Electric cars

GM appoints new Chevrolet boss, creates new organization to boost revenue

GM creates a new organization called Commercial Growth Strategies and Operations.  It will be led by veteran GM executive Steve Hill from April 1.  Hill, seen here, has served as vice president of Chevrolet since November 2019.

General Motors said Monday it was creating a new organization to help identify ways to make more money as the automaker moves into electric vehicles.

The new organization, called Commercial Growth Strategies and Operations, will be led by veteran GM executive Steve Hill starting Friday. Hill has served as vice president of Chevrolet since November 2019.

The new group will oversee the GM Fleet, US Sales Operations and EV Retail Innovation teams, whose leaders will report to Hill.

This new group will work across all GM brands, with a focus on vehicle sales, to help grow the brands and improve GM’s market position. Additionally, it will help identify ways in which GM can develop both new business and new revenue, GM spokesman Sabin Blake said.

At her Investor Day in October, GM CEO Mary Barra said GM will double its annual revenue by 2030 by switching to electric vehicles. Barra said much of that revenue growth would come from GM’s new businesses such as its upcoming electric vehicles, BrightDrop and OnStar Insurance electric delivery trucks, as well as future software that would open revenue streams through subscriptions. .

“The Business Growth Strategies and Operations organization is well positioned with this leadership team to drive the continued growth and profitability of our dealerships and GM, while managing our transition to an all-electric future,” said Steve. Carlisle, GM executive vice president and president of GM North America in a statement.

Under Hill’s leadership, Chevrolet introduced several significant products, including the Corvette C8 and the Bolt EUV, an SUV styling of the EV. It also unveiled the 2024 Silverado EV in January, which will be Chevrolet’s first all-electric pickup.