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Jun 19, 2016
06/16
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BLOOMBERG
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david: g.m. leadership wants to change the company from the bottom up and from the top down. >> resistance will pull it down pretty quickly. >> they want to be held accountable. mary: if you see me something that is doing a consistent focus talked about,. call me out david: g.m. is trying to change his mission, its product, even change the nature of what it needs to be in the transportation business. the question is, where is g.m. driving? ♪ david: hello. for more than a century it was the heart of american business. it was a dominant force, the number one car company in the world, the largest u.s. employer. number one in the s&p 500. but then came a host of problems. foreign competition, inferior products, all leading to g.m. going bankrupt in 2009. it emerged a much different, leaner company. we traveled to detroit to see for cells where g.m. is now and where it's going tomorrow. we wanted to learn from ceo mary barra about the changes they are making and whether they are the right changes. mar
david: g.m. leadership wants to change the company from the bottom up and from the top down. >> resistance will pull it down pretty quickly. >> they want to be held accountable. mary: if you see me something that is doing a consistent focus talked about,. call me out david: g.m. is trying to change his mission, its product, even change the nature of what it needs to be in the transportation business. the question is, where is g.m. driving? ♪ david: hello. for more than a century...
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Jun 18, 2016
06/16
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BLOOMBERG
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last year, g.m. also sold 9 million cars but it may $9.7 billion in profit. this is g.m.ng the future. general motors is making and selling more cars and suspending -- spending less money. share price is down to the 30% from its high in 2013. one of the biggest questions from wall street is how g.m. executives can manage the business to make sure it doesn't end up right where it started. have you anticipated the possibility of a downturn and what are you doing to make sure g.m. can weather the storm? mary: we have made sure we are maintaining breaking heating and 810-11 unit market. when you look at what is happened in the last recession, making sure we have a breakeven point at that level i think is very important. david: you're prepared to break even at 10 million or 11 million vehicles a year north america. what would you do? that's a 30%-40% reduction. in 2010 only did our initial public offering we made a commitment that we were going to maintain our breaking point in the u.s. at an industry level of 1011 -- 10 million or 11 million units. we were going to manage sup
last year, g.m. also sold 9 million cars but it may $9.7 billion in profit. this is g.m.ng the future. general motors is making and selling more cars and suspending -- spending less money. share price is down to the 30% from its high in 2013. one of the biggest questions from wall street is how g.m. executives can manage the business to make sure it doesn't end up right where it started. have you anticipated the possibility of a downturn and what are you doing to make sure g.m. can weather the...
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Jun 18, 2016
06/16
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BLOOMBERG
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david: g.m. leadership wants to change the entire company from the bottom-up and top-down. want to be part of the solution and be held accountable. mary: if you see me doing something that is inconsistent with what we just talked about, call me out. david: g.m. is trying to change its mission, product and nature of what it means to be in the transportation business. the question is, where is gm driving? ♪ i am david westin. has been at the heart of american business. for most of the time, it was a dominant force. it was number one in the s&p 500. foreign competition, crippling pension costs, leading to gm going bankrupt in 2009. it emerged a much different, leaner company. we travel to detroit to see where it is going. we want to learn from mary barra and her lieutenants about the changes they are making and if they are the right changes. mary: we are most part of the that ared crossovers the best we have ever produced. , gmc, ourand cadillac brands in china as well. every segment we compete in,
david: g.m. leadership wants to change the entire company from the bottom-up and top-down. want to be part of the solution and be held accountable. mary: if you see me doing something that is inconsistent with what we just talked about, call me out. david: g.m. is trying to change its mission, product and nature of what it means to be in the transportation business. the question is, where is gm driving? ♪ i am david westin. has been at the heart of american business. for most of the time, it...
