sell some stock I think. This is a black guy for them and for her and I think she's fantastic but. she is. Go out on religion meeting her and interviewing her and Mary Barra is is a class act all around guy but GM shares are moving on this news not a lot but they are down about one and a half percent and listen Y- again, and there's a lot of if and maybe you don't want to go too much down that rabbit hole you. So adroitly said very much of the top there but it is a difficult situation for GM and its investors when literally a couple of working days after you announce a big deal, basically one full week, you got the SEC poking around the company that you just kind of. GOT INTO THE BOARDROOM WITH Yeah I mean it's concerning again we I and we're all trying to be really careful here because obviously you know none of us know where the trews are and where they're not. But again, I want to emphasize if there's any truth whatsoever. In. Knows Ninety pages of that short sell report I think it's really believe it or not I think it's more of a negative for GM potentially that it is for nickel I know that sounds ridiculous but people will say how could you possibly got into whatever agreement it is whether it's a Deal whether it's just a collaboration thing whatever it is how do you partner up with a potentially something that isn't what they said it is to me that's a really scary notion and I think that's sort of the tail risk that GM is facing right now and obviously you know we're not wishing for this. I think we're just trying to point out what could happen and that sort of our jobs here.
"mary barra" Discussed on Squawk Pod
"The old legacy philosophy where it's like, okay that's all we do is we build cars in the more bill the more we nineteen by GM. They've taken a stance look. We know zero emissions is a huge part of the future of the world and the investors out there the ESPN funds and the other investment groups they're sitting back saying you know what? We're GONNA INVEST A we're to invest in those. And reward those that are willing to completely disrupt supply chain and goes your emission. And that's why Nicholas such an incredible story I mean look the whole world is waiting for us to announce this. It's finally out today, which is a huge relief for us because we can. We can start talking about the full production where where we're going now win unions are going to be delivered. The world knows it is trucks. You know it's it's awesome I I handle the truck just in a couple of months from now so. You know it's not about the next two months art generations all about you entertain me for the next two months but it's not about that. It's about the neck this about the long-term and GM is a perfect partner to be able to build a badger, the trucks coming out, Nicholas building out hydrogen networks I mean we just couldn't be more happy with partnership. It's despite people are rewarded us. It's it's a long term play. It's the. Ability to get in early, and that's what Nicholas is a great relationship one question and kick it over to Becky, which is on the margins for vs this remarried you expect them to grow over time and how profitable could they become given? How how low margins have been thus far? Well, when you look at the margins on electric vehicles, it's all about the battery and that's why the work that we've been doing to create a platform with. The LTM on battery system and we have a whole technology road bat broke map of taking cost out of the battery while increasing the the power. So we're very excited about that roadmap and a partnering like we're doing with Nikola gives us the opportunity to build scale even faster and get those costs down gain the efficiencies. So we definitely envision a world where we're going to have strong merges and our products across the board. Goes just to add a little context of this, this news caught all of us by surprise here Philibeaux rights, and he says that this is a win win for both sides. He says, the GM gets a steak and Nikola and has a customer to use some of its capacity at that Detroit Hamtramck plant the ultimate ultimate ultimate battery system it's developing Nikola doesn't have to pay to set up manufacturing can tap GM's expertise on this, and obviously that's the reaction your seeing in the stock market right now American. You just a little bit of a update about what? You do have going on the Detroit Hamtramck plant, how many customers you have their what sort of capacity you have with the EV right now, we'll right now we're in the process of getting ready to set up the Detroit Hamtramck plant to build the GMC Hummer Ev, and so that's what the focus is. Right now we have announced I haven't announced the total capacity there yet, but it is something that is going to be foundational to our strategy and the team. There is doing great work every day to get ready to be able to launch our first. E R. Beverly Electric Truck. Program on next year Okay Mary and Trevor WanNa. Thank you WANNA. Thank you for joining us on this big end. What may turn out to be quite historic day in the future, both of GM and of nickel, and we appreciate you joining us this morning. Thanks to both of you. And that squad pond for today. Thanks for listening. squawk box is hosted by Joe Kernan Becky quick and Andrew Ross Sorkin together in the spirit of central distance. So beca we keep saying we're all together. It doesn't feel like we're all together What are we? We're alone we're alone together is that it? For lonely together, we we miss each other together and spirit as you said. This whole thing together. Yeah that's still yeah. That's we're loan together. That's a famous alumax I believe it or not the Dave Mason. Album, from long ago but I digress to weekday mornings on CNBC at six am eastern anti get the smartest tapes and analysis from our TV show right into your ears subscribe to Squawk pod wherever you get your podcasts. We'll meet you back here tomorrow..
"mary barra" Discussed on Squawk Pod
"On CNBC Andrew Ross Sorkin along with becky quick and Joe Kernan all three of us together at. Once again as the summer comes to an end and well, this is always when we started sprinting the marathon from natural Christmas. We'll see whether we really are this year because what an unusual year it's been breaking news out of the former suitable sector. Let's get to make. Good Morning. Good Morning Joe Nine. CEO's of some of the largest drug companies in the world announcing they've signed onto what they're calling a historic pledge to uphold the scientific integrity and put safety first as they are developing covid nineteen vaccines. These are basically the front runners in the vaccine race for covid nineteen, all of the companies involved in operation warp speed in addition to Merck Pfizer and its partner biotech Astra Zeneca Madonna GlaxoSmithKline Sanofi Johnson and Johnson and Nova VACs all signing onto this pledge to do essentially four things. They say always make safety and wellbeing of vaccinated people a top priority continue to adhere to high scientific and Ethical Standards Regarding. The conduct of clinical trials and the rigor of their manufacturing process they pledged to submit for approval or emergency use authorization after demonstrating safety and efficacy through phase three clinical studies designed to design and conducted to meet regulatory guidelines through a regulatory authorities like the FDA, and they say to work to ensure sufficient supply and range of vaccine options including those suitable for global access. They say quote we believe this pledge will help ensure public confidence in the rigorous scientific and regulatory process by which covid nineteen vaccines are evaluated and may ultimately approved and guys. This comes as vaccine development is moving at unprecedented speeds and we are hearing about some hesitancy. From folks to believe in the process and to be comfortable taking these vaccines especially as the FDA's leadership has come under question about political influence regarding convalescent plasma and hydroxy chloroquine in a recent change research and CB poll about thirty percent of people said that they either definitely not or probably not take covid nineteen vaccine, and so guys the company is trying to step in here to tell the public, they will keep safety I. Yeah. It's in response to rumors that we'd get an emergency youth authorization for for one of these vaccines before completing. The process there's always pressure on the FDA. obviously in especially with you know we're talking about life and death situations with with some of these drugs to to cut corners and I think they're just you know they're just putting it out there that especially with so many people when. Vaccines are such A. Controversial even before this people, you know what? The Anti Vaccine and everything else and we do remember back with with polio before we knew everything luckily nothing happened but you need to be sure. His longtime ago we know so much more and we know what's in vaccines. We know the scientific basis for how they worked meg. So I, I would be comfortable with. with one of these, the ad no mediated. Vaccine or you know if there's a small stretch of Messenger Aurigny I'll give it a shot I. I'm not overly concerned with with like contamination by some horrific virus that we don't see or something like that. You know make so. A wary public needs to be. Absolutely certain that that. We've. Crossed all the cross the is and cross. The is in dotted the teeth I just wanted to know we are coming up on that and that final stretch and the vaccine development process sort of inconceivably because this only begin in January really. But when we get to the end of October that's when Pfizer is indicating that they may see results about whether they're vaccine works and the FDA has scheduled advisory committee meeting of outside advisers, October twenty second, and so a lot of people are gonNA be looking at that date and saying, are we going to see data and how transparent will this process be So these are nine major drugmakers saying that their first priority is safety and I think this is hugely important not only for building public confidence in. A covert vaccine, but for protecting the sanctity of vaccines in general broader, we've had discussions with Scott gottlieb about this. The reason you don't want to rush through and push something out there that hasn't been thoroughly vetted with a phase three trial is that if there were problems with it, not only would it convince people not to take a Kovin vaccine, but it could undo a lot of the work that's been done with other vaccination programs around the globe I mean Joe. Brought up polio. Well, Jonas salk actually. Vaccinated his children. As some of the very first people testing this out so you know that was something he felt one hundred percent confident with we don't do things that way anymore. But there has been so much that that we have done with vaccinations diseases that we don't even think about anymore because over the last fifty years or so you know they've they've they've kind of gone away up very common This is just important not only for covert vaccination, but for faith in the vaccination system at large. Yeah it's so fragile. Public Health experts are incredibly concerned that a misstep here when vaccines are so important could shake the the fragile confidence in the vaccine system in general, and as you pointed out, it's this terrible irony of vaccines that they have rendered all these terrible diseases sort of non existent, and so we don't appreciate that vaccines did that for us. So there's a lot on the line here. Thank you and a new article in the New Yorker Dr Toga Juande highlights why the United States is lagging behind intesting testing and how he thinks we can solve that problem ahead of the upcoming flu season joining us right now is Dr Tool. Gandhi, he is staff writer for the New Yorker. He's also chairman of haven and a surgeon at Brigham and women's Hospital and Dr One day. It's good to see. It's been a while it's good. See you before we jump into the testing issues that we're facing in this country. Let's talk a little bit about this news these. Nine companies these nine companies that are working on a back seen that have said they are going to make sure that they don't go ahead and file for FDA approval until they have seen results in a phase three study that's a big move and there've been a lot of questions that have been raised recently about the safety and efficacy of these vaccines. If there was some rush some push by the FDA, bring them out earlier than than had been anticipated the the seems like a strong move. What do you.
