35 Burst results for "Mary Barra"

GM-Nikola Deal in Flux

MarketFoolery

04:28 min | 1 d ago

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.

Nikola General Motors GM Mary Barra Nicholas Badger Flux Maria Ab Inbev Nikolas Chan Meka Ls Nicola Founder Chairman Ford CEO Engineer
SEC to examine Nikola over short seller's fraud allegations

CNBC's Fast Money

09:37 min | 2 weeks ago

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.

GM Nikola Securities And Exchange Commis Fraud Nikola Karen Bloomberg Mary Barra Brian Financial Times TIM Trevor Milton JIM Mykola Donald Trump Musk Partner CEO
GM forms $2 billion partnership with electric-car startup Nikola

Newsradio 950 WWJ 24 Hour News

00:41 sec | 3 weeks ago

GM forms $2 billion partnership with electric-car startup Nikola

"General Motors taking another step toward electric vehicles. A $2 billion deal with electric carmaker Nicola will allow greater use of G M's electric and fuel cell platforms with an eye towards semi truck and commercial vehicle development. GM chair and CEO Mary Barra, telling reporters this morning that there's little chance of stepping on each other's toes. There's room for not only that Nikola Badger, but also the GMC Hummer and the other several the based products that will put into the marketplace from an all evey perspective. For attorney at tuning 11% of the company over to GM. Nicola gets the automakers supply and manufacturing know how to help build their new electric and fuel cell pickups, which are coming out in December. Where is the

Nicola General Motors Nikola Badger GM Mary Barra Hummer G M CEO Attorney
Nine Pharma CEOs Commit to the “Integrity of the Scientific Process” in COVID-19 Vaccine Trials

Squawk Pod

05:26 min | 3 weeks ago

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.

FDA Polio Joe Nine Sanofi Johnson Merck Pfizer Pfizer Jonas Salk Astra Zeneca Madonna Scott Gottlieb CEO Chloroquine Partner
"mary barra" Discussed on Squawk Pod

Squawk Pod

08:20 min | 3 months ago

"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 GM United States China Joe Kernan Becky General Motors Mark Cuban CEO president Putin America chairman and CEO North America South America Mexico Andrew Ross sorkin CNBC Escalade
"mary barra" Discussed on Next Question with Katie Couric

Next Question with Katie Couric

02:27 min | 4 months ago

"mary barra" Discussed on Next Question with Katie Couric

"You next time..

"mary barra" Discussed on Next Question with Katie Couric

Next Question with Katie Couric

08:00 min | 4 months ago

"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.

China GM Mary Barra Mary Detroit Kovin Mary Let CEO Katie Fintech general motors United States North America. Korea
"mary barra" Discussed on Katie Couric

Katie Couric

05:14 min | 4 months ago

"mary barra" Discussed on Katie Couric

"From. Business leaders to make the kind of bold statements that Mary and others were making You know because there's there's GonNa be mixed reaction sometimes. People won't believe you right right that they won't believe you I. Was GonNa ask you Mary. About sort of you know we live in such as Senecal Age and I'm wondering if if if you're worried on behalf of other leaders like yourself that that some will view this as sort of flagrant brand opportunism. You know that they are jumping on the bandwagon that they. That that they're not really that sincere in their commitment and I'm curious how you feel about that. I would say I've I've had the opportunity over the last couple of weeks to talk to a lot of CEO's and. It's real it there. I mean you know it's a it's a deep concern, and from that comes a strong commitment, and so I from every all the CEO's that I've talked to I believe it's it's real, and it's sincere, and they're being very authentic, and I would also say with the the response that I received from the letter we shared at General Motors not only did. We have hundreds? In one day we had almost six hundred responses from our employees on our internal site, but I've had dealers reach out to me. Suppliers reach out to me saying, thank you. We believe in this, too, and we WANNA work with you and so. We expected. There would be some pushback or some negativity and other than some skepticism. Which I think is fair. It is some of our employees, said. Hey, yeah, I hear you i. read what you said I wanna see what you're going to do. And I think that's a very fair response, and that's why we're taking steps with the fund set up the initial donation to the N. w. c. p. in the fact that we're already starting our listeners as it happens to be my first listening sessions there have been other leaders that have already been having. Discussions to to to learn and to also provide a a resource to to their employees, because this is such a difficult time To leaders today and she said you know people are exhausted on this issue so troubling and so so difficult. I'm wondering Mary how much you've learned about how to tackle this challenge through your work on gender equality, G., M. has been consistently recognized as one of the world's leading corporations and establishing gender equality. First of all. How do you get other people to follow suit? And what lessons have you learned from those efforts that could be applied to creating a more diverse and. Inclusive workplace and company. Well I would say one of the big lessons. I learned because as I mentioned. You know there was work going on over twenty years ago. That allowed me to have the chances in the opportunities that. Allowed to be ready in considered for the position. I'm in now. Is the company in the late Alito nine time from his. We went through the bankruptcy I realized as we survived. We had to start again so I think what minds that people have to have is this is never done. This is something of or I guess I look for the day when it doesn't need special focus, but I think we're a long way off. From having leaders very deliberate about creating a diverse groups, diverse opportunities and and you know it really gets to I, would say I'm an engineer and so what I've had to challenge myself to do is. I think I would sometimes pick people like me because I was like okay. Well I know I'll get it done so if I pick someone like me, they'll get it done. And recognizing you get a really narrow slice when you do that, and so we've worked really hard to have our leadership team. Not only have a say, gender race from a diversity perspective, but also experiences other companies and Ben Because that. You know very diverse. Thinking I think is allowed. Allowed us to make better decisions than challenge each other, and so I i. really think that we it's something you have to continually focus and and make sure again. It's a business imperative, just as much as you know wanting our next set of electric vehicles, and that's the mindset that we have to have a net one of the learnings. I had because I think at some point, people said okay well. We got that. We're doing well. It's it's a continual focus. You're listening to back to Biz with Katie and bows, and when we come back Mary Barra on GM's decision to stop making cars and start making ventilators. When Mary Barra became CEO OF GM in two thousand fourteen,.

