Sep 23, 2018

GM alters executive structure amid electric vehicles push

Ben Geman, author of Generate

A Chevy Bolt. Photo: Jim Watson/AFP/Getty Images

General Motors is overhauling its electric vehicle management with several internal moves as the automaker works to have 20 EV models launched worldwide by 2023.

Why it matters: The moves signal increased focus on EVs by major automakers — even though they hold only a tiny share of the market today.

Driving the news: Pam Fletcher will take the newly created position of VP for innovation that reports directly to CEO Mary Barra, GM said. She's currently the VP of global electric vehicle programs.

  • Doug Parks, who is the VP for autonomous and electric vehicle programs, "will also assume primary responsibility for the growing global electric vehicle team," GM tells Axios.
  • And Mike Ableson, who is currently VP for global strategy, will become VP for electric vehicle charging and infrastructure, reporting to Parks in the newly created role.
  • The changes were first reported by Automotive News.

The details: Parks, in a statement, said Ableson will "develop the partnerships, incentives and investments needed to create the necessary electric vehicle charging infrastructure to remove a critical barrier to acceptance of electrification."

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Heiko Maas. Photo: Michael Kappeler/picture alliance via Getty Images

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Why it matters: Israeli and European officials agree that if Israel goes ahead with unilateral annexation, the EU will respond with sanctions.

Minneapolis will ban police chokeholds following George Floyd's death

A memorial for George Floyd at the site of his death in Minneapolis. Photo: Steel Brooks/Anadolu Agency via Getty Images

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Why it matters: The agreement between the city and the Minnesota Department of Human Rights, which has launched an investigation into Floyd's death while in police custody, will be enforceable in court.

Better-than-expected jobs report boosts stock market

Data: Yahoo Finance; Chart: Axios

The S&P 500 jumped nearly 3% on Friday after a stronger-than-expected May jobs report showed that an economic recovery could be underway.

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