Nine Pharma CEOs Commit to the “Integrity of the Scientific Process” in COVID-19 Vaccine Trials
"Breaking news out of the former suitable sector. Let's get to make. Good Morning. Good Morning Joe Nine. CEO's of some of the largest drug companies in the world announcing they've signed onto what they're calling a historic pledge to uphold the scientific integrity and put safety first as they are developing covid nineteen vaccines. These are basically the front runners in the vaccine race for covid nineteen, all of the companies involved in operation warp speed in addition to Merck Pfizer and its partner biotech Astra Zeneca Madonna GlaxoSmithKline Sanofi Johnson and Johnson and Nova VACs all signing onto this pledge to do essentially four things. They say always make safety and wellbeing of vaccinated people a top priority continue to adhere to high scientific and Ethical Standards Regarding. The conduct of clinical trials and the rigor of their manufacturing process they pledged to submit for approval or emergency use authorization after demonstrating safety and efficacy through phase three clinical studies designed to design and conducted to meet regulatory guidelines through a regulatory authorities like the FDA, and they say to work to ensure sufficient supply and range of vaccine options including those suitable for global access. They say quote we believe this pledge will help ensure public confidence in the rigorous scientific and regulatory process by which covid nineteen vaccines are evaluated and may ultimately approved and guys. This comes as vaccine development is moving at unprecedented speeds and we are hearing about some hesitancy. From folks to believe in the process and to be comfortable taking these vaccines especially as the FDA's leadership has come under question about political influence regarding convalescent plasma and hydroxy chloroquine in a recent change research and CB poll about thirty percent of people said that they either definitely not or probably not take covid nineteen vaccine, and so guys the company is trying to step in here to tell the public, they will keep safety I. Yeah. It's in response to rumors that we'd get an emergency youth authorization for for one of these vaccines before completing. The process there's always pressure on the FDA. obviously in especially with you know we're talking about life and death situations with with some of these drugs to to cut corners and I think they're just you know they're just putting it out there that especially with so many people when. Vaccines are such A. Controversial even before this people, you know what? The Anti Vaccine and everything else and we do remember back with with polio before we knew everything luckily nothing happened but you need to be sure. His longtime ago we know so much more and we know what's in vaccines. We know the scientific basis for how they worked meg. So I, I would be comfortable with. with one of these, the ad no mediated. Vaccine or you know if there's a small stretch of Messenger Aurigny I'll give it a shot I. I'm not overly concerned with with like contamination by some horrific virus that we don't see or something like that. You know make so. A wary public needs to be. Absolutely certain that that. We've. Crossed all the cross the is and cross. The is in dotted the teeth I just wanted to know we are coming up on that and that final stretch and the vaccine development process sort of inconceivably because this only begin in January really. But when we get to the end of October that's when Pfizer is indicating that they may see results about whether they're vaccine works and the FDA has scheduled advisory committee meeting of outside advisers, October twenty second, and so a lot of people are gonNA be looking at that date and saying, are we going to see data and how transparent will this process be So these are nine major drugmakers saying that their first priority is safety and I think this is hugely important not only for building public confidence in. A covert vaccine, but for protecting the sanctity of vaccines in general broader, we've had discussions with Scott gottlieb about this. The reason you don't want to rush through and push something out there that hasn't been thoroughly vetted with a phase three trial is that if there were problems with it, not only would it convince people not to take a Kovin vaccine, but it could undo a lot of the work that's been done with other vaccination programs around the globe I mean Joe. Brought up polio. Well, Jonas salk actually. Vaccinated his children. As some of the very first people testing this out so you know that was something he felt one hundred percent confident with we don't do things that way anymore. But there has been so much that that we have done with vaccinations diseases that we don't even think about anymore because over the last fifty years or so you know they've they've they've kind of gone away up very common This is just important not only for covert vaccination, but for faith in the vaccination system at large. Yeah it's so fragile. Public Health experts are incredibly concerned that a misstep here when vaccines are so important could shake the the fragile confidence in the vaccine system in general, and as you pointed out, it's this terrible irony of vaccines that they have rendered all these terrible diseases sort of non existent, and so we don't appreciate that vaccines did that for us. So there's a lot on the line here.
