Contributing editor
- FMA
- The Fabricator
- FABTECH
- Canadian Metalworking
Categories
- Additive Manufacturing
- Aluminum Welding
- Arc Welding
- Assembly and Joining
- Automation and Robotics
- Bending and Forming
- Consumables
- Cutting and Weld Prep
- Electric Vehicles
- En Español
- Finishing
- Hydroforming
- Laser Cutting
- Laser Welding
- Machining
- Manufacturing Software
- Materials Handling
- Metals/Materials
- Oxyfuel Cutting
- Plasma Cutting
- Power Tools
- Punching and Other Holemaking
- Roll Forming
- Safety
- Sawing
- Shearing
- Shop Management
- Testing and Measuring
- Tube and Pipe Fabrication
- Tube and Pipe Production
- Waterjet Cutting
Industry Directory
Webcasts
Podcasts
FAB 40
Advertise
Subscribe
Account Login
Search
GM = Good moves: exits and entrances
- By Kate Bachman
- December 10, 2013
In her 33 years of experience at GM, Barra has held manufacturing, engineering, and senior staff positions and is one of the first automaker CEOs in recent history to rise from its own ranks. Barra has been vice president of global manufacturing engineering, head of GM’s Detroit Hamtramck Assembly plant, and executive director of competitive operations engineering, and the company’s human resources executive.
Heading up GM’s $15 billion vehicle development operations, Barra was able to contribute significantly to the company’s success with popular brands such as the Chevrolet Impala and the Cadillac CTS.
Leaving GM in Upright Position
Current GM CEO Dan Akerson will take an early leave starting in January, coinciding with his wife’s diagnosis of an advanced stage of cancer. “I will leave with great satisfaction in what we have accomplished, great optimism over what is ahead, and great pride we are restoring General Motors as America’s standard bearer in the global auto industry,” said Akerson, according to a Dec. 10 autonews.com article.
Indeed. General Motors posted $152 billion in global revenues in 2012. GM stock price has risen 42 percent in 2013 and went up to a record high of $40.9 on Monday, and the automaker is back in as the largest automaker in the world.
Regarding the “bailout,” unfortunately, U.S. taxpayers did not get reimbursed for the entire loan amount. There remains a $10.5 billion loss on the $49.5 billion loan,” Simon Warburton, autonews.com, reported in a Dec. 10 article. On the upside, the automaker’s save saved 1.2 million jobs in 2009, and preserved $39.4 billion in personal and social insurance tax collections in 2009 and 2010 according to a Center for Automotive Research study.
Whatever the circumstances, that the U.S. government no longer owns GM stock, that the stock and profits are up, and that the infamous “Good Ol’ Boys Club” has evolved and progressed to the point of putting a woman in charge are very promising indicators for continued success for the automaker.
“With an amazing portfolio of cars and trucks and the strongest financial performance in our recent history, this is an exciting time at today's GM,” Barra said.
With a woman as CEO, maybe autos will finally be designed to accommodate purses.
subscribe now
The Fabricator is North America's leading magazine for the metal forming and fabricating industry. The magazine delivers the news, technical articles, and case histories that enable fabricators to do their jobs more efficiently. The Fabricator has served the industry since 1970.
start your free subscriptionAbout the Author
Kate Bachman
815-381-1302
Kate Bachman is a contributing editor for The FABRICATOR editor. Bachman has more than 20 years of experience as a writer and editor in the manufacturing and other industries.
- Stay connected from anywhere
Easily access valuable industry resources now with full access to the digital edition of The Fabricator.
Easily access valuable industry resources now with full access to the digital edition of The Welder.
Easily access valuable industry resources now with full access to the digital edition of The Tube and Pipe Journal.
Easily access valuable industry resources now with full access to the digital edition of The Fabricator en Español.
- Podcasting
- Podcast:
- The Fabricator Podcast
- Published:
- 04/16/2024
- Running Time:
- 63:29
In this episode of The Fabricator Podcast, Caleb Chamberlain, co-founder and CEO of OSH Cut, discusses his company’s...
- Trending Articles
How to set a press brake backgauge manually
Capturing, recording equipment inspection data for FMEA
Tips for creating sheet metal tubes with perforations
Are two heads better than one in fiber laser cutting?
Hypertherm Associates implements Rapyuta Robotics AMRs in warehouse
- Industry Events
16th Annual Safety Conference
- April 30 - May 1, 2024
- Elgin,
Pipe and Tube Conference
- May 21 - 22, 2024
- Omaha, NE
World-Class Roll Forming Workshop
- June 5 - 6, 2024
- Louisville, KY
Advanced Laser Application Workshop
- June 25 - 27, 2024
- Novi, MI