GM’s $280 Billion Bet on EVs | The Circuit
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- čas přidán 30. 04. 2024
- Emily Chang meets General Motors Chief Executive Officer Mary Barra in Detroit for a look at her ambitious plan to transform the veteran automaker into a fast-moving tech company. Barra and Emily visit General Motors’ new design center and discuss the EV race, competing with Elon Musk and China, and how Barra thinks about the future of the automobile industry.
#GM #EVs #Bloomberg
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An interview worthy of a Russian state television station interviewing a Soviet-era Commissar for Industry in say, 1973.
Tell me this is propaganda for GM, without telling me it’s propaganda.
Every news is a propaganda, but u never complaint. Now , why so much against gm ¿
DEAD MONEY FOREVER
@@jashanvirsingh2166 Sounds like you have stocks in GM.
Bloomberg is all about propaganda for that matter
@@ensteffo no , im just revealing facts .
And once again, GM proves themselves as a marketing company rather than an EV manufacturer.
how so? Mary lead the EV revolution. you can ask our dear president Biden.
Yeshiva Beth Yehudah’s Annual Dinner, Oct. 24, Will Honor GM’s Mary Barra
Rabbi Shragie Myers, executive director of the Yeshiva, said the dinner showcases the partnership between private philanthropists, business and community leaders.
Nuff said. Quota filled
Their portfolio is one of the broadest in the North America unlike Tesla who only sells a few models and is more like Red Bull, a marketing company that sells a energy drink.
DEAD MONEY FOREVER
@@normt430 There is no point in having a broad portfolio if your vehicles under perform and no one buys them.
Tesla has less models but their Tesla Model Y was the best selling car in the world in 2023. The world has spoken with their cash and no amount of CZcams comments will ever change that.
GM sold 2,093 Hummer EV in 2023, and Mary Barra has the audacity to act like it's a victory lap 🤣
It only takes 48 hours to charge.
No one wants EVs in 2024, so did it really matter how many GM made?
She is a joke.
It's not necessarily a bad move, if they can build on the experience to create better (and more affordable) EV's in the future.
Meanwhile over 5000 Cybertrucks were made in 5 months.
When you believe your own BS you are doomed.
Elon Musk proved it. After fooling people for so many years to pretend to be a liberal and getting the subsidy from CA, he came out of the closet.
😂😂😂😂😂 fact
No, GM has to the end of the year to overtake Tesla.
@@shepherdsknoll It helps that Elon has Tesla in reverse.
@@steven4315 , no, Tesla will sell close to 2M cars this year, the energy Megapacks are ramping exponentially and FSD is making leaps - don’t believe the negative hype in the news.
GM sold 75k EVs in 2023, A MILLION in 2025? yeah...
Impossible🤣🤣😂😂😂😂😂😂🤣🤣🤣🤣🤣🤣🤣😂😂😂😂
Tesla sold 75k EVs in 2017 and 376k in 2019. GM knows how to manufacture. It’s 100% possible.
She just forgot to say most of it will be in Chyna.
@@sabathrodriguez No it is not possible. Tesla has bought all available batteries. Ford and GM don't even get the scraps.
Кому они нужны , куда ехать?
Yet, she took the Department of Energy money, cancelled the Bolt, cancelled the factories and used the taxpayer dollars for a buyback.
Her actions speak so loudly that I cannot hear her words.
And Elon just took millions and fired the entire supercharger team. Whats your point?
@@USNEM millions. The Biden DoE has given 27 billion to the big 3 already. 2 billion in grants for “labor negotiations”. They literally gave them money to fight the unions.
Gooberment Motors
Tesla builds superchargers for significantly less than all competitors so the government would actually save significant money if they only gave grants to Tesla superchargers.
Why warren Buffett dumped all the GM Stock? That's the question to ask
He mentioned all their obligations to retirees. They are in the books - old promises which have to be payed now. Money they can’t give to their stockholders.
Look at the stock price then ask yourself the same question. There is no reason GM stock isn’t much higher. Buffet has stockholders, too.
Probably the same reason he never bought Tesla.
@@jmarxful All auto stocks are a gamble right now. Sometimes you win, sometimes you loose. Don't bet on GM in the short term.