"mary barra" Discussed on Squawk Pod
"Entrepreneur and investor Mark Cuban on Sports Post pandemic and tackling white privilege in America. People have got to have difficult conversations right now. We as white people all know people who are raised this, maybe not overtly racist, but you know subtly racist, and when we think people act that way, we have to step in and say something. Those stories plus delivery for president, Putin. It's a four year. It's a chamber. It's a disinfection tunnel. It's Wednesday June seventeenth twenty twenty squad. Right Days after accepting the job as motors CEO in January twenty fourteen Mary, Barra had to confront a crisis that threatens the entire company's future and ignition switch malfunctioned from a decade, prior had resulted in one hundred twenty four deaths and two hundred seventy five injuries bars started a string of recalls. That would ultimately involve more than thirty million vehicles that year she also revamped the company's culture and management process focusing on keyword safety, the first woman to run an American car maker said the experience taught her to be impatient about solving problems and encouraged employees and managers to be transparent. Fast forward to twenty twenty. Mary Barra. Is the word impatient again. General Motors has had a rough spring like most companies forced to close plans for two months to develop safety protocols to deal with the threat of coronavirus. And when the crisis of racial inequality in our cities and our workplaces spilled over into the biggest public demonstrations in decades, Mary Barra wrote to GM, employees, suppliers and dealers, saying that she was impatient and disgusted, with Americans, passive discussions about inequality, the chairman and CEO of General Motors Mary Barra spoke to Joe Kernan Becky Quick Andrew Ross sorkin today on squawk box about all of this as well as about the automakers virtual shareholders meeting yesterday consumers after Corona virus, and how you build an inclusive workplace. Here's Mary. Really going to see you. Thank you for being here. Let's get. Get to be with you today to Becky, thank you. Let's talk a little bit about the year. You have seen so far leading up to the shareholder meeting. You said that this was a tragic year. Can you kind of walk through what you've learned what you've seen? What would? GM has experienced this year? Well? When you think about first pandemic, it started with our operations in China and has moved through the entire world, so we've been experience in that and trying to make sure that we do everything we can to keep our people safe are. As we look at this, we want to make sure we protect lives then livelihoods, and so we've been applying learnings from across the globe to make sure that we can do just that, and so as you look at that, which has had a tremendous impact on our business, as it has many businesses across the globe. And then with the incident dealing with social inequity and racial equity. Clearly. That has been. Hanging and very heavy on all of our hearts, so those are serious issues that we need to look at to from a business perspective, but also doing what's right and making sure that we create an environment for include to be inclusive for everyone, so we have a lot of work that we've outlined, and we're very committed to taking action, not just talking about why things are happening, but what? What are we going to do to be part of the change? Definitely want to talk more about the Justice and equality measures in just a moment, but before we get to that, let's let's talk about some of the things that you mentioned yesterday at the shareholders meeting and leading up to that you had said that by the end of this month. You're really hoping to get GM production levels. Levels back to the pre cova levels That's a tall order considering what you all have been doing in terms of having handle the shutdowns, and then shift to making some of the personal protective equipment that th that people have been using for the cove response to where where are you on that track? Anything that that is is a goal that you're likely to have. Yes, WE I. I have been in eight of our plan. Cy in the United States over the last few weeks. Plan to visit moral being another one of our facilities tomorrow, so the return to work has been going pretty well. We took the time to really train. Everybody on what our safety protocols are, and why they're so important, but then very importantly listened to everybody's concerns in questions and I think. That has allowed us to. Make sure people return with the protocols that with all the work we've done. We believe are safe, but also to give them confidence in the safety, so that has been very very important. We have well over ninety percent of our team. In the United States back and most of North America and so we believe we're on trend for virtually every one of our facilities to be back to the levels. They were producing prior to the impact of covert in this country we. We are also back. as it relates to China cree and other locations around the world. South America is coming back up. It's a little slower because they're at a different point. in the curve as it relates to the coronavirus that create any problems just in terms of your supply chain, the particularly looking at some of the situations in Mexico that we had seen earlier to have. Have you had issues trying to make sure you get everything? You need these cars? We're working through them A. we have a complex global supply chain, so there's always challenges working very closely with local and federal governments in many countries as well as our suppliers, and you know we're on a good path will continue to work through any challenges that we have I think that we can successfully work through those as we progress through the end of the month, and then continue on into third quarter. There've been a lot of questions about consumer demand and I know there are issues. Issues that people worry about their jobs. Worry about what's going to happen next, but then there are probably potentially other buyers who had been out of the market, or maybe never bought a car before who think, wait a second I need a car. I need my own transportation now because I trust public transportation less. What are you starting to see? Some of the car? Dealers actually reopen around the country well we been pleasantly surprised that how how demand has come back and even stage. It didn't drop as low as it had. In other countries in the United States, even during the height of the peak from from an impact perspective, so we're cautiously optimistic. We do see people very interested. In completing much of the transaction online using our shop clicked Dr Tool. We also have many of our dealers. Virtually all of them that have signed up for kind of a clean certification context list delivery, and I think that is giving consumers confidence as well so I think it's too soon to tell but a work cautiously optimistic as we see demand resuming. Where where is demand? Coming up is their pent up demand. People looking to buy trucks. Are they looking to buy cars? What what what have you seen from the consumer? We've seen strength in trucks, and because of the strength of our truck franchise effect that we just have been over the last year and a half wanting all new full size trucks both light duty and heavy duty were right now also launching our full size suv, the the Chevrolet suburban and Tahoe the GMC Yukon and then the Cadillac. Escalade we're very. Encouraged by the fact that demand for full size trucks SUV's has been very strong, and now we're starting to see on. Mid crossovers SUV demand also increase. Just in terms of trying to restart financially, you obviously took some some measures to try and battle the shutdown that you were dealing with during the second quarter. Do you think you've gotten through the worst of the coronavirus? Issues and shut down at this point, or do you worry that there? There are more repercussions to come down the road well I think it's A. It's a very uncertain time. I think when you look back the steps that we've taken over the last five six years to strengthen the company making some the tough decisions and transforming our industry that put us in a much better. Better position as we face this pandemic and right now we're hopeful that will have a a strong recovery, but we're planning multiple scenarios to make sure that the the company were that we're strong from a business perspective, and can whether whatever outcome, but right now we're cautiously optimistic and Mary one thing I want to ask you from a CNBC poll. That's out this morning. Morning. We've been testing people to kind of ask them how they feel about.
"mary barra" Discussed on Next Question with Katie Couric
"You next time..
"mary barra" Discussed on Next Question with Katie Couric
"When Mary Barra became CEO of GM and twenty fourteen. She was not only the first female Co. GM's history she was also the first woman to lead any of the big three. Detroit automakers talk about a glass ceiling, Mary credits her role models for helping her realize that it was hers to smash. I think for me. It starts. I had a phenomenal mother who made me. She just encouraged me from the day. I was born that I and my brother and I. We could do anything we could be anything and if we worked hard, we can make it happen, and so she you know I think having that you know through my life I I always had this belief in myself. and so I think that carried me. Into you know many of the positions leading up to this, and and gave me that confidence because one of the things when I was in this job Actually a daughter of one of our employees Said said to me because you're in this role I now see that I can do this. And I hadn't been again because of my mom. Just you know it was just such an encouraging person. I had I had a really step back and think about that. And that caused me realize I had an extra role to play a national of of championing. Young women because we've, we've done a lotta work. As Katie mentioned earlier from a gender perspective and helping women understand some of the situations, they put themselves in You know I always use the example If there is a posting for a new job, a woman will look at it and say if there's ten requirements and she only has nine of them. She'll be like a bummer where a man will look at and say I've got six of ten I'm GonNa. Go for and what I wanted to. Know don't be mad at them. You go for it because even if you don't get the position, you're going to learn and so. I think when I got to roll. It was something that I very quickly realized. I could play an additional role of really encouraging. Girls and young women, and and being a champion, but also working within the company for that, and then to as we did more work from from bias, you know the everyone has so being able to start talking about that in sharing what we've learned because I have found personally as I realize. Some of the ways I was looking at things were just not right. It really gave me the opportunity. We started having dialogue and conversation about it, and so I think that's been one of the. Things that I think has been powerful within our group, but we also brought. We do a lot of high-performance teamwork. We work with an outside coach to to really help us know ourselves understand our week weaknesses where we can be better. Where are blind spots and I think that were has been important for a now lays the foundation for us to have very important conversations and take the actions. We need to take now at end to hold ourselves accountable, so Mary Let's talk about business I so how the pandemic affected your business, because while all this is going on, it's against the backdrop of a pandemic that has. Laid bare some serious social issues, but I'm just curious. Did you realize early on what is serious problem? This was going to be because you have facilities all over the world including China. Yes and well before we transition and. Be Happy to to talk about that. I would say that the issue we've been discussing I. Do see as a huge business issue. For business to address and be part of the systemic change that we need to make to uphold our responsibilities as citizens and as corporate leader so. That's actually a very good point. This is business. It's not the bottom line it's it's workplace culture, so thank you for which dry wit which drives the bottom line you down. People have traces, and if you don't have a culture of inclusion, and you aren't valuing everyone over time, people can can choose so I just wanted to say that, but as it relates to Kovin. Clearly as as we were in the early part of the year, a late January early February. We started to see the impact on China. you know we? We had to shutter shutter facilities there and a really work and make sure we were doing the right thing for our people and you know reaching out with their suppliers dealers, etc, so. At that point, though was still not clear, if it would have the global reach that now clearly it has as as we did see that happening. We were able to take all of the learnings from China and Ben from Korea and other operations around the globe, and that very much informed what we what? We did when North America. was was impacted, and frankly, then as China came back, everyone was able to come back to work. All the lessons learned informed what we did. So one of the things that has been a silver lining from this tragic pandemic has been. you know I, think in the past. Sometimes we have a a mindset of well. I'm different because I'm in this country. You're on different. It's different here because. And this with this, everybody realized what. They've you know there's people who have experienced with this pandemic at how it impacts the workplace in and work in finances and every aspect of the business in so the the the desire to learn and the outreach across a just general motors I thought was very very powerful is has made us stronger and so it was something very significant, because when you're an automobile company and you stop making vehicles, it's pretty significant, were pretty capital intensive business, and so we had to take dramatic action quickly of and went through a zero based budgeting process to save. Save money to make sure. We're going to be secured with all the unknowns that you've had in in March in April and so we focused on those steps the minute we had to shut her plants down. Though in the United States that there was a team already starting to work of what do we need to do to run and also because we didn't have some essential services, how do we make sure we provide a a safe environment so One of our leaders kinda coined this phrase, but he said I. It's lives than its livelihood. And we're going to focus on lives and make sure we're creating a safe environment, and then we'll focus on livelihood than that of the corporation, and that's what guy has guided us through it. And continues to this day because I think we all sit, not knowing will be will will there be another spike. How will that be handled? How long will it be barriers of You know medical treatments or a vaccine, and so we're we're. A tremendous scenario planning hoping for the best of being prepared for a less optimal outcome, and that's how we're facing up from a business perspective. Do. Find it very impressive that Yes for a business like yours which requires manufacturing which requires you know. Plants and All kinds of operations that must keep going to have to pivot is a really big decision. I think after right after you shut down the North American operations. The team began working with Fintech to manufacture ventilators. That is s a huge decision to make and to to put into action. How did that happen? And how.
