GM Seeks Gold in Silicon Valley

The Chevy Volt's technology represented a huge change for GM. But GM's future high-tech cars could represent an even more dramatic break with the General's past. Photo credit: General Motors Co.

In the old days -- before 2010 or so, in other words -- General Motors (NYSE: GM  ) wasn't exactly known for its receptiveness to outside ideas. It maintained its own vast R&D operation, and it would listen to its suppliers, but new ideas from outside Detroit? GM had no interest.

We all know where that attitude led: Bankruptcy court, as GM found itself falling further and further behind its import rivals. Now, GM is under new management -- and those new managers are determined not to make the same mistake twice.

GM recently disclosed that it has a special team of executives following Tesla Motors' (NASDAQ: TSLA  ) every move. But GM's actually doing much more. As Fool contributor John Rosevear explains in this video, GM is scouring Silicon Valley for high-tech innovations it can use in its products -- and that's a massive change from the old General's approach.

Profiting from our increasingly global economy can be as easy as investing in your own backyard. The Motley Fool's free report "3 American Companies Set to Dominate the World" shows you how. Click here to get your free copy before it's gone.

 


Read/Post Comments (3) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On August 29, 2013, at 10:25 PM, Oseo wrote:

    Following Tesla's every move? Join the party... It's what the entire world is doing because the model S is clearly superior in just about every respect. Stalking Tesla is not the answer. Respecting what consumers want, and what the environment desperately needs, is.

  • Report this Comment On August 30, 2013, at 12:52 AM, TurbulentTime wrote:

    Words of wisdom for GM's management and CEO, just team up with Tesla Motors and let Tesla be your supplier of battery packs and electric motors, you can still assemble the parts and badge it as GM. That way, you save your time and tremendrous expense in R&D, plus you are then already ahead of the competition. Just team up with Tesla. Too bad that you cannot copy what Toyota and DaimlerChrysler, which is to invest in Tesla and have 10% stake, it is already much more expensive, isn't it? Too bad that you are late to see the future of Tesla Motors, right? Not too late still, just team up with Tesla Motors.

  • Report this Comment On August 31, 2013, at 12:57 AM, HunterofWarrior7 wrote:

    GMC had the EV-1 under their daughter car company Saturn and they sold it and the patents to Exxon-Mobile for 5 million dollars plus $75k for each car. They had their chance and don't know what to do with such technology... unless its to sell it to an oil company

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2616168, ~/Articles/ArticleHandler.aspx, 8/29/2014 6:14:22 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement