DETROIT — General Motors chair and CEO Mary Barra expects U.S. car buyers will eventually embrace EVs, is optimistic about 2023 contract talks with the UAW and has no plan to vacate the chief executive’s spot anytime soon after nine years leading the nation’s largest automaker. In her traditional year-end remarks to the Detroit press,
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 New York. The profit
DETROIT — President Joe Biden, a gearhead with his own vintage Corvette, is showcasing his administration’s efforts to promote electric vehicles during a visit Wednesday to the Detroit auto show. Biden arrived at the massive North American International Auto Show to plug the huge new climate, tax and health care law that offers tax incentives for buying electric vehicles. He
The landmark legislation President Joe Biden is counting on to motivate Americans to vote for Democrats in the upcoming midterm election has put Mary Barra in a somewhat awkward spot. Significant support for automakers making the switch to electric vehicles and major changes to corporate taxation have pitted the automaker Barra leads against the powerful Washington lobby group
