DETROIT (WXYZ) — The annual shareholders meeting for General Motors focused on social injustice almost as much as the bottom line.
GM CEO Mary Barra said, “as one of the largest companies in the world, General Motors has the responsibility to do more. We will no longer ask why.”
She went on to say, “We commit to inclusion” and “We stand up against injustice.”
Barra also told shareholders the company made several financial moves during the second quarter including suspending dividends, selling bonds, setting up a revolver line of credit to get through a production shutdown, and slower sales. S
he says the company is in recovery and “because of that discipline we have the necessary resources to continue investing in our soon to launch full-size SUVs and in our crucial EV and AV program.”
Barra says GM plans to sell one million EVs a year by 2025 and is investing $20 billion into EV and AV development.
She says these projects help the company envision a “world with zero crashes, zero emissions, and zero congestion.”
