GM Worried and Launches Study Of Tesla

GM Worried and Launches Study Of Tesla

Posted in the Autos Forum

World Class Shmuck

Windsor, Canada

#1 Jul 20, 2013
Forbes, July 13, 2013

"Fearful that his car company is being left behind in innovation, Bloomberg News says General Motors ‘ CEO Dan Akerson has assigned a team to study Tesla Motors , the electric car company launched by billionaire Elon Musk.

Word of the study comes from GM Vice Chairman Steve Girsky, who says his boss wants to know how Tesla could be a competitive threat to America’s biggest car company"
Dominic

Toronto, Canada

#2 Jul 20, 2013
Looks like Ackerson is beginning to realize that Volt has turned out to be a dog.
World Class Shmuck

Windsor, Canada

#3 Jul 21, 2013
I wouldn't go so far as to call Volt a "Dog".
It's a somewhat revolutionary product in a new and developing market.
Sales of Volt are lacklustre for the present, but as public acceptance gets better, we might see some improvement.
GM recently dropped the price significantly to boost sales, and it remains to be seen what effect this will have.
At the same time, Volt is getting healthy competition from Leaf and Tesla.
Plus, there are more and more competitive EVs coming into this segment, so one wonders what effect this will have on Volt.
Dominic

Toronto, Canada

#4 Jul 21, 2013
A dog by any other name is still a dog. Volt is a dog.

Since: Apr 07

ridgefarm Il

#5 Jul 21, 2013
Maybe GM is learning. I remember GM pooh poohing hybrids when they first came out. They're probably afraid of the same happening with Tesla. Future cars will be electric or fuel cells. The only thing holding back electric cars, is battery technology.
World Class Shmuck

Windsor, Canada

#6 Jul 21, 2013
Tom Loy wrote:
Maybe GM is learning. I remember GM pooh poohing hybrids when they first came out. They're probably afraid of the same happening with Tesla. Future cars will be electric or fuel cells. The only thing holding back electric cars, is battery technology.
Agree.
Betting on fuel cell technology.
That breakthrough is closer than we know.
When that happens, it means instant obsolescence for Voltec.

Since: Apr 07

ridgefarm Il

#7 Jul 21, 2013
World Class Shmuck wrote:
<quoted text>
Agree.
Betting on fuel cell technology.
That breakthrough is closer than we know.
When that happens, it means instant obsolescence for Voltec.
Oh yeah, that happens, internal combustion engines will be seen only in museums. I've heard some new lithium ion batteries last for 15 years, and still able to hold an 85% charge.
World Class Shmuck

Windsor, Canada

#8 Jul 22, 2013
Practical and affordable fuel cell technology will be commercially available by early 2017.
Target cost per Kw for fuel cell power is $30, and research is already at that level according to the US DOE.
That cost will allow fuel cell power to be competitive with internal combustion engines.
Within 10 years, gasoline powered vehicles will be history.
Even though Lithium Ion batteries are gaining in capability, Volt type technology alone isn't the answer.
It is merely an interim step.

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