GM CEO Mary Barra on increasing spending on electric, autonomous vehicles скачать в хорошем качестве

GM CEO Mary Barra on increasing spending on electric, autonomous vehicles

General Motors said on Wednesday it will increase spending on electric and autonomous vehicles to $35 billion through 2025, a 30% increase from plans announced late last year. It also said it is raising its earnings guidance for the first half of the year. CEO Mary Barra joined "Squawk on the Street" to discuss. To see the full interview with Barra sign up for a free trial to CNBC Pro: https://cnb.cx/3cKkN6L General Motors CEO Mary Barra on Wednesday once again pushed back on the company spinning off its emerging electric-vehicle battery business. Keeping the unit within GM will create more value for the company than spinning it off, Barra said. “For an electric vehicle, it’s all about the battery,” she told CNBC’s “Squawk on the Street.” “I think keeping that technology close and leveraging the deep battery expertise we have at General Motors is the way we’re going to accelerate that value creation.” Barra touted the company’s plans to sell its Ultium battery cells as well as its Hydrotech fuel cell technology to other companies. GM has a deal with Honda Motor for two EVs. The company also announced this week the signing of a memorandum of understanding for GM to engineer and supply its Ultium battery and Hydrotec systems for Wabtec freight locomotives. CNBC’s Jim Cramer told Barra he thought the battery business may be worth more than the whole automaker, which currently has a nearly $90 billion market cap. He questioned why investors shouldn’t be allowed to buy into the battery business. GM isn’t currently producing its own battery cells for EVs. It has announced plans to build four plants for such production, including two currently under construction in the U.S. through a joint venture with LG Chem, by 2025. Speculation and pressure from Wall Street about a potential spinoff of GM’s electric vehicle operations has been rampant for some time. Deutsche Bank has said such a company would likely be valued at a minimum of $15 billion to $20 billion, and could potentially be worth up to $100 billion. GM President Mark Reuss said in November the automaker analyzed the potential of a spinoff and determined it would not be the right move for its business. He cited the cost of a spinoff as well as the benefits of having the EV operations a part of the larger company. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-n... Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-cred... #CNBC #CNBCTV