GM Moves To Smaller Detroit HQ— CEO Mary Barra Touts Team Collaboration As EV Race Heats Up

Benzinga_recent_news01-13

General Motors (NYSE:GM) CEO Mary Barra says that the company's new headquarters in Detroit would help foster collaboration across teams. Check out the current price of GM here. The CEO shared that ...

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SGD"},"translate_title":"通用汽车迁至规模较小的底特律总部——随着电动汽车竞赛的升温，首席执行官玛丽·巴拉(Mary Barra)宣扬团队协作","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GM":1.5,"TISI":1.5,"F":1},"content_text":"General Motors (NYSE:GM) CEO Mary Barra says that the company's new headquarters in Detroit would help foster collaboration across teams.\nCheck out the current price of GM here.\nThe CEO shared that the new HQ, which is significantly smaller than the automaker's previous headquarters, the \"Renaissance Center.\" The previous HQ was also in Detroit and was first built in the 1970s by crosstown rival Ford Motor Co. (NYSE:F).\nBarra shared that the move would enable better collaboration across the automaker's teams by bringing \"people closer together,\" The Detroit News reported on Monday. The CEO also outlined that the massive scale of the “RenCen” wasn't ideal for collaboration.\nThe report also suggests that the move had been planned even before remote work became mainstream following the COVID-19 pandemic. \"Particularly, in a post-pandemic world, you need office space that people want to come to,\" GM's VP of Corporate Citizenship, David Massaron, said in a statement to CNBC on Sunday, outlining the company's expectations with its workers today.\nThe new HQ, which is GM's fourth in the Motor City, occupies the first four floors of the Hudson's Detroit building, covering 200,000 square feet. The move has been touted by GM as a return to its original HQ at Woodward Avenue. \"Today, we are returning to Woodward Avenue and launching a bold new era for the company,\" GM said in an official statement released on Monday.\nBarra also reaffirmed GM's commitment to EVs, as the CEO had earlier called the vehicles GM's \"North Star” despite the company laying off over 3,400 workers across multiple EV production facilities.\n\"Once we have a robust charging infrastructure, I think people are naturally going to pick EVs,\" she said, adding that EVs open up new design languages and offer the convenience of \"not having to go to the gas station,\" according to a report published by CBS Detroit on Tuesday.\nGM announced it had taken a $7.1 billion charge related to EVs on top of the earlier reported $1.6 billion charge it took in its EV efforts. GM's rollback of EVs comes amid policy changes by President Donald Trump.\nThe automaker announced that the $6 billion EV charge included over $4.2 billion related to supplier commercial settlements and contract cancellation fees, while the other $1.8 billion illustrated “non-cash impairments.\"\nGM offers good Momentum and Value and scores satisfactorily on the Quality metric. GM also offers a favorable price trend in the Medium and Long term. For more such insights, sign up for Benzinga Edge Stock Rankings today!\nPrice Action: GM declined 0.02% to $82.85 during Pre-market trading on Tuesday, according to Benzinga Pro data.\nCheck out more of Benzinga's Future Of Mobility coverage by following this link.\nImage via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2603168365","isCrawlerRequest":true}