Mary Barra CEO General Motors GM Alito N. w. c. Katie engineer Ben
"mary barra" Discussed on Next Question with Katie Couric

Next Question with Katie Couric

07:29 min | 4 months ago

"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 General Motors GM CEO advisory board Katie I Katie I. Detroit Jeff. bezos bose Change Systems executive engineer Ashley George Floyd Ken Frazier Merck Ben
"mary barra" Discussed on Katie Couric

Katie Couric

02:00 min | 4 months ago

"mary barra" Discussed on Katie Couric

"This week. Those we have really exciting and very inspiring guests, 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 both. Tell us about our guests Mary Barra. Katie I am excited about 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 those in two thousand, fourteen, only twenty of the fortune, five hundred chief execs. 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 absolutely incredible, and it was such a pleasure to meet her resume, 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. 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 I mean. I'm really really impressed. You know the company letter express some fiery sentiments that I really haven't heard seen presented by mini CEO's at all and. 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.

Mary Barra General Motors Katie I Gm CEO bose DETROIT executive
"mary barra" Discussed on Back to Biz with Katie and Boz

Back to Biz with Katie and Boz

01:50 min | 4 months ago

"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

Back to Biz with Katie and Boz

06:54 min | 4 months ago

"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.

Katie Mary CEO Barra advisory board Mary Barra GM General Motors Michael Castle Jeff Bezos Apple Mary Barra. Bozeman Kadian Advisory Board bose executive Amazon Ken Frazier
Tesla to Suspend U.S. Car Production

Austin's Morning News

01:02 min | 6 months ago

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

General Motors Mary Barra North America GM Ilan Musk Tesla Muscat Bucks New York California The Washington Post C. N. B. C. Spacex CEO Bill De Blasio
Ford and General Motors announce factory closures due to coronavirus

Bloomberg Daybreak: Asia

01:25 min | 7 months ago

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

Executive FOX Director NEC CEO General Motors United Auto Workers Detroit Larry Kudlow Kudlow Mary Barra Honda Malaysia Honda Keith Norton Bloomberg Fiat Chrysler Ford Gm
GM shows 13 electric vehicles as it tries to run with Tesla

10 10 WINS 24 Hour News

00:28 sec | 7 months ago

GM shows 13 electric vehicles as it tries to run with Tesla

"Major new challenge to electric car leader Tesla General Motors announcing it's created a new electric vehicle battery that offers up to four hundred miles of range and will be cheaper to produce than today's batteries CEO Mary Barra says it's part of the company's aggressive plans for electric vehicles electric vehicles will make the world a better place today and for generations to come and we at General Motors plan to play a leading role in creating are zero emissions future Tesla

Tesla General Motors Mary Barra CEO General Motors Tesla
GM plans to pull out of Australia, New Zealand and Thailand

Dennis Prager

00:32 sec | 8 months ago

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

GM Australia New Zealand Mary Barra Boris Australia Thailand China CEO Holden
IBM's Ginni Rometty is stepping down as CEO

Squawk Pod

03:50 min | 8 months ago

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.

IBM Microsoft Executive Chairman Arvind Krishna Warren Buffett Mary Barra CEO Novell Rometty Jamie Tim Cook Ceo Community Jeff GM Palmisano Sonnenfeldt John Acres Yahoo Facebook
GM CEO Barra calls meeting with Trump 'productive and valuable'

Newsradio 950 WWJ 24 Hour News

00:20 sec | 1 year ago

GM CEO Barra calls meeting with Trump 'productive and valuable'

"Three General Motors CEO Mary Barra is at the White House this hour the meeting coming in Mr chilled relationship between GM and president trump Bloomberg says the topics include the GM UAW talks trade in fuel efficiency president trump is expected to attend today's meeting but could be called a way to deal with hurricane

Mary Barra White House GM General Motors CEO President Trump Trump Bloomberg UAW
"mary barra" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

01:40 min | 1 year ago

"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..