Buffett is also dumping building companies in the midst of a building boom, although to be fair a lot of those are single family home builders who are experiencing a bit of a slump.
GM : 1 Million EV cars by 2025
Tesla : ok
Tesla production and sales are falling you know that??
@@gleitsonSalles at least they had sales to compare themselves.. lol
@@gleitsonSalles GM sales were also down for Q1, did you know that? Car sales go down when the economy is bad, did you know? Tesla production was down in Q1 YOY due to the ramp of the updated Model 3, and factory shutdowns resulting from shipping diversions caused by the Red Sea conflict and an arson attack at Gigafactory Berlin, did you know? What's GM's excuse? Oh... it's because GM's cars aren't selling, and they're losing money on every EV they sell. Tesla is the only US manufacturer that makes a profit from EVs.
@@watchyoursix8841 Yes, and Tesla is still on track to make 2 million cars a year. What's GM's target again?
@@gleitsonSalles i couldn't agree more, and i also need you to acknowledge that TESLA is still a profitable company with positive balance? how about GM? they are billions in debt
Can't wait for the $25k Hummer 👍
My last hummer cost me $75.00
@@sblock1111 from ToysRuS?
There is a 25k hummer. It's a Hummer golf cart.
This whole video is to save the stock price. Ultimately, GM doesn't have the risk appetite to deliver and commit to affordable EVs. Some are still waiting on that base trim Equinox EV
“All in” on EVs, while I’m getting GM ads for their ICE cars 🙄
A very expensive new building filled with concept mockups lol. It’s all about appearances and attempting to control perception. No substance. All smoke and mirrors.
Looks very old fashioned to me ... for example, every single car in that building has a steering wheel .... why?
A new design building "filled with concept mockups" . Why would concept mockups be in a design building ? I wonder.
GM will sell 9 different EVs in 2025. The key is how many of each.
What GM is going to do is have EVs in all of their nameplates at different prices and markets. Cadillac and Chevy are rapidly getting there. So is GMC. Buick is going to be a bit later. If this approach works, the future is theirs. The Japanese and Europeans are lagging behind. Tesla fails to keep up with the current generation of EVs and has never had the interiors or overall quality. Mary makes sense and is easy to understand while Elon gets crazier all of the time.
@@midnight4109 Tell me you've never driven a Tesla without saying you've never driven a Tesla
Mary Bara truly is the Pioneer of EVs. Who is this Elon Musk guy .... On a related note: When is the next GM Bailout planned?
Perfect sarcasm. :)
That's a $30m a year smile. I have invested in gm for 10 years. And it's gone up less than inflation
She worked hard to get to where she is now.
The dividends are worth
Why hold the stock for 10 years when it's performance is mediocre?
@@gleitsonSalles No they're not, the dividend yield is only 1%. You'd be far better off buy the VOO or SPY ETFs.
Just sell and buy and S&P 500 or global equity ETF.
My top priority is safety, which is why I have a huge golden parachute!
" HARD WORK BEATS TALENT IF TALENT DOESN'T WORK HARD" .. - Son of GM CEO Ms. Mary Barra
Most people don’t understand how hard it is to build software. Even the people who are leaders in software industry struggle with it everyday. You can’t design it, you can’t prototype it, it’s continuously evolving, hard to maintain, becomes obsolete in matter of months.
With the amount of software in future cars, very hard for companies to survive who aren’t software engineering as core competency.
Tesla is leaps and bounds ahead of these dinosaurs. But atleast they are trying so A for effort!
Then there's the resources problem.
The "Design Center" referenced is a large addition to the 1950s original on the campus of the General Motors Technical Center in Warren Michigan. That space was previously a parking lot for employees. Originally the space was used as a backdrop for publicity photography for new cars... with light poles and manicured trees in an almost courtyard setting. The 1950s through 1970s era was GM's pinnacle of design leadership. Numerous classic vehicles were produced such as the Tri-Five Chevrolets, 1961 Impala, 1963 Riviera, 1963 Corvette, 1965 Coupe deVille, 1967 Camaro, 1971 Grand Prix, 1976 Seville, 1979 Riviera, etc. Then GM design went downhill in the 1980s and 1990s with the 1984 Deville, 1986 Eldorado, 1990 Lumina, 1992 Caprice Classic, "Dustbuster" minivans, Pontiac Aztek, etc. ...vehicles openly mocked for bad design. Mary Barra has turned around GM and made it profitable on a per unit basis... and she wisely dumped the money losing Opel, Vauxhall, and Holden brands. But the result now is a much smaller share of the American market...from once over 40 percent to approximately 16 percent.
