Tuesday, December 10, 2013

GM's New CEO



Fortune profiles Mary Barra. An excerpt:

The company Barra inherits is much changed from the one Akerson reluctantly took over four years ago, stronger in many ways but still with significant weaknesses. The news comes a day after the Treasury Department said it unloaded its final stake in GM, which closes the book on Uncle Sam's 2009 bailout of the auto industry. But losses in Europe continue to mount (though they may have leveled off), as GM fights to hold on to its gains in China against a resurgent Volkswagen. Meanwhile the company has to reestablish itself as a technology leader after lavishing more than a billion dollars on the failed Chevrolet Volt.

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