David Griffin Lebron broncos Mary Barra football Tom Benson Stadium New Orleans America Canton Ohio Bron James Scott Mark Ribbons Winfrey Falcons Colorado
GM, Mary Barra And Brooke discussed on Newsradio 950 WWJ 24 Hour News

Newsradio 950 WWJ 24 Hour News

00:37 sec | 1 year ago

GM, Mary Barra And Brooke discussed on Newsradio 950 WWJ 24 Hour News

"Brooke there's been a lot of buzz about EV startup Riviera tie up with Ford and their plans to jointly produce an electric pickup truck, and this came after talks between ribian and GM broke off suddenly that prompted CEO, Mary Barra today to say that they do intend to be very competitive in this Mark, and you create an all electric feature. That includes a complete range of e be included. And we will share additional information when competitively appropriate borough speaking. GM posted a two point one billion dollar first quarter profit on the back of very strong pickup

GM Mary Barra Brooke Ford CEO One Billion Dollar
GM, Rita Foley And Mary Barra discussed on AP 24 Hour News

AP 24 Hour News

00:40 sec | 1 year ago

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,

GM Rita Foley Mary Barra CEO
Wells Fargo CEO Tim Sloan steps down amid many scandals

Dr. Daliah

01:45 min | 1 year ago

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

Tim Sloan CEO Wells Fargo Cnbc Sloan John Stumpf KIM Janet Yellen Jeff Sonnenfeld Warren Buffett Lake Mary Barra Yale School Of Management Chief Executive John Stomas Senior Associate Dean Jim Motels John Washington Wilson Sixty One Year Ten Minutes
GM confirms plans to build new EV, invest $300 million in Michigan plant

Dennis Prager

00:30 sec | 1 year ago

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

General Motors Closure. General Motors EV Mary Barra CEO Chevrolet Detroit United States
Trump urges GM CEO to reopen or sell Ohio auto plant

Rush Limbaugh

00:28 sec | 1 year ago

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

President Trump General Motors Mary Barra United Auto Workers Lordstown Donald Trump CEO Ohio
GM, Mary Barra And General Motors discussed on Joel Riley

Joel Riley

00:15 sec | 1 year ago

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

GM Mary Barra General Motors CEO President Trump Ohio Lordstown
Judge gives Musk deadline to respond to SEC's contempt request

MarketFoolery

04:02 min | 1 year ago

Judge gives Musk deadline to respond to SEC's contempt request

"Federal judge to hold musk in contempt of court saying he violated the settlement that he agreed to last year must then took to the Twitter's and road something is broken. That's right. You wanna see some contempt and US district. Judge Allyson Nathan has come out this morning and said you've got until March eleventh explain why you should not be held in contempt of court. He got. I mean, it's all it was about a tweet. And let's take him at his word that he wrote we're gonna produce five hundred thousand cars in two twenty nineteen and then he came back and he corrected. He corrected which as a CEO. I mean, he should know that the first amendment doesn't necessarily apply all the way to him. You have to be careful with what you say that doesn't seem that bad. But what he's gotten is a lifetime achievement award for the other crazy things that that he said, which by the way got the SEC and the court system in, you know, interested in him and his butter public utterings in the first place. Let's be clear if Mary Barra CEO of General Motors had tweeted something about production in twenty nineteen. She probably or maybe not she. But certainly the -versities tweeting as very the legal department of General Motors would get a phone call from the SEC. Hey by. The way don't, but as you said because of must history because and especially because of the settlement agreement last year. That's right. And the in some ways when you're just looking at the stock it's a little. I'm surprised maybe I shouldn't be you. Tell me if you're surprised I'm a little surprised that this is a stock that over the last two years has traded in a relatively tight range. This is stock that has basically been in the range of two hundred fifty dollars a share to three hundred fifty share up in doubt, it's visited many places in between those two points, but pretty quickly. But for the last two years, it's really been in that range. It would be amazing to go back to early twenty seventeen twenty seventeen Chris. Hey, Chris, by the way, not much is going to happen with tesla over the next two years stock the stock or. Yeah. I mean, you would. It is amazing that it has not moved that much. Now it moves so quickly under so many, you know, it has huge expectations built into the stock price now and maybe those expectations. Haven't haven't changed that much based on Ilan mosquee, they're speaking or not speaking on Twitter, but I can't think of another company that is more dependent upon it's CEO or seemingly more dependent upon it CEO than tesla is with Alon mosque, particularly since no other executive seems to stay there. Very long. Right. I think the last time we were talking about tesla. It was because the chief legal officer had left after just two months. Yeah. And I wanna go back to something you said regarding musk and his importance to this business and therefore to the stock because I don't think anyone really thinks that the. Board of directors is going to show him the door. I don't I don't think anyone thinks that's going to happen. Now that said do you think in three years two to three years he still CEO because I don't see the board showing him the door. But I could see him at some point saying, you know, what I don't need this. I got other things I'm interested in and I'm gonna go run my space. It's not going to be up to the board. I think you're exactly right. It will either be up to the SEC or it will be up to Alon musk and both of those. I mean, I think it's unfortunate to say are going to be based on how he chooses to comport himself. In the meantime. It's going to be one to watch

