Dallas, Texas 01/03/2014 (FINANCIALSTRENDS) – General Motors Company (NYSE:GM), America’s biggest car maker, has appointed Mary Barra its new chief executive, turning her first female to head a well known automobile company.
Mary’s selection was declared on Tuesday, a day after the US administration sold off its last equity stake in the automobile company. The daughter of a General Motors Company’s worker, Mary joined the firm at 18 and is presently its international head of product expansion.
Michelle Krebs, an expert auto forecaster at Edmunds.com, stated that the move was a major triumph for females in the auto business. “My first remark to fellow workers was ‘Holy shit!’ I frankly didn’t think this would occur in my life span.”
The company stated that Mary had developed via a series of manufacturing, commerce, and senior personnel ranks in her 33 years with the firm.
The 51-year-old succeeds Dan Akerson, a business turnaround specialist named by the Obama government in the year 2009 to assist shepherd the automobile manufacturer through its bankruptcy.
Company to roll out Chevrolet Beat facelift this year
As per reports, General Motors India is yet to disclose its proposals for the 2014’s Indian Automobile Expo, but it appears like the firm doesn’t have much to demonstrate and is proposing to exhibit few of its worldwide products comprising Camaro as well as Corvette. In addition, GM will reveal the much projected Beat facelift at the occasion.
The Beat was first introduced in petrol edition only in the year 2010, but the firm introduced the vehicle with diesel engine during the year 2011.
GM is expected to peak this year
General Motors (GM) is an appealing firm. From its near death experience and administration rescue it came forth as a streamlined and lucrative firm. Revenues surpass $150 billion from the sale of more than 9 million vehicle units per annum and adjusted EBIT have been running at around $8 billion on an annual basis.