gm ceo barra interview mainly on EVs
10-19-21, 08:33 AM
#1
Lexus Fanatic
Thread Starter
iTrader: (20)
gm ceo barra interview mainly on EVs
this is very interesting... gm seems to me to be WAAAAY ahead of toyota, for example.
also the interviewer (liz claman) says after 16 years of driving lexus she was lured away by a tesla!
https://video.foxbusiness.com/v/6277768786001
also the interviewer (liz claman) says after 16 years of driving lexus she was lured away by a tesla!
https://video.foxbusiness.com/v/6277768786001
10-19-21, 09:31 AM
#2
Good article. Toyota seems to play their cards close to the vest. And they were big on fuel cell strategy.
I think both were EV naysayers not so long ago... 10 years ago who was talking about EVs?
I can tell you this: the Volt was and still is a popular car around here. Owners seem to love 'em.
I wish them luck.
I think both were EV naysayers not so long ago... 10 years ago who was talking about EVs?
I can tell you this: the Volt was and still is a popular car around here. Owners seem to love 'em.
I wish them luck.
10-19-21, 09:38 AM
#3
Lexus Test Driver
GM has had zero success in EVs.
Bolt and Volt were disasters.
I wouldn’t be surprised if they need another federal bailout when next recession or economic crisis rolls around. The management of that organization is horrendous.
They live off of profits related to pickup trucks and huge SUVs yet now they want to be environmentally friendly - only to get the federal grants. Nothing with GM has changed.
It’s funny that Tesla is by far the most successful EV automaker- yet the US govt and media give it zero credit and just ridicule Elon Musk any chance they get. I’m sure FBI has open investigation on the guy. I wonder why that is……
Bolt and Volt were disasters.
I wouldn’t be surprised if they need another federal bailout when next recession or economic crisis rolls around. The management of that organization is horrendous.
They live off of profits related to pickup trucks and huge SUVs yet now they want to be environmentally friendly - only to get the federal grants. Nothing with GM has changed.
It’s funny that Tesla is by far the most successful EV automaker- yet the US govt and media give it zero credit and just ridicule Elon Musk any chance they get. I’m sure FBI has open investigation on the guy. I wonder why that is……
10-19-21, 11:38 AM
#4
Lexus Fanatic
Thread Starter
iTrader: (20)
did you watch the video?
the cadillac lyric, despite not having amazing range, seems like an awesome vehicle.
the new hummer EVs have had awesome press.
barra says gm is building a battery plant in the u.s. with LG.
the bolt fire fiasco appears to be LG's fault, but is getting fixed. the bolt is, other than that (big) problem, very nice.
i wouldn't count gm out.
tesla benefitted more than any auto company from tax credits, incentives, nationally and in california. and as a lot of govt/media wants 'green' everything, they're not likely to be against tesla, even if he's, uh, unpredictable.
the cadillac lyric, despite not having amazing range, seems like an awesome vehicle.
the new hummer EVs have had awesome press.
barra says gm is building a battery plant in the u.s. with LG.
the bolt fire fiasco appears to be LG's fault, but is getting fixed. the bolt is, other than that (big) problem, very nice.
i wouldn't count gm out.
It’s funny that Tesla is by far the most successful EV automaker- yet the US govt and media give it zero credit and just ridicule Elon Musk any chance they get. I’m sure FBI has open investigation on the guy. I wonder why that is……
10-19-21, 11:50 AM
#6
I think it is fair to say GM, Ford and anyother car company could have started in EVs 10+ years ago in CA and get the same incentives as Tesla, right?
They chose to leave a long time ago. And go overseas...
Last edited by JeffKeryk; 10-19-21 at 12:29 PM.
10-19-21, 12:04 PM
#7
Lexus Test Driver
did you watch the video?
the cadillac lyric, despite not having amazing range, seems like an awesome vehicle.
the new hummer EVs have had awesome press.
barra says gm is building a battery plant in the u.s. with LG.
the bolt fire fiasco appears to be LG's fault, but is getting fixed. the bolt is, other than that (big) problem, very nice.
i wouldn't count gm out.
tesla benefitted more than any auto company from tax credits, incentives, nationally and in california. and as a lot of govt/media wants 'green' everything, they're not likely to be against tesla, even if he's, uh, unpredictable.
the cadillac lyric, despite not having amazing range, seems like an awesome vehicle.
the new hummer EVs have had awesome press.
barra says gm is building a battery plant in the u.s. with LG.
the bolt fire fiasco appears to be LG's fault, but is getting fixed. the bolt is, other than that (big) problem, very nice.
i wouldn't count gm out.
tesla benefitted more than any auto company from tax credits, incentives, nationally and in california. and as a lot of govt/media wants 'green' everything, they're not likely to be against tesla, even if he's, uh, unpredictable.