"mary barra" Discussed on Next Question with Katie Couric
"She such a trailblazer, such an inspiration in the business world I know you haven't met her, but you know all about her, so take it away bows. Tell us about our guests Mary Barra. Oud Katie I. AM excited I ted and Mary Barra. She is all of my corporate goals. She is the CEO of General Motors one of the Big Three Detroit automakers. GM is one of the largest and historically important companies, so the American economy and I mean talk about male dominated. You can't get more of a swaggering boys club than the car industry that's for sure. And when Mary was appointed bows in two thousand, fourteen, only twenty of the fortune, five hundred cheap exacts were women, and now we're up to thirty seven, which we should note is still impossibly infuriatingly small, but is more. More women take over those executive positions. We really have to thank leaders like Mary Barra absolutely she's incredible, and it was such a pleasure to meet her over zoom and have this meaty wonderful conversation you know. She shared her path to leadership, and how she was able to make such a massive company like GM act nimbly in a time of crisis, but of course we had to start in the here and now we have to talk about this letter. She wrote toward nearly two hundred thousand employees in response to our current racial unrest. To tell you Katie I was I. Mean I'm really really impressed, you know the company letter expressed some fiery sentiments that I really haven't heard seen presented by mini CEO at all and a lot of people. Hopefully, bose will follow suit and I've got a quote from that letter. She says she is impatient and disgusted. By the fact, that is a nation. We seem to be placated by the passive discussion of why we wanted to know where her head was that when she wrote that letter on how she plans on turning those words into action, so we started there. Let's get into. I think. There was this sense of sadness and frustration that I had is I. Learn what was happening and processed it and at a human level. It was just unconscionable of what happened. And I'm an engineer. By degree, and so I I'm a problem solver. You know I think we just became very clear to me. There's been to many others that we can't just talk about why and then you know something else replaces the news cycle in nothing gets done became really important to me that we do something and we find solutions, and we drive for lasting change and I'm really. A week and just passionate about. Really making changes and stop talking, let's start doing. That is that's a that's so true and in refreshing to hear I know that your letter also announced the formation of an advisory board as you said which. Has the intention of making gm a more inclusive company in the world What do you think that the company and perhaps like? Yourself and the others who are leading the company How do you actually get there? How do you make it a more inclusive company? Because that's really the operative word here you know diversity is one thing. Certainly you know we can have people of all types of backgrounds and cultures, ethnicities, etc, but inclusion is what actually makes it. Workable, it's what actually creates success. So what? What is it that you intend to do by this advisory board? Why can't we been talking about for a while? Now that we WANNA have a culture in an environment where everybody can bring their true selves to work, because if you can be your true south, you can be at your best, and so that's been our goal. we recognize we have more work to do and so with the. Inclusion advisory. Board one of the very first things we know we need to do is listen because we don't have all the answers, and so Ashley I'm excited because this evening we have one of our first listening sessions with several members of the senior leader team, and we believe we need to listen. We need to talk. We need to learn together. you know as I said in an no? You know listening and talking will lead to the dialog that will lead to change and so. That's one of the areas we need to work on I'm also personally. Very pleased that I get to be a part of the Bart. Group that is going to work on four areas the area of from a finance perspective, healthcare perspective, education workforce, which is the committee I chair and Ben Criminal Justice because I. do think we need to stomach change, and when you a company like General Motors you know we feel a responsibility to drive change within our environment and what we can do, with our. Our suppliers, so we have a pretty wide footprint by then in addition to working with the business. Roundtable and all of those companies I think together we can. Really we can really start to dismantle. And Change Systems for the better. So again we have much work to do to build on things that we've already done, but we have much more work to do, and we're going to be working both as a company, and then is a collection of companies. It seems to me that we've reached this new era where it's not really okay to stay silent on some of these issues we've seen. Seen People like you Mary speaking out Jeff. bezos basically told the customer from Amazon that if he didn't like it, you know he could lump it and he didn't mind losing him as a customer, which is a real shift for Jeff Bezos, and we see you know people like Ken Frazier. The CEO of Merck saying George Floyd could have been him and. I think that that we're hearing from these corporate leaders in a much more palpable way right now. Why is that so essential? And and what do you make of this real shift in in speaking out? Again when I when I look at General Motors, we've always said we want to be known as a values. Based Company, and so as we have spoken out in the past, it's always been to make sure our employees understood what we believed in what we stood for. As it relates to our values, and I think it is to a tipping point now where it would be inconsistent with our values, not to speak out, and not to work with others and challenge ourselves and challenge others when I when I said in the note we want. Want to be the most inclusive company in the world. I don't want to I. Mean I I want every company to be the most inclusive in the world. Because it's not something we should compete on. It's something we all have to dedicate ourselves to do so I to me. It's values based, and you can't stay silent when something is just fundamentally happening. That is so inconsistent with your values you. You have a responsibility to act, that's. That is quite a radical. Statement? It really is to say that it's not just about General Motors being the most inclusive company in the world that you want every company I I.