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Jun 5, 2016
06/16
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WJLA
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job, but also challenging for metro g.m. paul wiedefeld. he battled a blizzard on the tracks, shutdown system for safety inspections, and fire nearly two dozen employees. room at all, what has been the most surprising moment? >> clearly come just some of the challenges we face. i knew there were a lot of challenges, but the depth of them was surprising. brianne: one of the challenges are two words -- safety culture. >> it's like marriage. it's every day. that is not the way the culture of a big organization works. every day you have to work on it. we wanted to know the most memorable moments for the past six months. two, lack of speed to handle total chaos on the tracks was one aha moment. the other happened when he was meeting with a station manager. >> he could have told me i need money, time off, but he said, he brought up a customer experience he felt they needed to be addressed. it's all of us. if anyone things i can do this job, there is just no way. there is just no way. i need 1300 people to be with me. we have full details of these
job, but also challenging for metro g.m. paul wiedefeld. he battled a blizzard on the tracks, shutdown system for safety inspections, and fire nearly two dozen employees. room at all, what has been the most surprising moment? >> clearly come just some of the challenges we face. i knew there were a lot of challenges, but the depth of them was surprising. brianne: one of the challenges are two words -- safety culture. >> it's like marriage. it's every day. that is not the way the...
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Jun 18, 2016
06/16
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BLOOMBERG
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david: g.m. change the entire company from the bottom-up and top-down. want to be part of the solution and be held accountable. mary: if you see me doing something that is inconsistent with what we just talked about, call me out. david: g.m. is trying to change its mission, product and nature of what it means to be in the transportation business.
david: g.m. change the entire company from the bottom-up and top-down. want to be part of the solution and be held accountable. mary: if you see me doing something that is inconsistent with what we just talked about, call me out. david: g.m. is trying to change its mission, product and nature of what it means to be in the transportation business.
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Jun 9, 2016
06/16
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WJLA
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but assurances from metro new g.m. and the man in charge of safety that going forward things will be done properly. stephen tschida, abc7 news. leon: we have everything you nod to know about safetrack on a special metro page we set up at wjla.com. so if you want metro updates texted to your phone, text "metro" to 43817. alison: okay. clear, sunny weather today. will the good streak continue? it's beautiful outside. chief meteorologist doug hill is here with what we can expect for the rest of the night. how long can it last? doug: if it's up to me, i would like weather like this every day of the year. i wouldn't grow tired of it. look outside at montgomery county. clear skies, bit of a breeze. temperatures in upper 70's to 80 through the early evening as you make plans outside. you will se breezy at times. later tonight it will get cool with the breeze. by morning the overnight lows in the overnight 50's in many areas west and northwest of metro washington. 53 in walkersville and frederick. 53 in hancock and cumberland.
but assurances from metro new g.m. and the man in charge of safety that going forward things will be done properly. stephen tschida, abc7 news. leon: we have everything you nod to know about safetrack on a special metro page we set up at wjla.com. so if you want metro updates texted to your phone, text "metro" to 43817. alison: okay. clear, sunny weather today. will the good streak continue? it's beautiful outside. chief meteorologist doug hill is here with what we can expect for the...
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Jun 6, 2016
06/16
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WJLA
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jonathan: that is metro's g.m. paul wiedefeld talking about the first day of safetrack. so far, so smooth. people seem to be getting to work and they are not crammed in as they feared with single-tracking going on. our abc7 instapoll question has to do with it. was your commute more difficult because of metro safetrack in alison: grab -- metro safetrack? alison: grab your phone or tablet and let us know. michelle: yes or no? was your commute more difficult? alison: for the safetrack impact on the roadways, let's check in on traffic watch for us. hey, jamie. it sounds like it was not so bad. jamie: it wasn't terrible. we'll say that. although we did see a lot of increased volume heading in this morning on 66, trying to get closer to d.c., which is of course what we thought would happen. now this afternoon we are going to see a lot of increased traffic as well on 66. let's head to mobiletrak7 where we have chris papst checking in. chris? chris: jamie, we are on 66 right now. we are heading west, about a few miles outside of the beltway. and from rosslyn where our station i
jonathan: that is metro's g.m. paul wiedefeld talking about the first day of safetrack. so far, so smooth. people seem to be getting to work and they are not crammed in as they feared with single-tracking going on. our abc7 instapoll question has to do with it. was your commute more difficult because of metro safetrack in alison: grab -- metro safetrack? alison: grab your phone or tablet and let us know. michelle: yes or no? was your commute more difficult? alison: for the safetrack impact on...
