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by Judgmentality
3319 days ago
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> I invested in Ford partly because I think, unlike GM, they recognize an existential threat to their business and are trying to take steps to avoid it. Why do you think GM is unaware of the changing tides? They are currently selling the all-electric Bolt which is meant to compete directly with the upcoming Tesla Model 3. And they are investing however many billions of dollars into self-driving technology with their acquisition and support of Cruise Automation. |
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As for Cruise Automation, I am not convinced they have accomplished anything groundbreaking relative to their competitors.
I can't speak much about the Bolt. A quick Google search shows a Bloomberg story stating they will lose 8-9k per car sold. GM better hope it doesn't sell well, if that is the case! (link: https://www.bloomberg.com/news/articles/2016-11-30/gm-s-read...)