"mary barra" Discussed on Back to Biz with Katie and Boz
"To you next time. <Speech_Telephony_Male> <Music> Back <Speech_Music_Male> too busy with Katie <Speech_Male> and bose is a production <Speech_Music_Male> of iheartradio <Speech_Music_Male> and Katie couric <Speech_Music_Male> media. The <Speech_Music_Male> executive producers are <Speech_Music_Male> Katie couric Bozeman, <Speech_Music_Male> Saint John <Speech_Music_Male> <Advertisement> and court inlets. <Speech_Music_Male> <Advertisement> The supervising <Speech_Music_Male> <Advertisement> producer is Lauren <Speech_Music_Male> <Advertisement> Hansen? <Speech_Music_Male> <Advertisement> The associate producers <Speech_Music_Male> <Advertisement> are Derek, clements, <Speech_Music_Male> Elisa <Speech_Music_Male> hostess and Emily <Speech_Music_Male> Pinto <Speech_Music_Male> Editing by Derek. Clements <Speech_Music_Male> <Advertisement> and Lauren Hanson <Speech_Music_Male> <Advertisement> mixing <Speech_Music_Male> <Advertisement> by Derek Clements <Speech_Music_Male> <Advertisement> special. <Speech_Music_Male> <Advertisement> Thanks to Adriana <Speech_Music_Male> <Advertisement> Fazio. <Speech_Music_Male> <Advertisement> For more information <Speech_Music_Male> about today's episode. <Speech_Music_Male> Go to
"mary barra" Discussed on Back to Biz with Katie and Boz
"Immediately and host of the new podcast, good company where we'll talk to some of the smartest minds in media, marketing entertainment intact about how they built their companies from the ground up, or reinvented them from the inside out and how you can do the same. What's really important as we think about purpose, and we think about purpose different brands is you've got to go back to values as a brand listening, subscribe to good company with Michael Castle on the iheartradio APP. Apple podcasts were wherever you get your podcasts. I everyone I'm Katie, couric and I'm Bozeman Saint John and this is back to Biz with Kadian boast. This week, those we have been really exciting and very inspiring gas. She's such a trailblazer, such an inspiration in the business world I. Know You haven't met her, but you know all about her, so take it away. Those tell us about our guests Mary Barra. ooh, Katie. I am excited. Head about Mary, Barra? She is all of my corporate goals. She is the CEO of General Motors one of the Big Three Detroit automakers. Has One of the largest and historically important companies, so the American economy and I mean talk about male dominated. You can't get more of a swaggering boys club than the car industry that's for sure. And when Mary was appointed bows and two thousand fourteen, only twenty of the fortune, five hundred chief execs were women, and now we're up to thirty seven, which we should note is still impossibly infuriatingly small, but is more women. Take over those executive positions. We really have to thank leaders like Mary Barra. Barra absolutely, She's incredible, and it was such a pleasure to meet her over zoom and have this meaty wonderful conversation you know. She shared her path to leadership, and how she was able to make such a massive company like GM act nimbly in a time of crisis, but of course we had to start in the here and now we have to talk about this letter. She wrote toward nearly two hundred thousand employees in response to our current racial unrest. I've to tell you Katie. I was. Really impressed, you know the company let her express some fiery sentiments that I really haven't heard seen presented by mini. CEO's at all and a lot of people. Hopefully, bose will follow suit and I've got a quote from that letter. She says she is impatient and disgusted. By the fact, that is a nation. We seem to be placated by the passive discussion of why we wanted to know where her head was that when she wrote that letter, and how she plans on turning those words into action, so we started there. Yup let's get into it. I think. There was this sense of sadness and frustration that I had as I learned what was happening and processed it and a human level. It was just unconscionable of what happened. And I'm an engineer. By degree and so I, I'm a problem solver. You know I think we just became very clear to me. There's been to many others that we can't just know talk about why and then you know something else replaces the news cycle in nothing gets done became really important to me that we do something that we find solutions, and we drive for lasting change and I'm really A. Week I'm just passionate about. Really making changes in stop talking. Let's start doing. That is that's a that's so true and refreshing to hear I know that your letter also announced the formation of an advisory board. As you said which has the intention of making GM and more inclusive company in the world What do you think that the company and perhaps like? Yourself and the others who are leading the company How do you actually get their account? You make it a more inclusive company. Because that's really the operative word here you're diversity is one thing. Certainly you know, we can have people of all types of backgrounds and cultures MRIs etc.. but inclusion is what actually makes it. Workable. It's what creates the success. So what? What is it that you intend to do by creating this advisory board? Why can't we been talking about for a while? Now that we WANNA have a culture in an environment where everybody can bring their true selves to work, because if you can be your true south, you can be at your best, and so that's been our goal. We recognize. We have more work to do and so with the. Inclusion Advisory Board. One of the first things we know we need to do is listen. Because we don't have all the answers, and so actually I'm excited because this evening we have one of our first listening sessions with several members of the senior leader team, and we believe we need to listen. We need to talk. We need to learn together. you know as I said in in no? You know listening and talking will lead to the dialog that will lead to change and so. That's one of the areas we need to work on I'm also personally very pleased. That I get to be a part of the Bart a group that is going to work on four areas of the area of from a finance perspective, healthcare perspective, education workforce, which is the committee I chair and Ben Criminal Justice because I. do think we need systemic change, and when you a company like General Motors. We feel a responsibility to drive change within our environment and what we can do, with our dealers and our suppliers we, we have a pretty wide footprint, but then in addition to working with the Business Roundtable and all of those companies I think together we can. Really we can really start to dismantle and change. Systems for the better so again. We have much work to do to build on things that we've already done. We have much more work to do, and we're going to be working both as a company, and then as a collection of companies, it seems to me that we've reached this new era where it's not really. To stay silent on some of these issues. We've seen people like you. Mary, speaking out Jeff's. Basically, told the customer from Amazon that if he didn't like it, you know he could lump it and he didn't mind losing him as a customer, which is a real shift for Jeff Bezos and we see you know people like Ken Frazier the CEO of Merck saying George Floyd could have been him and. I think that that we're hearing from these corporate leaders in a much.
Tesla to Suspend U.S. Car Production
"General Motors and that she Mary Barra met with the presidents and discuss reducing ventilator she normally GM production in North America is on pause until at least March thirtieth anyway so C. N. B. C. sources have said the GM would be would be adjusting its equipment but devoting extra factory space to actually make the ventilators now on the tech front Ilan musk he's trying to help as well earlier this week the Tesla and SpaceX CEO tweeted out that he'd he got he that he would conscripted those companies to make ventilators if needed New York mayor bill de Blasio promptly swan dive into Muscat Bucks got mentions on the twitterverse but with the broad business shut down sweeping the globe it's not clear where Tesla and SpaceX would house the ventilator production yesterday Tesla said it was temporarily suspending production at its New York and California plants and if we zoom out and look a little closer this of ventilators are very expensive it makes hospitals reluctant to buy them in bulk if the demand will taper off before long it is only compounding the extreme shortage that according to The Washington Post this
Ford and General Motors announce factory closures due to coronavirus
"In Detroit's three automakers have agreed to close all of their factories Ford GM and fiat Chrysler have bowed to pressure from the United auto workers union they've been pushing for factories to close because work is a fearful of coming into contact with the coronavirus Bloomberg's automated reported Keith Norton says the companies were left with no choice they're people didn't feel safe in the plants very hard to social distance and then assembly line that companies were resistant they finally came to an agreement last night to do some rolling rotating shutdowns but then they woke up to news this morning that Honda was shutting down all of the north American plants for six days now even greater pressure on them so finally in the day to day the Detroit three kind of buckled and said okay we're shutting down until the end of the month and then we'll see how things go from there Honda Malaysia announced it will temporarily close its north American factory he's for about one week starting on Monday well General Motors CEO Mary Barra all said to manufacture hospital ventilation is an older factories closed usually the outbreak this is according to NEC director Larry Kudlow Kudlow said on fox news and auto executive said she may call back workers on a to a chaotic Hey hi I said sorry to make the medical devices needed to crease to trace the critically ill virus patients question on a voluntary basis the civic and patriotic
GM plans to pull out of Australia, New Zealand and Thailand
"GM has plans to put out pull out of Australia New Zealand and Thailand CEO Mary Barra says it's part of a strategy to exit markets that don't produce adequate returns on investments dismaying officials concern over job losses Boris is the auto maker would wind down sales engineering and design operations for its historic Holden brand in Australia and New Zealand in two thousand twenty one it also plans to sell its rayon factory in Thailand to China's great wall motors and withdraw the Chevrolet brand from Thailand by the end of this year so we can focus on markets where it can drive strong
IBM's Ginni Rometty is stepping down as CEO
"In corporate news. IBM says its longtime CEO. Genie is stepping down effective April. Sixth Rometty has served in that role since two thousand and twelve eight years Arvind Krishna. I know it's been tapped as her successor. IBM says remedy will remain executive chairman through the end of the year the stock rising on the news. Oh here's a look at how. IBM shares have performed under remedies tenure. In the eight years but she will have been there through that time under the during that time we could see right there. It's down by about about twenty three percents it's been a a saga and it involved. It involved massive turnaround people like Warren Buffett. Who probably I believe when he was in the stock and I I've had some other people? I guess I won't go into people that all along said look. The revenue is not is not rising zing. And it's not goodbye hit other people and I think Jeff's Asana thought it was gonNA come out and make the case. It was very difficult to position. IBM for the future is in a difficult spot. Somebody said to me you didn't think about it. Initially someone said Oh. Is this a laugh glass cliff situations and I said I don't think so from you know they talk about. Sometimes when women are put in positions of companies how position on fixable position with Yahoo far they wrote articles about Mary Barra being put in this position. GM borrows done very well or this is at the time when she got the job. You would have never known how difficult it was ask. Because their predecessors appeared to be rockstars and yet they really left her holding the bag the whole time was trying to get rid of what she called. The was at the calories Sir revenues revenue that was not profitable and that was not going to be. This isn't even trying to transition like a Microsoft future. which was when did that camera? Nineteen eighty eighty or something this the fifties and sixties in big blue and John Acres and it had had to be repositioned a couple of times. Already Gerstner I had to come in Palmisano. Had to come in and turn it around so I mean have. IBM to even know what it is anymore. How about digital equipment? Anyone remember member digital equipment. How about data general about signed computer? How about what was that? Novell remember the biggest high flier in the world was novell and they're just totally elite. It's been tough and there are some people that think with Whiter. Seren Red Hat. Maybe it's position well for the future so I don't think we can. We can talk. I take away. Yes sharing that in Sonnenfeldt said that's not the first time journal says that's an interesting issue but how to measure her tenure. You're by the way you should. I mean you probably have the same emails than I did. There's so many people in the CEO Community who love her Jamie diamond. Tim Cook I mean the list goes on and on I think talking do. She's on the show. This is round table with Jamie but in terms of measuring her legacy legacy. You're either gonNA say she kept the company alive at a time when it was a real struggle or if you if you have a less generous view she didn't do what you what could have done so counterfactual I mean you really have to think you're in a position to take one of these legacy company that has a mainframe in frame or whatever it was. There's a lot of examples of companies that do something in the old days. They didn't become facebook Google. They didn't become even Microsoft. They didn't try new. Oh companies seem to take that man with guys in the guys in their garage. Just tell del there in the garage and they figure it all out under subtly. It's even better than the previous thing and even have. IBM still around in playing in the cloud as a viable competitor. And I don't know I don't know how to measure.