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Jun 13, 2016
06/16
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WJLA
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the topic is getting a dedicate funding source discussed at a metro summit today where g.m.aul wiedefeld and other leaders got a chance to learn from other major metro systems across the country. >> the journey we are on is one that has to continue. we can't do what we have been doing for 30 years. brianne: they have to work to come one a plan for region wide, dedicate funding source for metro by the year's end. >> the question becomes can you sell the legislature? probably not. we begin to have a plan and begin executing that plan. brianne: in upper marlboro, brianne carter, abc7 news. alison: you can stay a stem ahead of safetrack by signing up for text alerts. leon: go to texas now. construction crews will working to rebuild concrete barriers after floodwaters washed away part of a major intersection. fed by two lakes overflowed and it washed over i-45 in navarro county. traffic backed up for miles. the teams had to rescue drivers who tried to drive through the high water. we keep saying it over and over again. don't drive through high water. they keep doing it. alison: t
the topic is getting a dedicate funding source discussed at a metro summit today where g.m.aul wiedefeld and other leaders got a chance to learn from other major metro systems across the country. >> the journey we are on is one that has to continue. we can't do what we have been doing for 30 years. brianne: they have to work to come one a plan for region wide, dedicate funding source for metro by the year's end. >> the question becomes can you sell the legislature? probably not. we...
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Jun 9, 2016
06/16
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WJLA
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reporter: metro g.m. painted a rosier picture saying the riders heeded the warning about the first repair on the orange and the silver line. >> we have had 25% drop of ballston. when you look at the hours, we saw a drop of 41%, 6:00 to 7:00. stephen: a sign metro passengers are altering the commutes or staggering the commute times. >> some metro board members said today that buses will not be able to pick up the down. they say the public needs to be informed. >> that message has got to get to folks very clearly. stefs metro unveiled a snappy video to keep on top of the process. there are a lot of questions about why it took so long to shore up a crumbling system. >> it's a shame we got to the point where it was loss of life and overall crisis. no answers but plenty of reassurances. >> everything i see right now is moving in the right direction. as far as giving employees the opportunity to get out there to do the work, to do the proper inspection. >> a lot of commuters are bracing for a difficult year ahe
reporter: metro g.m. painted a rosier picture saying the riders heeded the warning about the first repair on the orange and the silver line. >> we have had 25% drop of ballston. when you look at the hours, we saw a drop of 41%, 6:00 to 7:00. stephen: a sign metro passengers are altering the commutes or staggering the commute times. >> some metro board members said today that buses will not be able to pick up the down. they say the public needs to be informed. >> that message...
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. >>> shares of g.m. and ford were down on word of slumping u.s. auto sales last month.of the strongest months for auto sales in the united states. gm sales were down 18% due in part by a cut by fleet buyers. ford was down just over 6% due to a slide in passenger car sales. overall, americans bought 6% fewer cars and light trucks in may than they did last year. >>> uber is getting a lift from saudi arabia. the saudis are investing $3.5 billion into the ride-hailing service. for the price, the saudis are getting a seat on uber's board of directors. uber has been raising money to fund its expansion. >>> big change in store for facebook emojis. five male emojis are being turned into female characters. the five emojis, the pedestrian police officer, jogger, swimmer, and surfer, will still show up as male on your keyboard but will appear as female in your message. facebook's also allowing you to select skin tone. >>> and want to know how much google has been digging into your life? google is updating its my account feature. that way it will be easier for users to find out wha
. >>> shares of g.m. and ford were down on word of slumping u.s. auto sales last month.of the strongest months for auto sales in the united states. gm sales were down 18% due in part by a cut by fleet buyers. ford was down just over 6% due to a slide in passenger car sales. overall, americans bought 6% fewer cars and light trucks in may than they did last year. >>> uber is getting a lift from saudi arabia. the saudis are investing $3.5 billion into the ride-hailing service....