How big is the American market now compared to from back in the day?
I have an Equinox EV coming and have had a bolt for 2 years. I love the Bolt EUV and hope the Equinox is even better. It has the feel of a regular car that meets all my expectations.
My dad just got a $15k Tesla model 3, and it looks and feels OUT OF THIS WORLD.
Oh yeah and they're not going bankrupt loll.
My first car was a chevy truck and I LOVED it, sad to see where things have gone..
Emily wound up and hurled a handful of cotton ball questions at Mary with all her might. Mary responded to her brutal attack without flinching at all.
Mary has been incredibly effective. I trust her more than other CEOs. She represents the future of EVs like Elon represented the beginning.
An empty suit singing Swift - that sums up the gigantic GM leadership hole perfectly.
"Shares of General Motors opened for trading at $39.63 on the day Barra took over as the CEO of the company.
An investment in the company at the time would represent a return of 21.3%.
For comparison, the SPDR S&P 500 ETF (NYSE: SPY), which tracks the S&P 500 Index, returned 176.1% over the same time period.
Tesla has been the leader in electric vehicle production in the U.S. and its shareholders have been rewarded. The same $1,000 invested in Tesla on the day Barra took over as the CEO of GM would be worth $22,674.25 today. This represents a return of 2,167.4%.
ouch, painful indeed.
I bought a 2017 Volt PHEV and it has been the best car I've ever owned. I still get up to 55 miles of EV range of city driving. And I buy gas around two time per year. It's very low maintenance also, for example, I have not changed the brake pads yet. They are not used most of the time while braking, since I use the regen brake paddle. Too bad it got discontinued, otherwise I would buy a new one again. Best car ever for this senior citizen!
Yuck, what a sappy (I can’t call it an interview) thing
They just don’t have the battery supply chain needed to build EV. Also exterior design doesn’t matter much compared to interior function.
The are losing huge amounts of money.
They invested in Lithium Americas in 2023 what kind of supply chain issues are you talking about? They have 3 battery plants 1 is operational and 2 are under construction.
They could give Eveready a call.
@@OneManOnFire Ald also, they have the deal with LGchem
@@OneManOnFireMost of the battery resources are controlled by Chyna.
The media treating GM as if they had any relevance in the EV transition..😂
GM is the only one offering a new EV for under $20k (after the $7,500 Federal EV credit) outside of China with the Bolt, which is coming back next year after retooling for the new Ultium platform ⚡️
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.
How
..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
Thanks to Mrs Maria Davis.
YES!!! That's exactly her name (Deborah Davis) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺
Tell Mary Barra to bring back the Bolt EUV. 😇
they're bringing back the Bolt next year after retooling for the new Ultium platform
Ev is the future and friendly reminder gas prices are edging up again . OPEC depends on you the consumer so they will lobby to maintain status quo . Ev’s is our leverage against greed from oil companies.
Sure, soon who is going to beef up the grid for all the added charging stations. How are you stopping the NIMBY protestors for all the new nuke, coal, natural gas he'll even solar or wind plants that will require?
Chevy Volt is the best car ever made. I have 2 of them. A 2013 and a 2017. Both have done over 125,000 miles. Hardly any maintenance. Pity they stopped it
Drove a Toyota Hybrid as a rental last year for two weeks. I was sold on it. If I had a second car perhaps I would go EV but I only have one vehicle that I depend on for everything. Not that comfortable with the range and availability of charging stations yet.
Genuine question: How many miles do you need to drive in a single day (excluding a once a year event)?
Well I would certainly wait until at least 2025, when virtually every major car company is switching to the Tesla charging standard.
Fourteen months commuting in my '23 Bolt euv Lt; it's saved me a bunch of money, and has had zero problems. Orion assembly did a great job.
