The 2016 Volt "will store more energy in its battery pack with fewer cells, yet go further on a charge," GM CEO Mary Barra said Tuesday during a speech at the Detroit Economic Club.
"It will accelerate faster.
And the car's gas generator will come from an all-new GM engine family and use even less fuel."
, less than a year on the job, has declared her
intention to lead a cultural change at GM
, emphasizing more accountability by employees, in order to improve the company's performance.
A car driven not only by advances in traditional automotive technology, but also by utilizing the connectivity that General Motors' GM CEO Mary Barra said earlier this month would be at the forefront for all GM brands, including Cadillac.
In the earnings release, GM's CEO Mary Barra credited strong sales in North America and China for carrying the day, especially as GM GM struggled in Russia and South America, along with the rest of the automotive industry.
Here's a few highlights from the earnings report.
What you need to know: Despite everything, sales are up, up, up.
The massive recall earlier this year seems to not have had a very big impact on whether or not people want to buy GM cars, because the firm sold 884,000 in North America last quarter, up from 808,000 the year before.
Worldwide sales are up too, to 2.45 million from 2.40 million.
noted, sales are down in Europe and South America, but that was more than made up for by several strong performances in other segments, notably a big increase in Chevrolet trucks sold in the United States.
The big number: Margins are obviously one of the most important numbers in any manufacturing business.
For the third quarter, GM
produced an operating margin of 9.5% in North America, which is consistent with the goal set earlier this month when Barra
set out the firm's goals moving forward.
said GM hopes to maintain 10% operating margins in North America, and 9-10% margins worldwide.
GM's top lawyer is out: Where does CEO Mary Barra
go from here?
GM GM CEO Mary Barra, though, defended Millikin, insisting that he was a key part of her leadership team and that she needed him as the firm continued to fight through the recall scandal, and attempted to get its business back on track.
and the board of directors promote from within, or find someone from outside of GM?
The latter would be seen as a sign Barra
is serious about fundamentally changing the company's culture, which she
and others have blamed for letting the ignition switch defect to go unfixed for years.
But while autonomous driving may reduce traffic and make zipping around town more efficient, Americans are just not ready for the technology yet, according to CEO Mary Barra.
"How comfortable would you feel if you had to take you hands off the wheel right now?
Not very," she
"It is step by step process to get the consumer comfortable with that and understand it."
may be underestimating just how ready the population really is for driverless technology, especially working moms.