Musk CEO Judge Allyson Nathan SEC Tesla Alon Musk General Motors Twitter United States Lifetime Achievement Award Alon Mosque Chris Mary Barra Chief Legal Officer Ilan Mosquee Executive Two Years Three Years Two Hundred Fifty Dollars
Moving to an Electric Future, GM Zaps the Chevy Volt

Business Wars Daily

04:19 min | 1 year ago

Moving to an Electric Future, GM Zaps the Chevy Volt

"Business wars daily is brought to you by pay pal. When it comes to growing, your business, you need a partner you can trust for today and tomorrow and pay pal processes over ten million payments per day. That's experience you can rely on. Visit pay pal dot com slash growth to set up a free business account today. From wondering, I'm David Brown. And this is business wars daily on this Wednesday, December nineteenth the Chevy volt is going away. Critics loved the plug in hybrid car launched by General Motors, twenty ten and so did many drivers. But despite high marks for performance and design vote never achieved mass appeal the most volts GM ever sold in a single year was in two thousand sixteen when customers purchase twenty five thousand of them. But that number paled in comparison to one of the votes biggest rivals that Toyota Prius, which sold five times as many in two thousand sixteen in part due to the good reputation. Asian cars enjoy the volts low sales volume was a problem because it's very expensive to build with two engines one electric one gas it requires its own assembly line, meaning workers can't substitute other vehicles to adapt. To changing demand. The Wall Street Journal reports that for a while GM lost up to ten thousand dollars on every volt it sold. Ironically, GMC, oh, Mary Barra is shuttering the votes production closing its plant as part of a larger plan to transition GM. You guessed it to more electric and self driving vehicles responding to criticism from auto workers and Donald Trump over plant closures Boris said, it's the right time to invest in innovating for the future. Whether those innovations will draw from Toyota's success with the Prius or from other car makers is unknown BMW recently announced it's investing two hundred million euros to build a flexible assembly line of its own immune IC plant one that can handle cars with a hybrid electric or an internal combustion engine that flexibility could save millions for automakers in the midst of messy transitions to an electric future. That's getting closer and closer. From wondering this is business wars daily. Hey, if you've Audi learning about what's coming down, the road, share business wars daily, your friends and colleagues widget sent an Email or give them a call and tell them how to subscribe and. Thanks, I'm David Brown. See you tomorrow. Business wars daily is brought to you by pay pal when Zeke was a kid spending summers on his grandfather's farm. He knew he wanted to be part of bringing wholesome food to people. He started his artisanal Honey company be raw by creating a network of dozens of beekeepers across the country when he got his Honey into high in national stores, he thought he'd made it, but when he saw his margins decreasing due to distributor fees and seasonal production. Made it difficult to meet retail demands Lee decided to take his products primarily online from the get-go. He featured pay pow prominently on his site because he knew it gave his customers confidence that he was a legitimate business with quality products over the past five years. Pay palace helped him convert more clicks into sales and expand his business. He's grown every year and added new items like t candles and beauty products. So when you're ready to grow your online business. Pay pal can help you turn shoppers into buyers. Visit pay pal dot com slash growth to set up a business account. You can sign up for free today. That's pay pal dot com slash growth.

General Motors Toyota Prius David Brown Zeke LEE Partner The Wall Street Journal Donald Trump GMC Audi Mary Barra BMW Boris Ten Thousand Dollars Five Years
"mary barra" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:52 min | 1 year ago

