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The last time Barra spoke at CES was in 2016, when she introduced the Chevrolet Bolt. (Photo by Andrej Sokolow/picture alliance via Getty Images)

General Motors CEO Mary Barra has backed out of a planned keynote speech at CES, missing out on what was likely to be a splashy debut of GM's latest innovations on the tech industry's biggest stage.

Why it matters: Barra had been expected to show off at least one prototype of an upcoming barrage of electric vehicles. But because of a six-week strike this fall by UAW autoworkers, the show cars couldn't be produced in time.

  • “There was a plan for GM to have a presence at CES 2020, but plans changed and while we will still support the event, our overall involvement has been reduced from our original plans," GM said in a statement.

What to watch: A spokesperson says GM's plan to introduce 20 electric models between now and 2023 remains on track, with details to be revealed soon.

Go deeper

Senate confirms retired Gen. Lloyd Austin as defense secretary

Photo: Greg Nash-Pool/Getty Images

The Senate voted 93-2 on Friday to confirm retired Gen. Lloyd Austin as secretary of defense. Sens. Mike Lee (R-Utah) and Josh Hawley (R-Mo.) were the sole "no" votes.

Why it matters: Austin is the first Black American to lead the Pentagon and President Biden's second Cabinet nominee to be confirmed.

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced that the House will deliver the article of impeachment against former President Trump for "incitement of insurrection" on Monday.

Why it matters: The Senate is required to begin the impeachment trial at 1pm the day after the article is transmitted.

Dan Primack, author of Pro Rata
3 hours ago - Politics & Policy

Private equity bets on delayed tax reform in Biden administration

Illustration: Brendan Lynch/Axios

In normal times, private equity would be nervous about Democratic Party control of both the White House and Congress. But in pandemic-consumed 2021, the industry seems sanguine.

Driving the news: Industry executives and lobbyists paid very close attention to Treasury Secretary nominee Janet Yellen's confirmation hearings this week, and came away convinced that tax reform isn't on the near-term agenda.

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