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Tesla's aggressive price-cutting strategy has divided opinions as the company aims to dominate the global automotive industry. In the quest to rule the automotive world, Elon Musk's strategies are polarizing opinion. Some compare him to Henry Ford in the Model T era, while others liken him to Steve Jobs bringing about the iPhone revolution. But what if he's more like Rick Wagoner, who led General Motors to near destruction? Tesla's numerous price cuts this year, taking nearly a third off the cost of its top-selling US model, have left industry insiders debating whether this strategy is revolutionary or desperate. Ford CEO Jim Farley compared Musk to Ford himself, citing the development of an innovative product, efficient manufacturing, and driving down costs as key similarities. On the other hand, the Jobsian theory posits that Musk is applying Silicon Valley tactics to the electric vehicle (EV) industry in an attempt to outperform rivals like Rivian Automotive Inc. and Lucid Group Inc. The cautionary example of General Motors comes to mind, as Wagoner's reliance on incentives after the September 11 terror attacks ultimately led to GM's and Chrysler's bankruptcy in 2009, with Ford narrowly avoiding the same fate. Tesla's plans have been scrutinized before, with investors like Jim Chanos, David Einhorn, Cathie Wood, and Ron Baron divided over the company's survival and growth potential. Tesla's stock has surged more than 750% in the last five years, proving doubters wrong.
SPECIAL GUEST: Bob Lutz, Former Vice Chairman, GMTOPICS:09:35 - Mid-Engine Corvette31:47 - RAM: Thanks Lutz!39:40 - Lutz's Daily Driver43:19 - Pontiac Solstice48:49 - Maximum Bob Talks Tesla56:09 - Doctor Data59:46 - Lutz loves Rick Wagoner, Lee Iacocca1:04:44 - Will GM bring brands back to Europe?1:17:32 - Who should buy Tesla?PANEL:- Henry Payne, The Detroit News- Gary Vasilash, Automotive Design and Production- John McElroy, Autoline.tv
Trucks really drove the market last month, the segment grew twice as fast as the passenger car side. Sales in May put the industry back on trend, after April’s SAAR fell below 15 million units. In his latest book, Bob Lutz criticizes former GM CEO and co-worker, Rick Wagoner. All that and more, plus the lead designer of the Fiat 500e shows us how the exterior differs from its gasoline counterpart.
Rick Wagoner dimite como presidente de GM. "Blue-will", el nuevo prototipo h
Rick Wagoner, Chairman and CEO, General Motors Can GM Really Be Green Motors? “We are looking forward to hearing what Rick Wagoner has to say on energy diversity and security,” comments Greg Dalton, Club VP and Director of The Club’s new Climate One Program, who orchestrated the program. “A lot of Californians want to know if US automakers are finally turning the corner on the role of cars as a major source of global warming.” Wagoner has held numerous high level posts at General Motors. Before becoming its CEO and Chairman in 2003, he was president and chief executive officer of what? A division?. Prior to this, he was its executive vice president of North American operations and chief financial officer. In his early years at GM, Wagoner helped bring the company back from a $30 billion loss over a three year period in 90’s. He is GM’s youngest CEO in history and was named executive of the year by Automotive Industries in 2001. He landed his first job at GM straight out of Harvard Business School as an analyst in their treasury department. Wagoner holds an economics degree from Duke University and an MBA from Harvard Business School. This program was recorded in front of a live audience on May 1, 2008
On July 7 General Motors' board of directors voted to study the pros and cons of entering into a three-way alliance with automakers Nissan and Renault. The alliance was proposed by GM shareholder Kirk Kerkorian who sees it as a way to revive the struggling company and expedite the restructuring taking place under GM's current chairman and CEO Rick Wagoner. Another central figure in this drama is Carlos Ghosn CEO of Nissan and Renault who is credited with turning around Nissan and who is seen by Kerkorian and others as holding the keys to GM's future. What would a three-way alliance mean for GM and for the auto industry in general? See acast.com/privacy for privacy and opt-out information.