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Originally Posted by cRiPpLe_rOoStEr
Maybe when Mary Barra retires, or gets fired if shareholders get really upset about their losses, GM will be great again... I still believe GM shouldn't have retreated from Western Europe and some RHD markets like it retreated from 2018 to 2020.
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Barra is far overpaid like all US CEOs but I can't really point to anything that she should be doing differently. She has been pulling out of unprofitable markets, cutting unprofitable models and trims, investing in a common and flexible platform for EVs to prepare for the future. Cadillac has been doing fantastically well and growing over the last 4-5 years. GM's profit margins have about doubled under her leadership but the market wants more.
The only big thing GM should do is drop GMC and Buick in the USA. It should have been done back in 2009 under bankruptcy when it would have been free.
Now GM would have to pay billions to buy back the dealerships. Maybe she can kill off just Buick. Buick used to exist so that Buick / GMC dealership would have cars to sell but now there is nothing the Buick sells that GMC doesn't sell under a different model name. Buick is a completely redundant brand in the USA.
GM lost money in Europe and RHD markets for decades - billions down the drain. Eventually it makes sense to admit defeat and focus on profitable markets.
What GM needs to do now is look for a good partner because they are too small to compete on their own against competitors double the size.