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Jun 7, 2016
06/16
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BLOOMBERG
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amount of headroom to grow the business in terms of getting a larger portion of the auto finance by g.mncial. vonnie: now that there's so much competition by the other three, what is the product they are pushing to beat ford and the others? david: they are doing very well in trucks and suvs, both of which make a lot of money. a big area for concentration, mary barra sat down with us and said she would only do it if her lieutenants do. cadillac, the upscale. there is a relatively modest portion of their sales. chuck stevens did not want to prediction but he believes they can do double cadillac. vonnie: they certainly have the ambition. mark: 4:43 in london. still ahead, as the referendum vote nears, the leave and stay cap's are in a dead heat. we are talking with a pro brexit politician, do not miss it. ♪ vonnie: live from london and new york, i'm vonnie quinn. mark: i am mark barton. this is the european close on "bloomberg markets." vonnie: time for the bloomberg business flash. was -- kirby l has scored a victory in court. $510,000.arded him deutsche bank is normally they go to lender
amount of headroom to grow the business in terms of getting a larger portion of the auto finance by g.mncial. vonnie: now that there's so much competition by the other three, what is the product they are pushing to beat ford and the others? david: they are doing very well in trucks and suvs, both of which make a lot of money. a big area for concentration, mary barra sat down with us and said she would only do it if her lieutenants do. cadillac, the upscale. there is a relatively modest portion...
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Jun 17, 2016
06/16
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BLOOMBERG
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session, check it out, european stocks biggest gain in a month, look at the left-hand column of the g.m. and go function global macroubers, 3.3%. 5% gains, italy we're rising for the second day in three. we fell though, six days out of eight. we're on track for the third weekly drop, the longest stretch since april. brexit bets receding, the odd of a brexit vote, 36%, 44% yesterday just before the death of the labor m.p. jo cox, there is no campaigning today as a mark of respect. parliament will be recalled on monday we heard earlier from prime minister david cameron. a bit of corporate news to tell you about, national grid shares done by about 1% today, a committee of u.k. lawmakers recommending that national grids should lose its role of managing the nation's power network and be replaced by an independent operator. the company should be stripped of its grid to manager state us over conflicts of interest with its division that owns international power cables according to the energy and climate change commission. they said that earlier today. nteresting story today, german and spain co
session, check it out, european stocks biggest gain in a month, look at the left-hand column of the g.m. and go function global macroubers, 3.3%. 5% gains, italy we're rising for the second day in three. we fell though, six days out of eight. we're on track for the third weekly drop, the longest stretch since april. brexit bets receding, the odd of a brexit vote, 36%, 44% yesterday just before the death of the labor m.p. jo cox, there is no campaigning today as a mark of respect. parliament...
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Jun 14, 2016
06/16
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KGO
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the company said it will integrate the tool into other g.m. models in the future.showers as the best time to bay tools. it is just like black friday with tools the third most popular federal's day different with gift cards at the top and dinner or brunch second. >> in tie. >> no tie. >> no tie. >> dad, sorry. >> now, we have not had a chance. congratulations on your son congratulating. >> thank you, a very proud moment and happy and exciting and looking forward to seeing what is in his future and ours, also. now, in our future weather-wise the sun is on my back and it is warm, wind in my face is cool. check out winds on live doppler hd. can you see 23 at sfo, and 30 in fairfield and the fastest winds are still ahead of us, with small craft advisory so if you on water in matter where it is, it will be rough, through 4:00 tomorrow morning. we will look from mount tamalpais where we have had guts over 30 miles per hour the better part of overnight, and high cloud today, fat of the a chance of shower on thursday and summer heat begins on father's day, today, though, de
the company said it will integrate the tool into other g.m. models in the future.showers as the best time to bay tools. it is just like black friday with tools the third most popular federal's day different with gift cards at the top and dinner or brunch second. >> in tie. >> no tie. >> no tie. >> dad, sorry. >> now, we have not had a chance. congratulations on your son congratulating. >> thank you, a very proud moment and happy and exciting and looking...
