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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
by Judgmentality 9y ago
> 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.
- fensterblick 9y agoI have much disdain for GM's corporate culture. It is a company culture that knowingly allowed dangerous vehicles be sold for a decade until a Georgia litigator connected the dots (source: http://jalopnik.com/your-guide-to-the-problem-gm-didnt-fix-until-13-people-1532115319 http://jalopnik.com/your-guide-to-the-problem-gm-didnt-fix-u... ) 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-ready-to-lose-9-000-a-pop-and-chase-the-electric-car-boom https://www.bloomberg.com/news/articles/2016-11-30/gm-s-read...)
- thanksgiving 9y agoI'm sorry for the cheap shot but the Ford pinto is a much bigger (if unfair to Ford - "A subsequent study concluded that the fire risks of the Ford Pinto were no greater than its contemporaries." https://en.m.wikipedia.org/wiki/Ford_Pinto https://en.m.wikipedia.org/wiki/Ford_Pinto ) black mark. I didn't even recall the GM incident without clicking the link even though it was so recent.