Latest Mary Barra News

GM CEO Barra says electric vehicles to be profitable by 2025

Nov. 17, 2022 19:41 PM EST

General Motors says it expects its portfolio of electric vehicles to turn a profit in North America by 2025 as it boosts battery and assembly plant capacity to build over 1 million EVs per year. CEO Mary Barra used the pledge to kick off the company’s investor day event Thursday in...

GM sidesteps economic headwinds; Q3 profit jumps nearly 37%

Oct. 25, 2022 10:19 AM EDT

DETROIT (AP) — General Motors' third-quarter net profit rose 36.6% as vehicle sales began to rebound from persistent supply chain troubles. The Detroit automaker on Tuesday reported earnings of $3.3 billion from July through September, compared with $2.42 billion a year earlier. ...

GM spending $760M to convert Toledo factory to make EV parts

Sep. 23, 2022 16:17 PM EDT

TOLEDO, Ohio (AP) — General Motors says it will spend $760 million to renovate its transmission factory in Toledo, Ohio, so it can build drive lines for electric vehicles. It's the first GM engine or transmission plant to begin the long transition from internal combustion engines...

Hertz to order up to 175K GM electric vehicles over 5 years

Sep. 20, 2022 14:12 PM EDT

Hertz plans to order up to 175,000 electric vehicles from General Motors over the next five years. The agreement announced Tuesday includes electric vehicle deliveries through 2027 and will include SUVs, pickups and luxury automobiles from Chevrolet, Buick, GMC, Cadillac and...

'Car guy' Biden touts electric vehicles at Detroit auto show

Sep. 14, 2022 18:30 PM EDT

DETROIT (AP) — President Joe Biden, a “car guy” with his own vintage Corvette, showcased his administration's efforts to promote electric vehicles during a visit Wednesday to the Detroit auto show. Biden traveled to the massive North American International Auto Show to plug...

Cheaper electric vehicles coming despite high battery costs

Sep. 08, 2022 09:12 AM EDT

WARREN, Mich. (AP) — Even though battery costs are rising, auto companies are rolling out more affordable electric vehicles that should widen their appeal to a larger group of buyers. The latest came Thursday from General Motors, a Chevrolet Equinox small SUV with a starting price...