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Jun 8, 2016
06/16
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WJLA
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at this point the metro g.m. construction will start again. in east falls church i'm sam sweeney, abc7 news. alison: so be it safetrack or anything else with metro you can get text alerts about the transit system on your smartphone. text the word "metro" to 43817. you can sign up for those on the website at wjla.com. leon: new developments in the flint water crisis now. city leaders say they doubt the city can meet a friday deadline to install new water filtration equipment. the mayor says it's a work in progress the city doesn't want to rush things and risk making a bad situation worse. >> we do not want to be an experiment by feeding additional level of chemicals that have not been explored in our system. >> the e.p.a. has been pushing for new equipment there since january saying it will let the city boost chlorine level to fight bacteria. but they fear too much chlorine will damage wh pipe there. the coating is helping to reduce the lead levels in the city's water. alison: philadelphia again taking a shot on becoming the first major u.s. ci
at this point the metro g.m. construction will start again. in east falls church i'm sam sweeney, abc7 news. alison: so be it safetrack or anything else with metro you can get text alerts about the transit system on your smartphone. text the word "metro" to 43817. you can sign up for those on the website at wjla.com. leon: new developments in the flint water crisis now. city leaders say they doubt the city can meet a friday deadline to install new water filtration equipment. the mayor...
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Jun 6, 2016
06/16
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WJLA
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kevin: well, we have just learned now that metro g.m.l wiedefeld arrived on scene to survey the bus crash firsthand. that gives you an idea how seriously metro is taking the bus crash. look at the video. this is the bus that hit the tree. the front two tires are airborne still. trunk and the stem of that entire tree now forced to the ground. the driver, we have been told is now in stable condition. but his injuries are still very, very serious. i want to introduce you to rudy velazquez. he was driving home. you were working in d.c. heading back home to bethesda. you tell me that you were going down east-west highway and the bus started t what happened next? >> after that, all i hear is heat on the right side of the truck. jeff: what happens? >> the tires blow. obviously, i "lost" control of the -- i lost control of the truck. other fires were fine. try i told avoid it going left but the truck kept coming right, right, right. so i guess him trying to avoid hit me again, got up on the curve and ended up hitting the tree. my truck came down
kevin: well, we have just learned now that metro g.m.l wiedefeld arrived on scene to survey the bus crash firsthand. that gives you an idea how seriously metro is taking the bus crash. look at the video. this is the bus that hit the tree. the front two tires are airborne still. trunk and the stem of that entire tree now forced to the ground. the driver, we have been told is now in stable condition. but his injuries are still very, very serious. i want to introduce you to rudy velazquez. he was...
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Jun 20, 2016
06/16
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WJLA
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metro g.m. paul wiedefeld is pleased with today's operation. but still cautions riders. >> give yourself a lot of time. if you use rail, and using the shuttle bus. the buses leave here and hit traffic. that is just the reality of it. sam: metro has hundreds of helpers guiding riders across the system but is pleading with the public to use alternate transit options if possible. >> normally we peak on wednesday so today is a relatively slower day. as it peaks we can't have system. we are down 70%. sam: i'm sam sweeney, back to you. alison: many of you have already done this. don't get caught by surprise on metro. text the word "metro" to 43817 to automatically sign up for the metro alerts. any service changes or disruptions and you will be the first to know. jonathan: why we talk about getting around is the memorial bridge finally or really facing a shut down? seriously? millions of dollars in repairs are needed. but there is a funding crunch. there is just not the money to do it now unless a grant is approved. northern virginia bureau chief jeff
metro g.m. paul wiedefeld is pleased with today's operation. but still cautions riders. >> give yourself a lot of time. if you use rail, and using the shuttle bus. the buses leave here and hit traffic. that is just the reality of it. sam: metro has hundreds of helpers guiding riders across the system but is pleading with the public to use alternate transit options if possible. >> normally we peak on wednesday so today is a relatively slower day. as it peaks we can't have system. we...
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Jun 30, 2016
06/16
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KQED
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." >> it seemed like overnight they were talked about in the same, you know, breath with ford, g.m., and not just them -- motown-- all of these things that are so iconic in the history of detroit. who's to say that, you know, once the luster of the coolness of detroit wears off, shinola won't, you know, pull up their stakes and go to toledo or cleveland or whatever the next hot rust belt, midwest city on the rise is. >> reporter: detroit writer jon moy believes shinola is exploiting detroit's travails to make money. jon, come on! detroit, jobs, happy workers, revival, renaissance, leather watches! what, how could you have any beef with that? >> don't think i have a beef with jobs, i don't think i have a beef with new things, but i mean, i think it's a valid criticism to say that they've sort of co-opted this city and the struggle of the city and sort of commodified it in a way that most companies i think would be reticent. >> reporter: case in point: this ad for a new watch which ran soon after detroit filed for bankruptcy. and this tweet. >> you know, bankruptcy schmankruptcy yeah.
