🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

GM names former U.S. auto safety chief to global regulatory post

Published 09/22/2021, 12:56 PM
Updated 09/22/2021, 04:07 PM
© Reuters. FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook
BA
-
GM
-

By David Shepardson

WASHINGTON (Reuters) - General Motors Co (NYSE:GM) on Wednesday named David Strickland, the former top U.S. auto-safety official who now serves as a senior Senate aide, as its regulatory affairs chief as the largest American automaker expands its electric vehicle plans.

Detroit-based GM said it is tapping Strickland as vice president for global regulatory affairs, beginning Oct. 1.

Strickland is currently the U.S. Senate Commerce Committee's staff director. He previously served as U.S. National Highway Traffic Safety Administration (NHTSA) chief under former President Barack Obama.

GM, moving aggressively to develop self-driving vehicles, has said it aspires to stop selling gasoline-powered new light-duty passenger vehicles by 2035. Strickland will also be working on self-driving vehicle issues.

The automaker's global public policy chief Omar Vargas said in a statement that Strickland will help "drive regulatory policies in support of GM's growth initiatives, including our vision for an all-electric and autonomous future."

The agency that Strickland formerly headed is investigating 13 reported fires involving GM's electric Chevrolet Bolt. GM in August widened its recall of the Bolt to more than 140,000 vehicles to replace battery modules, at a cost now estimated at $1.8 billion, and has extended the shutdown of a Michigan assembly plant to mid-October.

GM said this week it plans to begin replacing these batteries next month.

Senate Commerce Committee chair Maria Cantwell noted that Strickland has served on the panel for more than 11 years during various stints.

© Reuters. FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook

"I'm happy that someone with David's integrity and experience will have a hand in advancing General Motors' transition to electric vehicles," Cantwell said.

Melissa Porter, the committee's deputy staff director, will assume Strickland's responsibilities. Porter was heavily involved in the efforts last year to enact reforms to the U.S. Federal Aviation Administration's oversight of airplane manufacturers following two fatal crashes of Boeing (NYSE:BA) 737 MAX airliners.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.