Dear MEL School’s Topic Readers,
General Motors
names Mary Barra as new boss.
First, GM is no
longer “Government Motors.” Its shares that had been bought by the government during
the 2008 financial crisis were sold at a cost of almost ten billion dollars to
the tax payers.
Second, GM is no
longer “Gentlemen’s Motors.” Its board has named a woman new Chief Executive
Officer, CEO, for the first time in the company’s over-a-century history and
also in the US auto manufacturers’ history.
Ms Mary Barra, who
has led the manufacturer’s most essential and critical product development
division, is going to succeed the global motor company as of January 2014.
Will she steer the
giant motor company’s wheels on the crowded but fast growing global market?
Enjoy reading and
learning about GM’s new master.
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