GM CEO Mary Barra To Oversee GM Financial As Dan Ammann Leaves For Cruise
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Current General Motors President Dan Ammann will vacate his position to become CEO of GM’s Cruise Automation self-driving car subsidiary, and that will leave GM CEO Mary Barra in charge of GM Financial.
Automotive News (subscription required) reported last Wednesday that GM CEO Mary Barra will take on the business and global region responsibilities Ammann currently oversees. Chief financial officer, Dhivya Suryadevara, will oversee corporate development.
The changes effectively spread Ammann’s roles across two executives, and it’s unclear if the position of “GM President” will see a successor. However, Ammann’s departure will not affect GM Financial leadership; Dan Berce will remain CEO and president of the business.
“Going forward, we will continue to deliver on our captive value proposition to General Motors and GM dealers by helping to drive incremental sales, enhance loyalty and retention, support dealers and customers across economic cycles and contribute to GM enterprise value,” a GM Financial spokesperson said in a statement.
Analysts see the move to place GM Financial under Barra’s watch as a concerted effort to tie in the financial business closer to the GM mothership. Instead of a subsidiary, the optics of the move show Barra is keen to increase profitability from the business and shore up loyalty.
Executives have said GM Financial would be an integral part of GM growth through 2020, though rising interest rates could put a damper on further expansion. One analyst said Barra likely wants to pay much closer attention to GM Financial as rates rise and auto sales reach a plateau after years of record growth.
In the end, the shifts appear to highlight where GM wants to place the most emphasis: self-driving cars and electric vehicles. As GM lays off thousands of corporate workers, it continues to hire in growing areas. Aside from the executive shuffle, the automaker has moved some of its best engineering talent to its newly formed electric-vehicle group, including former Camaro chief engineer, Al Oppenheiser.
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Proof the writing is on the wall for Mary Barra and her “leadership.” Dan obvious left unannounced and fast since Mary has to fill in for him. Not a good sign at all, especially when a long-term GM employee leaves for a much much smaller company.
Now you’re going by the Real Reggie?
God you’re a snake. You know what, have it. Take it. Call yourself the son of God, if you like.
But stop pretending you give a damn about GM or anyone but yourself. You don’t. You’re only here because you found your only friends on the Q forum and you and your buds have egg all over your faces. Your conspiracy clown posse knows Trump’s almost as much of a loser as the lot of you are, but you’ve got to save face somehow, hence you blame Barra for your misguided trust in Trump’s leadership and economic policies. It’s a win-win for you, as your involuntarily celibate a$$ hates women too.
Newsflash: You’ve aligned yourself with a who’s who of losers. It ain’t gonna end well for you. But If you want to waste your life, waste at it.
You do everyone here a disservice when you steal their screenames. But you do what you need to do to feel better about yourself. The next few months are going to be rough on you and your qind.
-The person that’s been using the name Reggie for well over a year here
Shore up loyalty, as market share has dropped from 55% to 17%. I didn’t know Mary moonlights as a comedian too!
And I think under Machete Mary’s “leadership” US market share is heading toward 12 or 13 percent.
Heck, she cannot even do the job she has now let alone add more duties.
Another thing for Malaize Mary to run into the ground.
At least she will get an extra $6 million or so a year to do so.
Fire her, replace her with Al Oppenheimer
Replace her with ANYONE
What a farce…so now the Europeans and Japanese dominate the SUV/Crossover market AND the sedan market. It’s shrunk, for sure, but whatever sales/profits are to be made, it won’t be by US automakers. They seem to be terminally short-sighted. And so many people supported the government bailout. What a mistake that was. I like the LaCrosse and CT6 and XTS. I sure as hell wouldn’t buy one now. The Kia K900 and Cadenzas are looking better and better.