Wait 6 months.
@@JensSchraeder What would there be to change? The cabin air filter?
The important bits were made in Korea .
@@JensSchraeder Wait 6 months for what exactly? I've had my 2022 Bolt EUV Premier for two years exactly, as of today actually. It's been the best car I've owned, and I've owned every brand of GM over the years, including a 2 year old CTS. We also have a 5 year old Volt and that has also been a rock solid car. So what, exactly, are we "waiting" for?
As far as I'm concerned, the only thing we're waiting for is for all of the misinformation out there and FUD to be ignored because that's just what it is. Misinformation! GM's EV's are GREAT vehicles and I'm looking forward to what is to come.
Ok @9:30 GM bought the pat. For Li-ion cells. And made sure they were only lic. for small electric consumer devices. Effectively trying to crush the EV car development. A real shot in the gut to EV progress. Why was this not talked about?
They actually did not do that. They eventually sold the patent to someone else who did that, but that was after it had been decided by regulators and the market that EVs were not viable anymore.
Oh the heavier weaker shorter lived batteries. Nice, well enjoy replacing them in 5 - 10 years depending on cold and supercharcging them.
Fine dinning at one of Detroit’s best restaurants as Rome burns.
Love Laura
2023 Lightning Pro owner.....don't hesitate to go forward. My power bill went up $25 per month, my gasoline bill......zero
... And your insurance?
I get a funny feeling that 60 minutes is behind this whole thing.
Is Bloomberg not the PR division of GM?
Tell Mary we need sunshades in the glass roof EVs. The UV tint won’t cut it here in the Southwest.
I dare for GM CEO to have a conversation with Scotty Kilmer
8:07 The biggest reason for safety is so we won't feel bad if someone dies. Pain and suffering of the victim and their family are lesser details.
I'm no GM fan, but there's at least some design and soul in contrast to the Cybertruck.
Finally, a hard hitting interview of CEO Mary Barra that puts her on the spot!😮
Is Bloomberg an investor in GM?
They are a trading platform that uses media to manipulate for trades.
from over 40% market share to les than 15%. she talks about the cost as they push SUVs and trucks close the $100k.
GM don’t even have $280 billions , which bank would lend such a sum to them ?
Maybe the architecture of the dealerships needs a complete re-Do. Consumers don’t get to see the design center on a daily basis, but they do get to to see their local dealership every day on their way to work. In order to change GMs image I think the dealership network needs complete reinvention, both from a design point of view And from a modern approach.
I've never owned a new American car, and in my search for a replacement vehicle I've driven several EVs in the last few weeks. The Blazer EV is the one I can't get out of my head. I had avoided it due to the somewhat overt styling elements inside and out (which I'm getting used to). But the content for the money and materials quality as well as the control layout really impressed, as did the strong AC front and back, and the solid, refined feel of the car on the road. I drove the base 288 hp, 279 mi range model. This is the first American-branded car I've considered in years (not counting the occasional thoughts of an F-150 that I really don't need). Great car.
One of my supervisors has the non EV Blazer. All I hear is they love it.
If you like it, I would get it. GM seems to really be sorting out some of the quality issues that plagued them in their past and they really seem to have a much brighter future ahead.
I currently drive a new American car and I absolutely love it. it's a 2024 Acura Integra Type S. It has 60% U.S. and Canadian content and is assembled in Marysville Ohio.
Chang is the best. She knows how to engage the guest, asking uncomfortable but pertinent questions when necessary.
I respect a CEO with a long career inside the company and coming from factory work
Many years ago my shares ofGM disappeared when they have reversed stock split. It ate all my shares of GM. I can't forget what GM has done to me
All my shares disappeared.
The AV market is a potential Trillion $ market for the winners. I'm glad to see Mary and the team going for it.
Despite the evidence 'full speed ahead'? I disagree with that and don't think it will work.
They're still building oversized cars that use just as much energy as the old cars. Just now the energy will be electricity generated largely by burning fossil fuels rather than gasoline burned in the oversized ICE vehicles.
I don’t get why GM cars brake pedals are so much higher compared to other car manufacturers.
When I think GM. I think quality sacrificed for quarterly bonuses.
