General Motors

CEO Mary Barra: GM soon will sell a million electrics a year

General Motors CEO Mary Barra
Photo: Drew Angerer/Getty Images

GM CEO Mary Barra is willing to bet her company's future on massive investments in electric and self-driving vehicles — even at the expense of its traditional gasoline-powered base, writes Bloomberg Businessweek.

The big picture: "Taking vast resources from businesses that make money and moving them toward businesses that (so far) lose mountains of it is obviously a large and risky bet," according to Bloomberg. However, the biggest challenge for GM will be to get the right timing as it goes full steam on electric vehicles.

General Motors and striking workers bargain in the dark

A striking auto worker at GM's assembly plant in Flint, Mich.
A striking auto worker at GM's assembly plant in Flint, Mich. Photo: Jeff Kowalsky/AFP/Getty Images

The conflict between GM and its 46,000 striking workers comes down to a fundamental issue: both sides are unclear about where the industry is headed.

The big picture: The labor dispute is shaped, in part, by the changing transportation landscape. Traditional business models are fading, but it's not clear whether investments in new technologies like electric vehicles and self-driving cars will pay off.