Hallelujah on the move that Marry can pay closer attention to loyalty through dealerships. However the, –Analysts see the move to place GM Financial under Barra’s watch as a concerted effort to tie in the financial business closer to the GM mothership. Instead of a subsidiary, the optics of the move show Barra is keen to increase profitability from the business and shore up loyalty—-.
You CAN NOT !!!!!!! SHORE UP LOYALTY by giving to the dealership. OK maybe some, not all are the same, as we know. But it is the CUSTOMER that GM has to win the loyalty of. When a CUSTOMER calls GM, at that precise time is when and how LOYALTY is gained or lost. Because the ONLY reason the CUSTOMER called GM in the first place is because they had trouble with the dealership. So you simply CAN NOT !!!!!!! say to the CUSTOMER ” well lets call the dealership and see what he says. The CUSTOMER already knows what the dealership said, that’s why the CUSTOMER called GM. At that precise moment in time the CUSTOMER LOYALTY is lost. Sure GM still has the loyalty of the dealership, GM paid the dealership for the loyalty, and whatever was done to the CUSTOMERS vehicle. However GM DID NOT pay the CUSTOMER, but if the dealership CAN NOT sell vehicles to the CUSTOMER, it does not matter one bit how loyal the dealership is to GM. The CUSTOMER will and HAS moved on. If the CUSTOMER has not moved on at that precise moment in time does not matter, because when the CUSTOMER does have the means to purchase the next whatever, it will NOT BE GM.
This is the part of the automotive cyclical market GM CAN NOT figure out. GM still thinks that market share and the economy are the drivers of the cyclical market. I do agree that a great economy does sell more vehicles, however even in the greatest economy after the CUSTOMER buys a new vehicle they will not buy another no matter how much money you give them.( ok maybe some will but only to a point ). It is the AVERAGE life of the vehicle and cost per mile. Sure if your a business owner and pay taxes you pay people standard mileage ok. But if you are a CUSTOMER of a non business related vehicle its the LIFE of the vehicle, COST of the vehicle, and the MEMORIES of the vehicle that control the cycle.
If the CUSTOMER needs a vehicle, they will buy one. It does not matter one bit the state of the economy. When the CUSTOMER is looking for a vehicle ALL the CUSTOMER remembers is the moment when GM called the dealership and DID NOTHING for the CUSTOMER.
The definition of LOYALTY : The STRONG FEELING of SUPPORT or ALLEGIANCE.
An allegiance to who? The dealership or the CUSTOMER.
Support to who? The dealership or the CUSTOMER.
And a STRONG FEELING of both. Not a small unrememberable feeling, a STRONG FEELING.
Because if you talk to the CUSTOMERS as PEOPLE who you want loyalty from, you do not call the dealership and pledge allegiance to the dealership and give the dealership your support.
If you want CUSTOMER LOYALTY you have to pledge allegiance to the CUSTOMER and give the CUSTOMER your support.
GM has once again shown they simply could care less about the US CUSTOMER. However the world market is just as cyclical only way worse. When the market in CHINA swings downward GM will be left with ABSOUTLY NOTHING. Does GM think China is going to bale them out. Ha!! And when it does happen GM will truly have NOTHING. Who do you think owns those plants In China, GM, Ha!, you think again. In the years to come CHINA will be making CHINA-GM cars, the ones GM used to make only now they are CHINA vehicles and have nothing to do with GM. And when GM no longer has the China market they will also no longer have any US CUSTOMER left.
Just my opinion, seems simple to me. Ha, Ha.
When GM moved out of the Local Dealership mode and went for the big Highway Dealer mode, they lost all that customer loyalty. There was a dealer in almost every town. Want to keep customers? Make a better deal or service for customer. Dealers sponsored teams and loaned cars for drivers education. They were part of community. That bred loyalty.
Mary its about time you and your cronies start heading these reviews , maybe your decisions are not what the buyers want . shrink your models don’t element them . even thought the market has shifted some people want sedans – want to drive their own cars – and don’t want electric . oh by the way how is electricity generated ??