GM CEO Mary Barra Sells $7.7 Million Worth Of GM Stock
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GM CEO Mary Barra has reportedly sold nearly 175,000 shares of GM stock, a total valuation of nearly $7.7 million.
According to a recent report from American Banking And Market News, Barra made the transaction on Wednesday, November 18th, with an average stock price of $44.01. Barra still owns 1,333,224 shares, with an estimated value of $58,675,188.24.
As GM Authority reported previously, GM stock value grew between November 16th, 2020, and November 20th, 2020, closing the week at $43.04 per share for an increase of five percent, or $1.85 per share, as compared to the previous week’s closing value of $41.19. The recent GM stock performance marks a third consecutive week of growth.
General Motors has been making headlines recently in promoting a company-wide move towards electrification and new all-electric vehicles. During the recent Barclays 2020 Global Automotive Conference, the automaker outlined plans to introduce 30 new all-electric vehicle models by 2025, two-thirds of which will be sold in North America. The new EV products will include models sold under the Buick, Cadillac, Chevrolet, and GMC brands.
GM CEO Mary Barra (center) during the Barclays 2020 Global Automotive Conference.
During the conference, Barra indicated GM will invest $27 billion into new all-electric vehicle technology and autonomous vehicle technology through 2025. As such, General Motors will be investing more than half of its capital into EV and AV programs, outspending investments into its internal-combustion-based programs.
What’s more, General Motors also teased several of its upcoming EV products, including the forthcoming SUV body style for the all-new GMC Hummer EV off-roader, a new, as-of-yet unnamed Chevy EV pickup truck, and a new Chevy EV compact crossover as well.
General Motors is currently accelerating its various EV programs, including the all-new Cadillac Lyriq crossover, which was recently confirmed for arrival nine months ahead of schedule. Providing the juice in GM’s range of new EV products will be the automaker’s Ultium battery and drive technologies.
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The future is coming weather your ready or not.
The main reason GM and all the other vehicle manufacturers throughout the world are going to BEV’s is to comply with emission regulations. These government regulations are so ridged that the easiest and most inexpensive way to comply is to manufacture the vast majority of the companies vehicles as BEV’s, though most of the manufacturers will continue to produce and sell a few ICE vehicles as well. Larger trucks and a few high performance vehicles will continue to be produced
(Corvettes and 5 ton and larger trucks)
The naysayers on electric wonder what the world would be like if we change our course. Get out of tour comfort zone and embrace clean technology. We have already changed the world permanently with pollution , we need to stop and think not just about you but your children and grandchildren
and the pollution we are already leaving. The challenge for electric is here and I for one welcome it.
Mary Barra is a idiot.
Caterpillar us screwing thee retires
What happens to all of the junk batteries?
Bunch of Trump minded losers here…….
Buy Low. Sell High