Squawk Pod Reports: General Motors’ Mary Barra

Squawk Pod

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Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 7 December 2022

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are in Washington, D.C. for the annual Business Roundtable meeting, speaking with General Motors CEO Mary Barra. For 50 years, the BRT has represented the CEOs of America’s biggest companies, pushing for U.S. competitiveness and economic growth. In a conversation exclusive to CNBC, Mary Barra, head of one of America’s most iconic automakers, discusses the risks facing her business and the American economy, including supply chain squeezes, electric vehicle supply and production, and shifting consumer demand. Record date: 12/6/22. In this episode: Mary Barra, @mtbarra Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	We're in the midst of probably one of the most significant
0:06.2	transformation in the last hundred years.
0:08.0	CEO of General Motors Mary Barra. It's a pivotal moment for U.S. industry and for the entire
0:15.8	American economy. There is still pent-up demand so a lot is going to depend on what
0:20.0	happens to the economy. I'm not going to call a recession
0:22.8	that's for economists to do,
0:23.9	but right now we're still seeing a pretty strong consumer.
0:26.6	Navigating one of America's iconic automakers
0:30.3	through a global system under pressure.
0:33.0	The supply chain's been stretched to its limits really since the start of the pandemic.
0:37.0	So we still continue to work through those issues.
0:40.0	I would say every quarter it gets better, but I predict we'll have those challenges into
0:43.4	23. America's top CEOs meeting in Washington DC and we're there too with
0:50.0	Mary Barra who's working to keep her company and America's economy thriving.
0:55.8	We've invested billions in plants in the U.S. to build our electric vehicles.
0:59.8	We're also working to onshore as much as we can battery components and so we're investing in the
1:05.2	United States we're investing in the economy. I'm see NBC producer Cameron
1:09.9	Costa and squawk pod reports General Motors Mary Barra, begins right now. The Chief Executives of America's biggest companies aren't feeling all that optimistic.
1:32.2	The Business Roundtable, the Washington voice for an
1:35.0	association of about 200 CEOs released an economic outlook for 2023,
1:41.2	painting a picture of what the C-suite expects in the new year.
1:45.4	And it's cautious, conservative, and cool.
	...

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