3:24 "Google changed the game with autonomous driving"
Ok 🤣
"GM is up like 12% in the last ten years” - Lots of reasons for that, from overseas markets being unprofitable, to losing money on sedans and compacts for 25 years in a diminishing market, to poor reliability in comparison to Japanese vehicles long ago. Can’t pay UAW workers what should be because $120 billion of debt from the last 40 years. “We’ll go bankrupt…” , yeah because of poor design decisions and quality perception from 1996.
I’ll give Mary a break on all of this - she wasn’t making the decisions that led to all of this, and I respect her for recognizing what GM needs to do to turn it around.
The buybacks are some evil greed type stuff tho, Mary.
So, anyway I look forward to see the new revolutionary vehicle designs and bold moves that’ll make Sandy Munro smile.
Move on from the mistakes of the past, like 96 Chevy Blazer, and Lumina or 2002 Monte Carlo or Impala, or the Avalanche - I guess GM isn’t making any sedans anymore but what I’m saying is choose better visually appealing designs, (the new Colorado looks nice) better handling and suspension (teslas doing it) we all want to see GM thrive, you can do it Mary.
Buybacks are not evil, not sure where you heard that
@@Nick-gj6je
1. yes, they are
2. didn't hear it anywhere
3. with the one exception being guarding against acquisition, share buybacks are using company profits to prop up share price short term and add nothing of value. Spend that money on R&D, capitalcapital expenditures, pay off debt
They said in the interview, they put her in place to be the face of GM for the beginning of its demise as it faced it largest recall and they needed her to go give a testimony.
@@nickwulf why are you against buybacks?
"my dad brought home cars sometimes'...a rambler? that says a lot about GM huh? LOL
I crashed my Toyota Echo.
It may seem like that has nothing to do with GM or its future, but if Mary and her team don't keep in mind their role in the car market as a whole, they're going to have a tough time in the future. They need to improve their affordability and quality, so that they can have a strong used car market that advertises for their new cars. A strong used car market is what makes Toyota, Honda, and Subaru so successful. The car segment is shrinking every year because GM and Ford decided to focus on crossovers, trucks and SUVs instead. It's only a matter of time before people are no longer able to find an affordable proper car for their daily needs.
it's a cost issue for everyone, people aren't willing to pay $20k more for EV, when a hybrid does 95% of the job, until the price comes down enough, this will continue to be a problem, the automakers need to figure that out
@@danielzhang1916 The average sale price of a car in the US is over $47K. Some Tesla Model 3 and Model Y are below the average sale price, before the $7,500 rebate. Tesla has already figured it out, since Tesla is the only US manufacturer making a profit from EV sales. Tesla even opened up their patents so that other car manufacturers can use them to accelerate EV manufacturing to lower costs, but US manufacturers have not followed.
“Hard work beats talent if talent does not work hard” ❤
Now do Tesla, by far the US EV leader
Bloomberg hates Tesla and its leader Elon Musk. Bloomberg has a section called Elon, Inc. to troll both along with Space X!😊
Just bought a 2018 Chevy Volt, these cars are so underrated, GM need to bring it back, it is a great car.
Sadly China has a new plug in hybrid Equinox
I own a 1976 Chevy Nova even now it rarely breaks and I can fix most things myself with cheap parts. 1 ecu failure for you buys me a whole rebuild engine or transmission.
Mary Mis-Led 😕
This is a paid for advertisement for GM, and it's a cover up for their lies back in 2020 when they said they'll be EV leaders in 2023.
GM also said that they'd catch up to Tesla and manufacture 1M EVs annually by 2025. GM thought Tesla would be standing still, but Tesla produced 1.84M in 2023. GM sold less than 17K EV in Q1 2024, and they're cutting back on production. I'll be surprised if GM even produces 100K EVs in 2025, let alone 1M.
Compare the Price/Earnings ratio for GM (5.48) vs Tesla's (46.34) and then wonder why the market thinks they are in different businesses.
Because Elon Musk lies! It's like Bernie Madoff. Before Madoff was caught, everybody thought he was a genius. Is it the same for Musk?