"mary barra" Discussed on Heartland Newsfeed Radio Network
"Overnight tonight. America wanted to thank Mary Barra always keeping score for us and you know we talked a little bit about her cubs. In the third segment of the program also Scott on the other side of the glass music coming in and out of the breaks the the highlights g get <hes>. I don't do that all by my lonesome so <hes> definitely appreciate appreciate the entire team effort here at speaking of team efforts. David Griffin got a new bill new beginning in New Orleans one quote. I WANNA get out before we get out of here tonight. Lebron is getting all the credit none of the blame and that's not fun for people they don't like being part of that world and I heard tonight on Talkradio callers from around the country talking about how <hes> you know basically he just Kinda got got to go along and ride Lebron's coat-tails. I think that that is far from the case as to the the David Griffin deserves more credit from that and shame on E._S._p._N.. Four nitpicking this article <hes> there was a lot to be found in that but we decided to start social media war with <hes> Bron James. I think that that is just silly and ridiculous became silly and ridiculous. We had a pretend football game that took place <unk> outside the hall of fame. Tom Benson Stadium in Canton Ohio right next to the pro football hall of fame the Broncos Brett Rippin Mark Ribbons kid threw a touchdown pass to <hes> kid name Winfrey from Colorado and that was the end of the game in under ordinary circumstances stances. It was like four thousand fourteen the Falcons would are the broncos would have kicked a field goal in this game would have mercilessly went into overtime <hes> the real species and starts next weekend..
GM, Rita Foley And Mary Barra discussed on AP 24 Hour News
"GM's rolling out a new version of an old favorite. And as AP's Rita Foley reports. It's a little bigger around the mid section. The next generation corvette will you on July eighteenth. What's it look like and how powerful is it? Well, we're going to have to wait for the answers to some of your questions, but we do know this. There's a big change coming to the beloved classic sports car GM confirms the engine is being moved to the area between the rear wheels. And the passenger compartment amid engine design. They call it as relax GM's only released a photo showing CEO Mary Barra. Standing next to a camouflaged,
"mary barra" Discussed on KDWN 720AM
"That are heroic to take this on. And I think it was a cheap foil. Jim wanted to go as far as the quite say that. But basically, what Senator Warren was doing was a foil. I'm not sure who else has joined her crusade on this to attack to fix it guy. Go after Johnstone played all done getting penalties out of the guy who has caused the problem, but not to fix it guy. Thank goodness. She doesn't pick on Mary Barra mistakes of her predecessors at GM right Sloan says in a statement he'll step down from his roles effective immediately retired from the Bank completely June thirtieth. The federal government is charging Facebook with high-tech housing discrimination for allegedly allowing advertisers to systematically, exclude groups such as non-christians immigrants and minorities from seeing ads for houses and apartments. The civil charges filed by the department of housing and urban development could cost the social network millions and penalties. Facebook said it was surprised over the charges saying it's been working with HUD to address its concerns. Republican Texas attorney general Ken Paxton, meanwhile, says he's investigating a decision to. Exclude Chick-fil-A from an airport concession contract over opposition to the fast food chains owners record on LGBT issues. Thursday's announcement comes after the San Antonio city council voted last week to block Chick-fil-A from opening a location in a revamped terminal. Paxton told city council members his office will examine whether the city's action was unlawful he called the discriminatory decision. Based on the religious beliefs of the chains owners American Airlines pilots say passengers should be confident while flying in Boeing's troubled, seven thirty-seven, max jetliner because they're confident are the planes have been grounded since two fatal crashes in recent months, but pilots and also a pilot association expressed cautious optimism this week. Are you going to feel confident? Yes, we will. We were confident flying the aircraft in.