"mary barra" Discussed on Bloomberg Radio New York

"Valley they laid off three thousand workers already. This would next year. Be another fifteen hundred workers Ryan being is Bloomberg news transportation reporter, he joins us. Now from our Bloomberg ninety nine to one studios in Washington DC and Ryan have the senators convinced Mary Barra to change your mind, doesn't look like it so far Peter you did the senators are really obviously pushing for some clarity from Mary Barra on what can be done with that. Client, can you put another car in obviously, the they want that. But you know after talking with them. Yesterday. And some of the folks from the house who met with Mary Barra. It was pretty clear that she made no such commitment. And she really stressed that look, you know, the fate of the plant and the other plants that are now going to be a WB quote unallocated. Meaning there won't have a product to build next year. The fate of those facilities will sort of hinge on the outcome of talks with the UAW that are going to start up next fall. And what what what I'm sorry one more thing. And what what senators Brown and Portland really wanted to stress was that they wanted GM and the UAW to sort of speed up those talks to at least give workers some certainty about what's going to happen instead of prolong this uncertain period. So then is it all about certainty or is it about being able to put them back to work there? Because it seems like no matter what concessions the union makes if there's nothing to produce. There's no work. No, absolutely. Obviously the goal for the senators the UAW in the workers in the communities there that are affected by this is obviously to keep the jobs there and to keep or to put some new product there, and it's totally unclear right now whether GM will be able to do that. But there is some historical precedent for that happening. GM idled a their plant in spring hill, Tennessee, the former Saturn plant started in the early nineteen nineties they idled in two thousand nine as part of the bankruptcy when they cancelled the Saturn brand. So that plant laid fallow for the next few years, and then in two thousand twelve they started a production again, the resume production building a an SUV for the Chevrolet brand. So it's it's not unprecedented. It could happen. But. GM's meet certainly making no indication that it's likely or that will be easy. How much of this is being driven by the markets by the by the auto markets themselves, and how much is being driven by public policy in policy. And I'm thinking here about potential auto terrorists at GM actually took made a point of trying to make clear that it wasn't due to tariffs. Apparently. I think there was a. My memory's a little hazy. But I seem to recall the president even saying that in a conversation with Mary Barra. She indicated that it was not due to the steel aluminum tariffs that it was in fact, just due to the shifting trends in the auto marketplace. I mean, basically light trucks SUV's crossovers are seeing a continual sales rises, meanwhile, traditional sedan and passenger car sales are plummeting all of the plants that are affected by these closures assemble a sedan of some form, the the key Lordstown plant in the swing state of Ohio bills the Chevrolet Cruze, compact, car, Detroit, Hamtramck builds the Chevy volt plug in hybrid and the Impala, and I think a Buick sedan as well. So these cuts are clearly targeting underperforming, car car lines. These plants have already seen production, reduced shifts eliminated. They're operating below. Hello the capacity utilization rate needed for them to be operated profitably. So GM has that been making clear that this is primarily due to market forces. Then what are we what would we be watching for next at wet the to see whether or not the company in the unions can get together and jump start these talks. Exactly, exactly. I mean, typically these these contract negotiations happen once every four to five years. They you. There are there's a lot of back and forth in which you know, the union may agree to some form of concessions in exchange for a commitment of product allocation at a plant to maintain jobs. That's certainly going to be a key part of the discussions. Okay. All right. Thanks, Brian bean. Bloomberg news transportation reporter. Thank you. Let's get a check of the world latest world and national headlines.

GM Mary Barra Bloomberg UAW reporter Ryan Washington Brian bean Peter spring hill Portland Tennessee Brown Buick president Ohio
"mary barra" Discussed on News Radio 810 WGY

News Radio 810 WGY

04:38 min | 1 year ago

"mary barra" Discussed on News Radio 810 WGY

"Chief executive officer Mary Barra at General Motors says a plan that will save about six billion dollars by laying off fourteen thousand workers and idling five North American factories illustrates the carmakers resolve in the face of industry challenges like higher supply costs and shifting customer. Preferences business editor James Langford at the Washington Examiner says it's a quality GM will need in order to whether the backlash from Washington were employees are better known as voters James explain what happened GM announced does it involve basically idling several plants in North America. Is that you know, employed. Thousands of workers obviously goes against what people in Washington. What is in district strengths like Ohio was particularly affected by these cuts? Notre plant that made Chevy Cruz was just going to be. Laying off workers. And adding to the backlash is the fact that Ohio's kind of a swing state at back and forth or. In the past anyway between Republicans and Democrats. This was a state that Trump won in two thousand sixteen was not necessarily expected to win. That was a bit of a surprise. And he has a couple of times promising that his policies for bringing back factory job. This obviously flies in the face about. The president was quite upset about it posted on Twitter. A number of times Boston GM talking about getting rid of federal subsidies for some of its products and makers of the actually from Ohio also critical of the decision. Understand the white meat for GM sort of plan for the future. But at the same time, they don't want to see by a traditional business involving making cars that haven't. We're speaking with James Langford business editor at the Washington Examiner. He's written a piece entitled Washington backlash tests GM's resolve on factory closings and layoffs. What about going after maybe some of those federal subsidies, reducing them slashing them, cutting them can the president do that kind of thing that the president probably would not be able to do on its own on his own. What is coming into play here as there are subsidies for electric vehicles back a couple of years they were designed to lure American car buyers. If you're willing to buy electric vehicle, and depending on how much the Hickel electric as opposed to gasoline operated. You could get a tax credit of up to seventy five hundred dollars. That was limited to the I two hundred thousand vehicles accompanied sold in the US. Tesla has already passed that level. GM is close to it at last count. They were you know, upward of one hundred ninety thousand David like to extend that for the president. On proposed in the Senate that would do this. It's been bottled up in committee, so far, but you know, with enough pressure from electric lawmakers. There's a chance that could end up moving forward. Has opposition from the president. The divided congress. It'd be hard to get enough to really become a veto. Okay. They can't get Trump's backing, you know, about Bill would be even more trouble. One of the reactions. That's come up a couple of times, you mentioned in your story too. Is this whole idea the tax payers rescued GM right during the recession GM now? Well, you know, making a good bit of money now, obviously, the after the rescue happened the government Donald done some fifty billion dollars in two g under kind of prop it up, and they took a substantial sheriff at stocks for that. They sold stock after about five or six years. So we're talking twenty thirteen or so and. The cost about eleven billion dollars investment. So. Sort of grudge on the part of taxpayers. The part weight lawmakers representing tax payers involving that money and saying, well, it's not gonna keep employing our workers, and maybe they should have to pay this money back. Anytime you have a government bailout. There's an expectation. Realized comedy is going to be kind of immigrants debt and do what it can to believe the economy, help workers, etc. Etc. The same backlash gets banks in the wake of the two thousand eight crisis. The exception that the banks paid back the amount of what the government invested in them. James James Langford business editor at the Washington Examiner. This.