As cars approach an average new car price of $45,000 many have gone back to cheaper less than $30,000 gas sedans from Toyota, Nissan, and Honda. Big 3 stopped making sedans as not profitable.
Ford and Chevrolet now have non-sedan products costing well under $30,000 MSRP + Destination Fee, notably the new Chevrolet Trax and the Ford Maverick, among others. Meanwhile, the new Camry starts at $30,000 MSRP, the Accord is getting more expensive, and Nissan is not notorious for making vehicles that are necessarily both nice _and_ affordable _and_ reliable all at once the way that people seem to be suggesting some of the nicer American Vehicles increasingly are.
I live with my 19 year old son. Last year we bought a 2015 Chevy Cruze for him and a 2015 Nissan Leaf for me. Both vehicles cost $8500. It would be great to have an EV like that Cruze in terms of size with a range of 250 miles. And have it sell for under $35K.
Now that's something I'd buy. I had a Honda Civic Hatchback. Loved that car. Missed the designs and feel. I would've tried out the Chevy Cruze if they'd kept producing them still. Maybe they'll come out with an EV someday.
We just got a '22 Leaf for our 19-year-old and she loves it. $13.6K and it drives great. In fact I want one for myself. She's in college but lives at home, so I do take it out for a spin occasionally.
@@ChickensAndGardening I love the appearance of the Leaf after the 2018 model refresh. It looks like a normal car with sharp lines.
ICE vehicle prices are outrageous because GM, Ford & Stellantis can't manufacture EVs at a price the vast majority of Americans can afford... they're subsidizing EV production with ICE profits to the burden of the American consumer. Well done Mary.
5:32 Yes. Exactly my feeling.
Shouldn’t they figure out how to build the cars now without recall before moving on to evs.
It sounds like you are just anti-EV in general.
I'm ordering a Tesla Model 3 Highland from Shanghai later this year. I'm still speculating on "falling prices" in the most marginalized country in the Western world. Germany
... Does the Highland have mechanical door handles for the rear passengers?
@@kradius2169 i think yes but normally nobody will sit at my rear seat
Ella tambien tomo decidio el cierre de las plantas de Bogotá y Quito?
Bravo! This fantastic leader has the right idea. I would be honored to work under her leadership. Her answer on her being the only female CEO of a global company of this size is a breath of fresh air in such a polarizing world.
1:15 Can any car expert tell me which model this car is (was)? Thanks CZcams.
This is the first Mary Barra interview I've seen where she comes across as being genuine, not just mouthing talking points.
The movie shows the bling bling design studio, but it's the factory that brings the scale and viability. Where are the robots?
The video explained that was the production line for the hand-assembled $340,000 Cadillac Celestiq. GM has plenty of robots in other factories. It would be nice to see the factory where GM needs to produce 100,000s of the Chevy Equinox if it's really going to sell a million EVs.
GM killed every electric car they ever made, from the first EV-1 that they refused to sell at even twice the manufacturing cost, and they were offered 1 million for one of their EV-1's and turned it down. To the Volt that now has a tailpipe, to the Bolt that went up in flames, and how does that not remind them of the Ford pinto, at least Ford dumped the name and car entirely. Until they fire every electrical engineer at GM, they will always fall short of reliable. Until GM roots out all in their staff and on their bord that are tied to big oil and willing to sacrifice the company for their own profits, GM will always fall short in profits. Total Debt(mrq) 124.62 BILLION, Yahoo Finance posted May 1, 2024.
Toyota holds the title of the world's most indebted company outside the financial industries, with a debt of $221.13 billion.Jan 28, 2024
@@OneManOnFire With interest on that debt rising that is going to hurt.
@@martinsoos The Japanese yen is currently hurting right now so the American dollar will get you more.
do you remember when the equinox was announced starting at 30k? i remember
Problem with EVs is that in several countries the infrastructure is simply not there yet. Plus, the early adopters have bought them so now you are trying to sell EVs to the other 80%+ of the market. The challenge to GM is not TESLA or the other traditional auto makers but rather Chinese EVs. China has the capability to do the same thing to the US auto industry that Japan did in the 70/80/90s unless some form of protection is there. Personally, I am not in favour of protectionist policies so expect a bumpy ride. Just to be clear, the same challenges face Ford, Chrysler, VW etc.
