Tag: Mary Barra

GM CEO Says ‘We Are Selling Every Truck We Can Build’

DETROIT—General Motors Co. Chief Executive Mary Barra said on Monday the automaker is “selling every truck we can build” and expanding North American truck-building capacity, even as U.S. gasoline prices hit record highs. Barra made her comments during the automaker’s annual shareholder meeting. GM is pursuing a two-track strategy: Investing heavily in electric vehicles for…

Barra: GM Will Make ‘Substantial Shifts’ in Supply Chain Over Chips

WASHINGTON—General Motors Co. Chief Executive Mary Barra said Friday the largest U.S. automaker plans to make changes in its supply chain as it works to address the continuing semiconductor chip crisis that has forced significant production cuts. “We’re going to make some pretty substantial shifts in our supply chain,” Barra said in an online interview….

GM Profit Surges to $2.98 Billion on Sales of Higher-Margin Trucks

Detroit—General Motors’ first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices offset production cuts brought on by a global shortage of computer chips. Despite the semiconductor shortage, GM stuck with full-year pretax earnings guidance of $10 billion to $11 billion issued earlier in the year and said earnings would…