MarketWatch (November 27)
The plan to close plants and slash workforce “is good for GM—and it could shake up things at Tesla and Ford too.” Despite coming under political fire, GM’s “newly announced cost-cutting plan has drawn praise on Wall Street, with analysts applauding the car maker for sharpening its focus on higher-growth areas such as driverless and electric vehicles and forestalling a slowdown in its business.”
Tags: Analysts, Cost cutting, Driverless, EVs, Ford, GM, Plants, Slowdown, Tesla, Wall Street, Workforce
Forbes (September 15)
Plans to have autonomous cars on the roads in a few years are over optimistic. “This timetable is unrealistic. In fact, the widespread use of driverless cars will not happen for at least another 20 years.” The “intractable obstacle” facing driverless cars is “the extreme difficulty of moving from semiautonomous to fully autonomous.” Consumers wrongly “assume that the transition to full autonomy is an easy next step from the myriad semiautonomous features already in use today.”
