Change Leadership Watch
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Scooped by Deb Nystrom, REVELN
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Why GM’s Mary Barra Got the CEO Job

Why GM’s Mary Barra Got the CEO Job | Change Leadership Watch | Scoop.it

Barra will become GM’s fifth CEO in less than five years. She now has the opportunity to prove that a GM-lifer can indeed force radical and lasting changes at the automaker. If she can push departments to revamp and think progressively, she will surely be labeled as a transformational CEO.

She has experience in every facet of the organization including European operations and successful product launches including the Cadillac ATS, CTS, and Chevrolet’s Stingray and Malibu.

Automotive sales are continuing to rebound and hit levels that we haven’t seen since 2007 but competition is stiff. Product is king and Barra’s latest post proves she has the chops to propel GM forward.


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Deb Nystrom, REVELN's insight:

How will it work out for a new leader?   Time will tell, quickly, if JCPenny is any indication.  A gender-less look at revamping a hide-bound traditional organization could be useful.  GM was the learning lab for the legendary late Peter Drucker.  He knew was was and wasn't working in multi-national corporations back in the day.  ~  D

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Return of the Ford to Investment Grade, 3rd Investor Service Certifies: The Blue Oval is Back.

Return of the Ford to Investment Grade, 3rd Investor Service Certifies: The Blue Oval is Back. | Change Leadership Watch | Scoop.it

"A big milestone for Ford today, after mortgaging nearly all Ford assets and borrowing $23.5 billion from their banks, Moody’s Investor’s Service has lifted the Ford credit rating to investment grade."


The blue oval is back.


Change leaders take risks, sometimes very big ones.  Ford exemplified this by avoiding backruptcy and borrowing from the government.


Excerpts:


In 2006, Ford put it all on the line. We began the Ford turnaround plan by mortgaging nearly all of our assets and borrowed $23.5 billion from our banks – a “giant home improvement loan,” as Ford CEO Alan Mulally likes to call it.


This allowed us to pour that money into research and development so we could make world class cars that people want and value. You’re seeing the results of that success now with the global Fiesta and Focus, the all-new Ford Explorer, the fuel efficient and technologically capable new Ford Escape and the new 2013 Ford Fusion, due out later this year.


Along with our factories and equipment, one of the assets Ford mortgaged was our none other than our iconic logo – the blue oval. The blue oval has long been associated with Ford and as a brand logo, it’s recognized worldwide.


The script in the middle of the oval was taken from the original script created in 1912 and has been part of the Ford heritage for a century. And since Ford returned to profitability beginning in 2009, we have been paying down our debt against that loan.


But because Ford credit had been below investment grade since 2005, the banks would not return those assets to us including the blue oval – until at least three credit rating firms granted Ford investment grade status. Last month, Fitch’s was the second to restore Ford to that level.


Today, we received notice that Moody’s Investor’s Service has lifted the Ford credit rating to investment grade. The blue oval is back.

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Daimler: $120M investment in Redford plant, Detroit & 115 New Jobs

Daimler: $120M investment in Redford plant, Detroit & 115 New Jobs | Change Leadership Watch | Scoop.it

"President Obama gave a shout-out to Daimler Trucks for investing $120 million in the Daimler Detroit Diesel plant in Redford, Mich..."


Some good news for Detroit, including the spin-off jobs that come with new investments.


Excerpts:


Daimler Monday announced it was investing $120 million in the Daimler Detroit Diesel plant in Redford, Mich., that will create "115 good, new union jobs building transmissions and turbochargers right here in Redford," Obama said.


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Daimler Trucks North America is the only manufacturer ....with a fully integrated powertrain from its own production...

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With the investment, Daimler Trucks North America is the only manufacturer in the North America Free Trade Agreement Region with a fully integrated powertrain from its own production, the company said in a release.


The plant already turns out engines and axles. With the investment, the plant soon will be building all the key parts that go into a truck, Obama said.


"No one else is doing that," he said.

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Deb Nystrom, REVELN's comment, December 12, 2012 1:30 PM
You are most welcome Puneet.