General Motors president Washington Examiner James James Langford GM Ohio business editor Trump Washington James Langford Chief executive officer Mary Barra US North America Notre Senate
"mary barra" Discussed on KOA 850 AM

KOA 850 AM

04:54 min | 1 year ago

"mary barra" Discussed on KOA 850 AM

"Chief executive officer Mary Barra at General Motors says a plan that will save about six billion dollars by laying off fourteen thousand workers and idling five North American factories illustrates the car makers resolve in the face of industry challenges like higher supply costs and shifting customer. Preferences business editor James Langford at the Washington Examiner says it's equality GM will need in order to whether the backlash from Washington were employees are better known as voters James explain GM melts. Does it involve basically idling several plants in North America? That. Employed. Thousands of workers obviously goes to cuts what people Washington, especially when it's in district districts like Ohio was particularly affected by these cuts, but major plant that made Chevy Cruz is going to be laying off workers lawmakers don't like this and added to the backlash is the fact that Ohio's kind of a swing state it back and forth between Republicans and Democrats. This was a state that Trump won in two thousand sixteen was not necessarily expected to win. A that was a bit of a surprise. And he has visited there. A couple of times promising that his policies for bringing back factory jobs. Obviously flies in the face of that the president was quite upset about it posted on Twitter a number of times. Busted GM talk to you about getting rid of federal subsidies for some of its products and makers on both sides of the actually from Ohio also were critical of the decision. Understand the white meat for GMT sort of plan for the future. But at the same time, they don't want to see by Stephen episode a traditional business involving making cars that haven't sold to. Well. Yeah, we're speaking with James Langford business editor at the Washington Examiner. He's written a piece entitled Washington backlash tests GM's resolve on factory closings and layoffs. What about going after maybe some of those federal subsidies, reducing them slashing them, cutting them at the president do that the president probably would not be able to do on its own on his own. What is coming into play here? There are subsidies for electric vehicles date back a couple of years. They were designed to. American car buyers car buyers if you will in to buy these electric vehicle, and depending on how much of the electric as opposed to gasoline operated. You could get a tax credit of up to seventy five hundred dollars. That was the I two hundred thousand vehicles company sold in the US. Tesla has already passed that level is close to it at last count. They weren't you know, one hundred ninety thousand they would like to extend that which is where the president. There's been a Bill proposed in the Senate that would do this. It's been bottled up in committee, so far, but you know, without pressure from electric car makers, there's a chance that could end up moving forward. Has opposition from the president. Especially with the divided congress. It be hard to get enough votes to ROY. Veto. Okay. They can't get Trump's backing about Bill would be in even more trouble. One of the reactions. That's come up a couple of times. And I know you mentioned your story too is missile idea the taxpayers rescued GM right during the recession GM now. Well, GM is making a good bit of money. Now, obviously. The after the rescue happened. The government. Some fifty billion dollars in kind of profit off. And they took a substantial share that stock for that they sold the stock after about five or six years. So we're talking twenty thirteen or so and. Awesome about eleven billion dollars on that investment. So. Sort of grudge on the part of tax payers and on the part of what weight. Makers representing taxpayers involving that money and saying, well, if GM's not gonna, you know, keep employing our workers, and maybe they should have to pay this money back. Anytime you have a government bailout. There's an expectation. Realized company is going to be kind of in debt and do what it can wait. Economy, help workers, etc. Etc. You saw some of the same backlash against spanks in the wake of the two thousand eight inch or crisis. The exception that the banks paid back of what the government invested in them. James James Langford business editor at the Washington Examiner..

