Trump appoints GM CEO despite criticism of auto industry

December 06, 2016

President-elect Donald Trump has appointed General Motors CEO Mary Barra to his panel of prominent business leaders in spite of heavy criticism of the automotive industry in his presidential campaign.

The 16-strong Strategic and Policy Forum, which includes the CEOs of JP Morgan Chase, Walt Disney Co., Wal-Mart Stores, Boeing and other top companies will advise Trump on job creation and business matters.

Trump’s selection of Barra contradicts his harsh criticism of Ford Motor Co. during his presidential campaign, levied at its rapid expansion of operations in Mexico rather than the US, even though Barra’s GM has also been doing the same. 

Barra said she intends to help shape US policies that will positively affect the automotive industry. She said: ‘It offers us a seat at an important table where we can contribute to a constructive and open dialogue about key policy issues.

She added: ‘We look forward to working with President-elect Trump […] on policies that support a strong and competitive economy and automotive industry.’

The appointment is also surprising because Barra was one of the 39 potential running mates for Democratic presidential nominee Hillary Clinton, according to a hacked email released by WikiLeaks.

Trump said: ‘This forum brings together CEOs and business leaders who know what it takes to create jobs and drive economic growth.’

He added: ‘My administration is committed to drawing on private sector expertise and cutting the government red tape that is holding back our businesses from hiring, innovating, and expanding right here in America.’

Barra is one of two women on the panel, along with IBM CEO Ginni Rometty.

The panel will meet with Trump ‘frequently to advise him on economic growth, job creation and productivity, and will have its first meeting in February at the White House.’

The panel appears to have a similar function to the Economic Recovery Advisory Board, which President Obama assembled in 2009 during the Great Recession.






Also in News & Insights

UPDATE: News & Insights have moved to the Autovista Group website

March 31, 2017

Our regular automotive industry News & Insights are no longer being published on the Autovista Group Market Reports website.

Instead, you can now find the latest updates at our central Autovista Group website, home to our pan-European brands including Autovista, Eurotax, Glass's and Schwacke.

To stay up to date with rapidly changing market trends, we recommend signing up to our free Autovista Group Daily Brief which delivers our daily news stories directly to your inbox.

You can still find our in depth market reports here on the Autovista Group Market Reports site. Keep checking back as we have an exciting new report due to be launched shortly!

PSA to boost UK presence in the event of a ‘hard Brexit'

March 08, 2017

UK sales flat despite upcoming road tax hike, diesel demand plummets

March 08, 2017

UK new car registrations fell annually by 0.3% in February to 83,115 units according to the SMMT, driven down by weaker demand from individuals and companies. More noticeable, however, was the 9.2% drop in demand for diesels compared to February 2016, a steeper drop than the decline in Germany...