Wells Fargo CEO Tim Sloan steps down amid many scandals
"Wells Fargo chief executive Tim Sloan is stepping down effective immediately. It comes after less than four years on the job. And of course, a wave of scandals a longtime insiders Sloan was chosen to replace outgoing CEO, John Stumpf who resigned after Wells Fargo fraudulently opened millions of accounts to meet sales goals. Jeff Sonnenfeld is the senior associate dean of the Yale school of management. He told CNBC sloan's escape goat who went down because of political pressure and the actions of John stop. It's really unfair Wilson as you know. This is coming right off of that great Warren Buffett endorsement of an hour and ten minutes ago that this I think it was a shock to many. I actually had been in touch with Tim through the weekend. We we're going to have him sit next week at our CEO. Right next to Janet Yellen. In Washington also ask if she wanted to apologize for putting him in this situation with this foolish risk. But this is a company where he's delivered. The best earnings Jim motels and the country's companies hundred and sixty one year history. It's really been incredible any bad news, which has come out the last two years. It was not the office of the controller the currency. They're getting a free ride off of this pilot. You know, champion all these great scandals that Tim was bringing out. He was the one who is turning the rocks over not like John Stomas. His predecessor who was apparently deceiving. Even the board is Kim was the guy who was bringing public. But he's not a backslapping cheerleader charismatic guy. He was a CFO that didn't know that. He was put on earth to be the CEO. He rose to the occasion Lake Mary Barra. Sometimes you get insiders that are heroic to take this on. And I think it was a cheap
GM confirms plans to build new EV, invest $300 million in Michigan plant
"Closure. General Motors announcing plans to four hundred jobs and build a new electric vehicle at a factory north of Detroit. General motors. Ceo, Mary Barra we made this important decision as we evaluated our EV product plans and our US manufacturing capabilities. This new Chevrolet EV is part of a larger strategy to introduce several new battery electric vehicles during the next several years company will spend three hundred million at its plant in
Trump urges GM CEO to reopen or sell Ohio auto plant
"General Motors says answered the president's tweets in which Trump ripped into the automaker for shutting down production at its plant in Lordstown, Ohio. The president tweeted eat as CEO, Mary Barra. To sell the plan or do something quickly accused the automaker of letting down the country. GM then responded by saying the future, the Lordstown plant, and several others will be resolved between the automaker and the United Auto Workers
GM, Mary Barra And General Motors discussed on Joel Riley
"About the General Motors plant here in Ohio closing the president tweeted he spoke to GM CEO Mary Barra to express his disapproval. He said he's upset the plant in Lordstown close. When quote everything else in our country's booming, and quote, he said the plant should be sold or GM should do something
"mary barra" Discussed on CNBC's Fast Money
"What yours we're talking about the company all the time Lockheed Martin, but Maryland Houston's been there since nineteen eighty three university of Alabama went to Columbia business school Harvard Business School, she's been CEO of the company. I think for the last six years if you think about it if anybody were understand government in her in that capacity. It will be somebody in the aerospace defense industry, look at what she's done for that company could some of the deals she's done and sort of look at her background. I think she'd be perfect choice for president states. I like Mary Barra and again the way she's handled GM first of all that's arguably boys clubs. She's been in the middle of one of the most important industries. The world. She's I think been dominant player she's been a free thinker. She's incredibly well educated. She knows how to run a big business eight global reach. She knows to operate in a regulatory environment. She's got an industry that she's had to make some tough decisions about how that decision to go for that are contrary to how they've been successful. Karen, I love both of those two picks mine, of course, would be Jamie diamond, not just because I love Jamie Dimon. But I actually think Jamie diamond is a proven leader in the depths of the absolute worst crisis. We've seen he was so far above everyone else that I think he can work together. When you hear what he does his annual letter. He lays out a lot of things beside just banking, right? And the economy, it's a lot broader than that. It's about what does America need to move forward. And how do we work together to get that to happen? Obviously. I think that the stigma of being a Bank CEO is still there is still something to that. Right. I believe he's democrat would run as a democrat. I think he would be great that banks and. Saying I'm not going to do it. But you never know. Never. That would be my choice, General Dynamics Phoebe Novakovic. The biggest headwind would be pronouncing the last name, but the other you look at the resume. She has a background with the way, the Pentagon office of management management and budget. This is a woman who is steeped in experience. I don't think she likes the limelight. I don't think she would do it. But I think she would make excellent president. All right. Do you not miss former Starbucks you'll Howard Shelton squawk box tomorrow? That's six AM eastern time right here on CNBC coming up apple down more than thirty percent. From recent highs Aguirre's up earnings tomorrow. But after the company's iphone warning earlier this month, at least one trader thinks the worst is behind it. We've got all the details and speaking of earning shockers as more companies spooked the street guy here has three ways to whether the warnings. He will break them down, right?.
"mary barra" Discussed on WJR 760
"And it wasn't with the leadership is the president and rank and file I think that's showing that there's some movement, and hopefully that pretends to a good opportunity even this next week to get it done. Let me. Just say having faced all the congressmen and senators and presidents and all the people I faced over the years of doing this job. I really appreciate how you guys do work together. And that's really what we want. We want things to get done. And if you don't work together, they don't get done. So I wanna thank you both very much. You know, what we're miracles from Michigan who want this country to succeed we want Michigan to succeed tonight tonight about the auto industry succeeding, and we wanna keep this state at the forefront of innovation and technology, which means we gotta work together to get their congresswoman, Debbie Dingle, congressman, Tim Walberg. Thank you. Concur, and Debbie, and I work together significantly. And that's why we've gotten legislation passed we want to continue doing that. And working for the people we're in the people's house, and where with the people tonight doing great work for people that have needs right here in the city of Detroit, a great city that's coming back, and I support strongly. Let's give them a round of applause. They are working and they are getting things done. Thank you guys. Very very much. We really appreciate it. As we continue on this special edition of the ball W Smith show on WJR, thanks to guy. Gordon, who's sneaking out obviously going to some resort somewhere. Guy guy. Gordon, who is started this off at six o'clock in his headed out somewhere fun. I'm sure we appreciate that. And we're very happy to have the president and CEO of Ford Motor Company, Jim Hackett. And this is your wife that likes the explorer. You are too. Kathy, kathy. It's not I don't know that we've met, but it's nice meeting you now, I'm glad to meet you. I'm really on the Jim Hackett fan club. I really am. Goes back to his days as an interim athletic director at my university of Michigan in Ann Arbor. And now he is running Ford Motor Company. And should we start a rumor that Michigan university of Michigan and Ford are going to merge, they're they're both blue. I'm all for all the rumors. We can get tonight. I already put Bill Ford along with Mary Barra and the GM Ford. Yeah. So. You're listening in. Meanwhile, things are going great at fort. They really are Paul W. In fact, we're sitting in North America, right? And our team in North America had a fantastic year. The F-series pick-up truck was dominant in its classic grew. You see the Mustang kind of success? I'm really happy with where we are. We have issues in other parts of the world, but we're addressing them. And this is the year about making stuff happen. Well, you started off nicely here at this show and around this show with the all new explorer, which is spectacular and that Mustang, which I foolishly thought was only seven hundred horsepower. But Bill told me, it's more. He's not supposed to. Because it is more and Kathy Kathy come to the family show. And she said you don't need that. I'm going to get that Mustang. I go now. Will you just say this? If you get the Mustang. I get a new blue explorer. Oh, I want that rat one. I know I was shocked. She saw the she saw the the ST version, and and you know, here I went and she loves the red one. So that's our next car next car. I know somebody I'm sure we can get you one might be able to get one. I wanna brag about you you. You're the hardest working man show business. This is your twentieth. Anniversary from doing the ribbon cutting. I know all about this and Bill said it you work so hard for our city for our state for our country for our company. You're you're a super positive influence. I listen to you every day because you get me up, and what's the phrase live? Atlas positive radio. No. But it's notion about live each day make make each and every day count. Each day is a gift that's spectacular. I have to say that to remind myself as well, Jim I need to I need to remind myself of that because I get down to I do Kathy will tell you. I have tremendous energy. So I was blessed with a optimistic father and mother, so I love these challenges, and but but it's great to be around people like you and our community here tonight. It's such a fabulous turnout and next year is going to be spectacular because we get to do it new. So just just hold on your hat. I think it's going to be fabulous in June of twenty twenty. I hope that Ford and General Motors and FCA and Mercedes and everybody else Audi Porsche, I hope they all come back into the fold in all realize just how important this show is to America. It is. And I've been talking to all of them and they're excited about this too. I think the pivot will help everyone come back, and I I know one German company that's gonna come back. Herbert was here from VW. They wanna they wanna be here next year. So that relationship that you have with them is helpful it's helpful and it's needed. It's a time in the history of the industry where some of these new technologies require sharing the investment because they're big risks. And we can get there faster, and it really doesn't destroy the individuality. You will know Ford is Ford and wwl's VW, but it's a beneficial thing, given the we want the companies would be here long longtime. Jim keep up the good work. It's great following you, Kathy. Finally to meet you. It's so nice seeing you too. I enjoyed this. When you get the red sporty, call me, we'll go to lunch. Thank you. Now. Listen, I have a message for man, you need to take a break. Not yet. Get you some water and you get to sit down and. All right. Jim. Thank you very much. God bless you Kathie. Thank you. Happy new year. Watch your step down there. I'll give you that. And see what we have coming up next. Mark Stewart is here the FCA chief operating officer you friends with Tony Swabi. I am friends with Tony neighbor of Tony's Tony's a great guy couldn't be here tonight. But we're thinking of him. And I think it eventually I don't know if it'll ever really happened. I think it will. We are going to be neighbors. We are four doors down. So they really nice ball. You don't want your yard toilet paper. No. But you know, I'm an available to mow your lawn. So just trying to pick up a few bucks at at the break that works for me. I have the smallest house on the block. But we're really looking forward to it. Because everyone we've met on that street. Wonderful wonderful lovely people some of them been there forever. And some are newbies like us. And we're just looking forward to finally getting over there. So tell me how things are at at FCA. Mark is absolutely fantastic has been six weeks back with the company, and I spent some time at Amazon and just joined FCA. And and I couldn't be happier. Just been blown away with the new products that we've got coming in with with North American truck of the year Motor Trend truck of the year Wrangler as you the year, and it's definitely a bit of a high pressure. I think Mr. mainly has set for me coming into the company, but I am super excited to be a member. So tell me what that's like Amazon, very big very successful company. Are you bringing some of the things that you did it at Amazon to FCA? I hope so. Money. Money's worth, right. But I'm really excited to come in and just learning to the customer obsession. Right. That was what was breached day in and day out and part of our bloodstream and Amazon, and it's really what I wanna bring to us with FCA as well. And the team already has that right? The products with the features of the customers want the new gladiator the fifteen hundred the heavy duty as well. In addition to our other lineups of cars. So I am really excited to do that. I wanna do more as we get closer and closer to our customer and bringing things that they want, and we really want to encourage people to get out to the show as it opens up tomorrow. And check out the new gladiator is a heritage truck. It brings an emotion to you. And it's coming back on the market and at award winning fifteen hundred and the award winning fifteen hundred is amazing. Right. So and then a heavy duty as well. We outta we out power, and it's super luxurious..
