GM CEO Mary Barra named Fortune's second Most Powerful Woman

Posted: 5:59 AM, Sep 25, 2018
Updated: 2018-09-25 12:09:48Z

Fortune's list of the Most Powerful Women is out, and General Motors CEO Mary Barra slipped to number two on the list.

Barra had been ranked number one for the past three years.

"GM hit a few speed bumps in the past year: The Chevrolet Bolt EV, once a bestseller, slipped behind all three of Tesla’s electric cars in sales, while a brewing trade war with China threatened the automaker’s profits," Fortune writes. 

"Meanwhile, GM recorded a $3.9 billion loss in 2017, owing largely to the new U.S. tax law. Still, Barra is barreling ahead. She scored a $2.25 billion investment in autonomous-vehicle venture GM Cruise from the SoftBank Vision Fund and plans to deploy GM’s first self-driving cars for ridesharing in 2019."

Marillyn Hewson, chairman, president and CEO of Lockheed Martin, made number one on the list.