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.
Fool contributor John Rosevear owns shares of Ford and General Motors. You can connect with him on Twitter at @jrosevear. The Motley Fool recommends Ford, General Motors, and Tesla Motors. The Motley Fool owns shares of Ford and Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.