"mary barra" Discussed on Motley Fool Money
"There's a new ram heavy duty pickup at a new Chevy Silverado heavy duty pickup, and you can price those puppies. All the way up close to a hundred grand light thing. If you load them up with all the goodies gadget say offer. It was this week five years ago that Mary Barra took over as CEO of General Motors. She's well respected. She has demonstrated that the company she's running is open to in. Innovation trying new things. And yet investors have not been rewarded in five years. The stock is almost exactly down to the penny. Where it was when she took the job. How is Mary Barra regarded in Detroit. Future buyer of Mary bar, Mary Barra. I think she's widely respected and admired notches Detroit. But across the auto industry, she's done a lot of great things for General Motors and help bring that company kind of back from the brink. Right. I think the single biggest issue for GM as it is for Ford and a number of other incumbent automakers is simply this Wall Street, and I use that kind of to denote investors of every stripe. Aren't convinced that these these folks can make that leap across the castle to the future of transportation. Whether we're talking about automated vehicles were electrified vehicles or the types of services that newer companies like Uber and.
"mary barra" Discussed on On Point with Tom Ashbrook | Podcasts
"And the CIA is reportedly extremely confident that NBS was involved, and this part this is partly to do. I don't know what the what the CIA has. But this is also just as curious consumer of news, you could see that. This is partly to do with. The structure of the Saudi system. It's very doubtful in the same way that we know that Putin was almost certainly involved in Russian election meddling sore -tarian systems work because authoritarians have a lot of control over what's going on. And it's just not terribly plausible that, you know, fifteen people very close to the crown prince did this high profile international incident without the crown prince's knowledge or direction having said that I think also what what's happening with the tape specifically and Bolton's little dust up with the journalists there, I think that's a little bit more about optics. It looks very bad. And it looks very in curious of him not to want to listen to the tape. But it's also true that the tape is an Arabic, and he would get the same amount of information from reading a transcript presumably he has done in some ways. I think you're right. Although it might be less the optics than the sounds. I think you're going to hear some blood-curdling things on there that perhaps are just very disturbing to do might make it a little tougher to STAN. By defend some of these thorough -tarian allies that we've had Jack Beatty. You know, the president obviously wants to be able to make his will reality at times, he's lashed out a little bit at GM got clip here that wanna play the president talking to the press about his conversation with General Motors chairman and CEO Mary Barra after the company announced plans to shut an assembly plant in Ohio here. The president says he's pushing her to keep manufacturing in that state. I believe they'll be opening up something else. Whatever I was very tough. I spoke with her when I heard closing that. I said, you know, this country's done a lot for General Motors. You better get back to the show. Hi. And you better get back there soon. So we have a lot of pressure them. You have senators you have a lot of other people. Lot of pressure subject. Beatty presents not the only one shirt Brown. A democratic Senator from Ohio also a criticized at GM severely for taking tax incentives and then. Making these job cuts and at the same time, how appropriate is it for the president to weigh in on the dust. Royal policy is directly as he does. Well, jawboning is not against the law. And it's in president Kennedy Divet with the steel companies. I don't fault the president on that. I mean, we don't we have a kind of mixed system in our country. But while I do falls in one is his tariffs. General Motors said that the cost of his tariffs on China and others have exceeded the benefits of their tax cuts that they got from the big tax Bill last year. Now, the coke brothers of all people just come out with a study saying exactly that is going to happen to American consumers next year. If all of these tariff increases in the president is threatening to double tariffs on half of Chinese exports. If all imports if all of those go into effect by next year that it'll cost the average consumer twenty four hundred dollars and the Tump Trump tax cut was worth about nine hundred dollars. So we're we're facing the tax cuts. I mean, the tariffs are are are hurt General Motors. It wasn't wasn't the. Reason they made this decision, but it wiped out there the the capacity they had to make new investments because they were paying these tariffs. And the same thing may happen to American consumers next year, the that they're t- tax cut will be wiped out by Trump's tariff, increase and worse. The president tweeted yesterday that GM wouldn't be closing their plants, quote, if if tariffs had been placed quote on cars coming in this set off alarm bells in Germany, and Japan, which greatly fear the twenty-five percent tariff that he's threatened on car imports. And a Washington think-tank has said that this would be a huge blow to American consumers, this this these tariffs on imported cars, Kim, you're originally from Detroit when you hear the sound of that layoffs that large from GM, how does it resonate with you? Yeah. I mean, it could be potentially a big problem..
"mary barra" Discussed on Richard Herring's Leicester Square Theatre Podcast
"They go if you win bring out the big guns and that's not thing linka down here okay this so just gone down just never become content david throughs philosophy sways in man right secret was disappointed in this question to him and i should ask c because there's a soul of his nearly a serial killer question if you ask you separately but you can't be together if you want a little clue as to where we're going if you had to be in the human centipede with two other people you're in the middle i'm assuming you know what the human centipede is he would be in front and who would be behind i would have no gallagher for and lame gallagher i thought i would have picked it the other way around no that's the right way oh i was getting my my instant reaction was something really weird i was going to be like well i love my mom and dad a welsh is well fuck calls with the stereotype madonna ship cheap would i have it would alike have shit my mouth that's the question you're asking who would you least not like i said hey would you least hate nice tasting shit it would probably be some mary barra no she's arcot tell you to us.
"mary barra" Discussed on This Week with George Stephanopoulos
"A war on the middle class it is very very sad so in terms of the healthcare we're saying let's follow what syndrome marion senator alexandra are doing the alexandra mary barra way hunting put them in the senate they're trying to find common ground and that should be encouraged and that's one at the white house the same it mulvaney that of the offs management budget saying the president doesn't support that on its own east gonna want some of his priorities in return but what are his priorities building a wall for example you you can't healing obamacare please we'll rip he wants to negotiate and the healthcare bill by repealing the affordable care act and building a wall no what i think that in other words some of the things he did the other day like saying you can buy insurance across state lines that's already in the affordable care act so i'm just saying what are what are his priorities except the priority for many of them is there should be no government roll they they never really the republicans never really supported medicare when it came into being they now say it should wither on the vine this is being a better public rule associated with public with it the good health of the american people and and and what they're doing with their tax plan and with their health bill will hurt but ended in the absence of action by congress isn't the prisoner getting what he wants and repealing by obamacare step by step by step is what he's doing is hurting the american people isn't bad policy and politics about the american people and if he if he is if he wanted to do that why would he hurt people and say now that i've taken the american people hostage let's talk we have a path in the senate demo by partisan path.