GM Washington Examiner James James Langford General Motors president business editor Washington Ohio Trump government James Langford Bill North America Chief executive officer Mary Barra
"mary barra" Discussed on News-Talk 1400 The Patriot

News-Talk 1400 The Patriot

05:38 min | 1 year ago

"mary barra" Discussed on News-Talk 1400 The Patriot

"Welcome back to the town hall review. I'm Hugh Hewitt. What are the key factors in president? Trump's two thousand sixteen election victory was the working class vote for him. Those voters came out in large numbers from what used to be called the rust belt places like Lordstown, Ohio right next to my hometown of Warren, Ohio and Lordstown the primary employer. General Motors were GM's Chevy Cruz. Passenger car is a symbol despite government funding in the billions, maybe close to fifty billion in the form of bailouts and tax incentives. Bankruptcy financing GM just announced closures that will impact nearly fifteen thousand workers and shudder Lordstown is GM lacking in gratefulness to the government, and the citizens the United States, I turned to my friend and colleague it NS NBC business. Reporter Stephanie rule. We start our conversation with a clip from Trump economic adviser. Larry cudlow. I'm Mary Barra yesterday. And we had a lengthy conversation about the lay offs the caused the layoffs. It's a great disappointment. Obviously, the president indicated his own disappointment. He believes as frankly, the prime minister of Canada Trudeau believes that the US NCA deal. It was a great help. To the automobile industry and to auto workers. And by the way, they made those statements separately and yet. GM comes in right after the deal, by the way that deal will be signed in Argentina. With the US and Canadian. So there's great disappointment. There. There's disappointment that it seems like GM would rather build. It's electric cars in China rather than the United States is Larry cudlow voicing. What I believe on Hugh Hewitt in the relief factor dot com studio, but I'm a Homer Lordstown is where I grew up. I know most of the people that worked at that play my entire life. I went to school with their kids there. My teachers would work there in the summer. Stephanie GM got thirteen billion dollars in tarp assistance. They got thirty three billion dollars debtor-in-possession financing. They got a jammed out on their bondholders. And then they put the knife in the back of Lordstown am I right to be angry? You're right to be angry and frustrated, but here's the issue. Government Mary bars job. And I'm not saying she's doing a good job or a bad job. But her job is to optimize the operations of her company is to get as many people to buy jam cars as possible and to do well by shareholders who yes, you would think since they were rescued by the government since they get the amount of support. They do that they got that huge tax cuts. They would be doing better than this and not have cuts that would be damaging devastating to those cities. That's not the case. And when the president gave that massive tax cuts. There wasn't a caveat. You must do this. You must do that isn't working for the company. We are living in a free market. This is what they are allowed to do. Why is responsible for all those people when they go that fast rate in Detroit in nineteen eighty government? He's eminent domain KOMO down house and school. Whole town. So here we are forty years later won't be able to to sell. There will be nothing there whose responsibility is it to fix that. Makes that announcement on the stock goes up, Mary Barra. We don't know what her fate is. But even if she's doing poorly loses her job. We'll get a great package to leave and no pay more money for CEO CEO pay and worker pay has never been greater and that worker is suffering. This flavor capitalism is the perfect example, it ain't working. Well, I generally I believe in the free market, and it raises everyone out of poverty, but if a company becomes dependent upon the government for their survival, and then they turn around and bite the hand that feeds them. Here's what here's how the market will respond. I don't think people will buy GM trucks and SUV's Stephanie. I think they will be mad at GM for closing their signal plant in Lordstown. I think they will simply reject GM products. That is such a horrific decision. Not to recognize the real world consequences like the first man movie, they left the planning of the flag on the moon, the movie tank, if you GM bites the hand that had feted in the crisis. American consumers are going to respond like American consumers. Screw you. And that's right. I just don't know that that GM had had. How much of a choice to make? If those factories are failing. If those cars aren't selling. This is about a scaled business they failed in terms of business strategy. Now, this is the decisions they're making they could have a huge blowback in terms of people who don't want to buy jam vehicles. That's an absolute consequence. But as far as Mary Barra had to do technically she's also load into the government. And she doesn't oh President Trump anything. He's in a bit of the situation because he said in good faith to all those people in car country. You will not have to sell your home. You. We're going to bring us factories back. Unfortunately, realizing he doesn't have control of that. But but GM screwed not just Trump screwed Obama and Bush all that deals with three presidents all of them had deals with GM and GM if that is their level of leadership, then there is no new GM. It's as bad as. A separate conversation is. Should have different management.

