GM CEO Barra Faces Pushback From Trump on Plant Closures, Job Cuts

The transcript discusses GM's strategic decisions under Mary Barra's leadership, focusing on plant allocations and the company's shift towards a service-oriented model. It highlights the anticipation of the President's response, union reactions, and investor approval of the strategic direction aimed at future services like self-driving cars and electric vehicles.

What was GM's approach in anticipating the President's response to their decision?

• They had a plan to address the political fallout.

• They closed all plants immediately.

• They ignored the President's potential reaction.

• They were surprised by the President's comments.

What term did GM use to describe the status of certain plants?

• Unallocated

• Sold

• Expanded

• Closed

How did the United Auto Workers union react to GM's decision?

• They decided to strike immediately.

• They were furious and sought new products for the plants.

• They were indifferent.

• They supported the decision.

What is Mary Barra's strategic plan for GM?

• To stop producing cars altogether.

• To become a service company with revenue from services around cars.

• To merge with another car manufacturer.

• To focus solely on electric vehicles.

How did investors and analysts react to GM's strategic shift?

• They demanded immediate changes to the plan.

• They were positive and drove up the stock price.

• They were indifferent to the news.

• They were skeptical and sold their stocks.