Cadillac lyric and Hummer are not in production yet and will be saddled with issues as every other new GM vehicle.
GM is motivated by profit margins first and foremost. Tesla because of Musk was motivated by creating new revolutionary technology first and foremost. Those are what will always separate the philosophies of these car companies.
Tesla stock has been shorted and blackballed for years with all the TV analysts hating on it. The SEC and other govt agencies have life miserable for Musk. He wasn’t even invited to the government EV conference.
Last edited by RNM GS3; 10-19-21 at 12:10 PM.
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10-19-21, 12:28 PM
#8
Lexus Fanatic
You're also forgetting that GM got a head start on almost everybody else back in the 1990s, with the Impact. Other companies, back then, had not even introduced hybrids yet.
Last edited by mmarshall; 10-19-21 at 12:32 PM.
10-19-21, 12:31 PM
#9
GM can’t build a competitive ICE car but all of a sudden they will build reliable EVs when even Mercedes and rest of German/Japanese automakers haven’t done it yet?! Only when pigs fly.
Cadillac lyric and Hummer are not in production yet and will be saddled with issues as every other new GM vehicle.
GM is motivated by profit margins first and foremost. Tesla because of Musk was motivated by creating new revolutionary technology first and foremost. Those are what will always separate the philosophies of these car companies.
Tesla stock has been shorted and blackballed for years with all the TV analysts hating on it. The SEC and other govt agencies have life miserable for Musk. He wasn’t even invited to the government EV conference.
Cadillac lyric and Hummer are not in production yet and will be saddled with issues as every other new GM vehicle.
GM is motivated by profit margins first and foremost. Tesla because of Musk was motivated by creating new revolutionary technology first and foremost. Those are what will always separate the philosophies of these car companies.
Tesla stock has been shorted and blackballed for years with all the TV analysts hating on it. The SEC and other govt agencies have life miserable for Musk. He wasn’t even invited to the government EV conference.
The #1 goal of a public company is to maximize the wealth of the shareholders. Wish I had more TSLA! But what do I know?
@bitkahuna is just being optimistic. Nothing wrong with that. Let's see what GM can do. Because if they cannot perform in the EV space, it won't be good.
Clearly the market believes in Tesla. Let's see how it responds to GM's strategy.
Last edited by JeffKeryk; 10-19-21 at 12:36 PM.
10-19-21, 01:07 PM
#10
Lexus Test Driver
Interesting... It's kinda ironic Tesla's margins, in the higher 20% range, blows the doors of GM's maybe 7% margins...
The #1 goal of a public company is to maximize the wealth of the shareholders. Wish I had more TSLA! But what do I know?
@bitkahuna is just being optimistic. Nothing wrong with that. Let's see what GM can do. Because if they cannot perform in the EV space, it won't be good.
Clearly the market believes in Tesla. Let's see how it responds to GM's strategy.
The #1 goal of a public company is to maximize the wealth of the shareholders. Wish I had more TSLA! But what do I know?
@bitkahuna is just being optimistic. Nothing wrong with that. Let's see what GM can do. Because if they cannot perform in the EV space, it won't be good.
Clearly the market believes in Tesla. Let's see how it responds to GM's strategy.
But they were in the red for years burning $$$. They took huge risks that a mature company like GM is unlikely to make because of bureaucracy.
10-19-21, 01:09 PM
#11
Lexus Test Driver
10-19-21, 01:24 PM
#12
Lexus Test Driver
Also, GM did nothing with the technology. Why brag about such a miserable failure and complete mismanagement of a leading edge technology. Absolutely laughable where they are now vs. what could have been if they stuck with the technology. Lets hope they don't screw up that badly this time around.
10-19-21, 01:35 PM
#13
Apparantly the market is already rewarding them; TSLA is up $50 this week.
10-19-21, 02:32 PM
#14
this is very interesting... gm seems to me to be WAAAAY ahead of toyota, for example.
also the interviewer (liz claman) says after 16 years of driving lexus she was lured away by a tesla!
https://video.foxbusiness.com/v/6277768786001
also the interviewer (liz claman) says after 16 years of driving lexus she was lured away by a tesla!
https://video.foxbusiness.com/v/6277768786001
10-19-21, 02:53 PM
#15
Lexus Fanatic