." >> it seemed like overnight they were talked about in the same, you know, breath with ford, g.m., and not just them -- motown-- all of these things that are so iconic in the history of detroit. who's to say that, you know, once the luster of the coolness of detroit wears off, shinola won't, you know, pull up their stakes and go to toledo or cleveland or whatever the next hot rust belt, midwest city on the rise is. >> reporter: detroit writer jon moy believes shinola is...
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Jun 2, 2016
06/16
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CNBC
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tesla, audi, g.m., now add honda on the list of driverless cars. lipton in san francisco with this story. hey, josh. >> well, melissa, the story may be here in silicon valley where they're now racing to develop the first driverless cars. tesla owner saying what about honor dachlt it's become a testing ground for honda's self-driving cars. >> i think every company right now is looking into these technologies, even our nontraditional competitors. you look at what uber is doing and google is doing. i can't speak to what their strategies are, but what we're after is kind of moving safety up to the next level. >> honda gave us a sneak peek into two of their newest prototypes. they use cameras, radar, gps sensors that allow them to drive themselves. their goal, roll out these autonomous vehicles to the mass markets by 2020. and bhiel some of the bigger players like gm and toyota have been more vocal, honda has been a bit more discreet, adding semiautonomous features to their vehicles to lower the price point. their hope is by gaining acceptance now, full
tesla, audi, g.m., now add honda on the list of driverless cars. lipton in san francisco with this story. hey, josh. >> well, melissa, the story may be here in silicon valley where they're now racing to develop the first driverless cars. tesla owner saying what about honor dachlt it's become a testing ground for honda's self-driving cars. >> i think every company right now is looking into these technologies, even our nontraditional competitors. you look at what uber is doing and...
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Jun 1, 2016
06/16
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BLOOMBERG
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sales falling 18%, the estimate down 13%, so board the big player, a disappointment overall sales, g.mell, sales down 18%, the estimate, -13%. we are about 40 seconds into the session. abigail: all averages down roughly 4/10 of 1% following a week lead in both europe and asia. snap a five-day winning streak if it finishes down. one section we are following under pressure, goldman sachs recently in the last few weeks has cut high-level investment taking jobs, dozens of high-level investment banking jobs, weighing on all of the big banks, including citigroup, goldman sachs, shares are down. turning to retail, a bit of a mixed bag. deliveredays it positive comps sales quarter to date. we do see lands end trading down on that news while michael kors is trading higher after the company raised its 2017 profit forecast. chills of salesforce.com are trading lower, demand where soaring on the news that salesforce.com is acquiring demand where for $75 per share and thisa 56% premium is a good acquisition for salesforce.com. a soft session in the first couple of minutes, the s&p 500 closed down t
sales falling 18%, the estimate down 13%, so board the big player, a disappointment overall sales, g.mell, sales down 18%, the estimate, -13%. we are about 40 seconds into the session. abigail: all averages down roughly 4/10 of 1% following a week lead in both europe and asia. snap a five-day winning streak if it finishes down. one section we are following under pressure, goldman sachs recently in the last few weeks has cut high-level investment taking jobs, dozens of high-level investment...
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Jun 9, 2016
06/16
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WJLA
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but assurances from metro new g.m. and the man in charge of safety that going forward things will be done properly. stephen tschida, abc7 news. leon: we have everything you nod to know about safetrack on a special metro page we set up at wjla.com. so if you want metro updates texted to your phone, text "metro" to 43817. alison: okay. clear, sunny weather today. will the good streak continue? it's beautiful outside.
but assurances from metro new g.m. and the man in charge of safety that going forward things will be done properly. stephen tschida, abc7 news. leon: we have everything you nod to know about safetrack on a special metro page we set up at wjla.com. so if you want metro updates texted to your phone, text "metro" to 43817. alison: okay. clear, sunny weather today. will the good streak continue? it's beautiful outside.