Share

Tycoon has high praise for GM's boss

OMAHA, Nebraska - Investor Warren Buffett says General Motors’ new CEO Mary Barra would do a great job running any business, the Detroit News reports.

"She is the best person to handle the company’s recall problems," the icon of the business world told AP.

Speaking on CNBC radio on Monday, the DetNews reported, Buffett said he was impressed by Barra when he met her at a conference towards the end of 2013.

FIRST LADY

Barra became GM’s top executive and the first woman to lead a major automaker in January 2014. That’s when a deadly ignition switch problem began to surface.

GM has recalled 2.6-million cars and admitted knowing about the problem for more than a decade. Barra says she learned of it in December 2013.

Buffett’s Berkshire Hathaway Incorporated owns 40-million General Motors shares but Buffett said he didn’t make the investment - that was done by one of Berkshire’s two other investment managers, Ted Weschler.
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE