General Motors has a new chief economist in Elaine Buckberg. She replaces Mustafa Mohatarem who will retire later this year.
The chief economist has an important role at GM. Buckberg will provide input and help determine the impact that global economic developments have on the automaker. Her appointment comes as the United States and China continue to announce new tariffs, though neither country has actually implemented them.
Specifically, the U.S. slapped imported cars from China with a 25 percent tariff. Although that may not impact Chinese automakers, it will impact GM, if enacted. GM currently imports the Buick Envision and Cadillac CT6 Plug-In from China to the U.S.
Buckberg has served in numerous roles during her professional career. She was most recently a principal in the Brattle Group’s Washington, D.C. office and has served in various government and private roles. Notably, she served as the deputy assistant secretary for policy coordination in the U.S. Treasury Department’s Office of Economic Policy.