GM Stephanie GM United States Lordstown President Trump president Hugh Hewitt Mary Barra Larry cudlow Ohio Trump General Motors Stephanie rule Chevy Warren Reporter
"mary barra" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:48 min | 2 years ago

"mary barra" Discussed on WNYC 93.9 FM

"I'm Sabrina shore in for David Brancaccio. The minimum wage is going up in Arkansas, and Missouri voters there approved increases in Tuesday's elections that makes more than twenty states that have done. So in recent years. Meanwhile, congress has an increase the federal minimum wage and almost a decade. Marketplace's Mary Barra has more up until now it's mostly been blue states passing minimum wage hikes. But on Tuesday to red states passed him to over the next few years, the minimum wage will rise to eleven bucks an hour in Arkansas and twelve in Missouri. The federal minimum wage is still seven twenty five an hour. David Cooper is an analyst at the Economic Policy Institute. I think that as the gap between workers in states that have raised their minimum wage and workers in states that have chosen not to grows it's not gonna put more pressure on congress to do something. But Jared Bernstein at the center on budget and policy priorities says it'll be hard to get a minimum wage hike through a Republican controlled Senate. That doesn't wanna raise labor costs for companies. I wouldn't assume that because there have been all these positive state ballot measures on the minimum wage at the federal government is ready to move. They've resisted that aggressively particularly Republicans last week White House economic adviser Larry cudlow said he didn't think there should be a federal minimum wage at all. I'm maryelle cigar for marketplace. Also on Tuesday, three of the country's most conservative states voted to expand Medicaid, providing health coverage to hundreds of thousands of low income residents. This was a major part of ObamaCare that only eight years ago. These states were refusing to implement has been Bradford looks at what's changed. In two thousand ten protesters filled the grounds of the capital as a democratic.

David Brancaccio congress Arkansas Missouri federal government Economic Policy Institute Jared Bernstein Larry cudlow Mary Barra David Cooper economic adviser Bradford Medicaid White House analyst Senate eight years
"mary barra" Discussed on New Jersey 101.5

New Jersey 101.5

01:33 min | 2 years ago

"mary barra" Discussed on New Jersey 101.5

"So what's the you're not you're talking about yourself right you you didn't use true in the back a woman mary barra oh so many of these on the baseball they're all dale at real thing yeah that's still a big thing among highschoolers oh yeah how whoa what you teacher you could say that yeah your job how won't how long have you been there like what i was going to get at is is it on the increase or is it on the decrease i take it feel about the fame you you see a lot of a cancer cell death but i mean you know it's on the down they're not supposed to be right you know what i'm talking about it in the schools but definitely the kids are still doing that thing because that's what i remember being associated with who's like student athletes it's definitely can't play bond upon or lacrosse through things like that i played baseball of course as a history with true with jeff klaus baseball is is now outlawing the use of it during the games yes so because they don't want you know kids going all of the novel cyclone absolutely right i have no problem with that and you know the law the governor christie signed on his way out the door i really don't have a problem with it banning squoo school rounds chewing tobacco i'm just wondering who the heck still does it anymore that's what i wanna know one eight hundred two.

baseball christie mary barra jeff klaus
"mary barra" Discussed on Angels Radio AM 830

Angels Radio AM 830

02:13 min | 3 years ago

"mary barra" Discussed on Angels Radio AM 830

"Is native to the language so if anything needs a little bit more explanation or a enhancement jorges rape fair to jump e n and i'll give up a little bit more information also we're very fortunate to have him uh because um where hey is now the producer an engineer for all the angel radio broadcast so six months of the year he is on the road with the angels wherever they may be and it is only because it was after baseball season we have the honour of having her here with us so i wanna bring hurry into the show where he this is your first time in puerto vallarta correct visit first time for the way out of there being a native from police coal you know army this is new to me but what an incredible resort in the mary barra resort is going for the way out there so i have to ask you you've had a couple of days very intensive activity is here actually thanks to the marquette an immigrant folks visit puerto vallarta but uh approach on the spot here what his the highlight for you i because we've done some travel we've done some eating we've been involved in a little ecological expedition you know what would have one or two of the highlights thus far i would have to say two things and i are ponta rival is the the the amazing view that is just simply breathtaking you know they're the room were were situated the views are amazing that hill and the food oh my god there's so much food and so much to drink but a heretical and just how everybody here at the marriott is so welcoming amid an amazing experience if you have not visited puerto vallarta well and you know we should say that the warm welcome they received from the staff if an area it's just not because the socalled restaurant show is is visiting the hotel this warmth and hospitality something all staff members extend to old guest again they're amazingly plight i'm sure you've experienced what i have experience you walk mammal hall to your room.

rape producer engineer marquette puerto vallarta mary barra six months
"mary barra" Discussed on This Week with George Stephanopoulos

This Week with George Stephanopoulos

01:51 min | 3 years ago

"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.

alexandra senate white house president congress senator alexandra mary barra