1:17 "she is going all in on EVs" selling gas cars does not seem very all in
"you electrified the whole auto industry....you led, and it matters"....what a joke. and how is she in the automotive hall of fame and elon isn't...insanity.
openai and microsoft cloud is gm's opportunity to catch up with tesla's autonomous driving
Love driving electric and technological advancements! Keep going! Looking forward to see more affordable EV products!🙏
No matter how efficiently it made and whoever made it, it's way too expensive to service due to shortage of parts and Electroic Technicians. And nobody is addressing this issue, public and private sector.
280 billion?!? Would that not be more than the whole company is worth?
must've been awkward for her to talk about EV1 (or maybe uncomfortable truths aren't uncomfortable for some of us lol)
I visited Japan recently. All the new cars , no junkers primarily cuz of tough emissions. But Japanese value the newest safety innovations in newest vehickes vs USA customers take style over safety. Tesla makes the safest cars in the world
Tesla is competitive, but they are starting to become dated. GM is quite competitive when it comes to safety, and Tesla is simply no longer innovating or really doing much. Meanwhile, their cars are harder than the industry average to fix.
That is also because of draconian tax and license laws to force people to buy new cars from politically tied zaibatsu, Mitsubishi, Isuzu...
Here's the thing. I owned a '65 Corsair, a '95 Jimmy, an '06 Avalanche, a '05 Vue, and a '16 Malibu hybrid. If the Volt wasn't so tiny, I would have had one of those too. I was so looking forward to the Bolt, as I wanted an EV. However, the quality of GM products has declined. I bought a Ford Mach-e instead. I wouldn't mind the new Corvette, but I'm too old.
It's so strange how these news organizations have these fluff interviews with GM/Ford about EV's, but give Tesla such a hard time when they're ACTUALLY producing EV's at scale. One doesn't have to be a "fanboy" or fanatic about Tesla to see that GM/Ford have been making a lot of claims they haven't even come close to materializing about the number of models they would release, the volume they would produce, etc. They're barely making any at all, but yet this "interview" gets produced that is basically just another marketing fluff piece. So odd. They have't even figured out how to make one without losing a ton of money yet.
Bring the Bolt back!!!!
They are, next year.
I love my Chevy BoltEV - except they should have named it the ChevEV
or just ChEV?
Destroyer of Worlds... ev
GM looks like to me honestly they are trying their best. their recent vehicle design is awesome! their earnings keep beating quarter by quarter. I hope they keep their best in the future.
I get tired of hearing “the first woman” to do a job. I think she does too. It shouldn’t matter male/ female or black/white. It should be the most qualified for the position. Period
Barra put her stock options ahead of the long term viability of the company.
As an Indonesian, I have more confidence in the quality of Chinese electric vehicles 😊
Tesla is in Chinese
Their electric vehicles are junk, why do you think they are so cheap?! Low quality parts + + Gov subsidies + Bypassing QC standards = Chinese EV
@@MyUniversalUniversity that’s faults. Ford & GM must be Mexican then to you.
Wow long time ago gm made some designs. Interesting that nobody is telling ceo that new cars are garbage
How many people can afford or need a 300K Cadillac?
The problem is people that can afford $300k wouldn't buy a Caddy. That's Rolls Royce and Bentley money. Waste of R&D money to go after that market
in 10 minutes I've seen the same ATT advertizement 3 times...Get real and be reasonable. It makes Bloomberg look greedy, it doesn't do well for the GM brand, and it's frustrating as a CZcams user.
Singing the taylor swift songs was the most cringe thing I saw in an interview
"All in" would be at the very least 50% ev sales... and it's more like... nothing even close. This is clearly not journalism... this is a paid advertisement yet not marked as advertisement.
Yes, we're still waiting for the acceleration now that GM has discontinued the Bolt, its most successful (because cheapest) EV. Maybe the Equinox will be a huge hit. Maybe Cadillac and its sclerotic dealers will actually sell customers on the benefits of battery electric when most of the cars in the showroom are EVs.
@9:45 'Where are we in the transition to EVs ?'
Oh, and don't forget to park your Bolt outside. It might spontaneously combust😂