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> General Motors has told investors it aims to generate up to $25 billion in software and services subscription revenue annually by 2030 — up from an estimated
by _fat_santa 4y ago
> General Motors has told investors it aims to generate up to $25 billion in software and services subscription revenue annually by 2030 — up from an estimated $2 billion in 2021. Stellantis, formerly known as Fiat Chrysler, is shooting for $23 billion by 2030.
If they made $2B and are shooting for $25B, this practice will only escalate.
- gonzo41 4y agoIt's like a hostage situation. They are choosing the worst way of making 23 billion. They could instead do real innovation and just tack a grand onto the price. People will still buy new cars.
- neogodless 4y agoGM is definitely escalating. They are requiring the "optional" OnStar on all models of some of their brands, and some models of other brands. $1500 up front, covering a 3 year subscription. Not part of "MSRP" but it's not optional either. Now OnStar isn't a necessary set of features. And it certainly should remain optional. But if demand is high enough, consumers will buy from them anyway and they'll continue to escalate as much as they can.