Mary Barra
Coverage of Mary Barra in the Nexus archive.
- GM is quietly becoming a subscriptions company
General Motors is expanding its subscription services through OnStar and Super Cruise, generating $800 million in Q2 revenue from OnStar and adding 70,000 Super Cruise subscribers in the quarter. The company expects OnStar to reach 13 million subscribers and Super Cruise to surpass 850,000 by year-end, leveraging high-margin software updates to reduce reliance on hardware.
- GM swallowed a $10.9 billion pill to reset its EV strategy. It says the worst is nearly over.
General Motors recorded a $2.3 billion charge in the last quarter as part of a $10.9 billion reset of its EV strategy, citing reduced EV deliveries and increased gas-powered vehicle production. The company claims major cash costs from the reset are 'substantially' complete, with its stock rising over 3% following the earnings update.
- Here are the tech leaders and ultrawealthy descending on rural Idaho as billionaire summer camp begins
Tech leaders and billionaires are attending the Allen & Co. conference in Sun Valley, Idaho, focusing on AI and media consolidation. Notable attendees include executives from Warner Bros., GM, OpenAI, and YouTube.
- General Motors says it expects $500 million tariff refund after SCOTUS ruling
General Motors anticipates receiving a $500 million tariff refund following a Supreme Court of the United States ruling. The company's CEO, Mary Barra, addressed shareholders in a letter released on Tuesday.