to develop electric platforms for Cruise, GM's standalone autonomous ride-sharing startup, acquired for $1 billion in 2016 but worth $20 billion in 2020 after subsequent investment rounds.
Although most market observers expected operations to bounce back, and despite most carmakers having amassed huge war chests of cash after years of SUV and pickup-truck sales, an unprecedented new hurdle had emerged for an already challenged industry. But while the 20th century held the story of the auto industry's birth and triumphant rise to become the jewel of American business, the 21st has been shaping up to tell a different tale, with the old guard frantically trying to sustain its still-lucrative legacy while avoiding a distracted slide into irrelevance as younger and more nimble upstarts work to do what automobiles in the early 1900s did to the horse business of the 18th.
As Marchionne argued, a large part of that apparatus makes a redundant contribution. The industry, in 2015, would have to choose "between mediocrity or fundamentally changing the paradigm for the industry."The numbers were on his side. The aerospace industry, for example, takes almost 20 years to consume the capital that the car business does in four. The largest sector in the entire economy, consumer and retail, takes 36 years.
Get the cops OUT of our UNIONS--am IWW member.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
An inside look at Stanford's mental health innovation course - Business InsiderAn inside look at Stanford's one-of-a-kind course on mental health innovation, where students mingle with industry experts and develop business plans aimed at revolutionizing the healthcare industry (by AnikaNayak)
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Coronavirus is pushing the US child care industry to the brink of collapse: AdvocatesMany working parents are learning firsthand a tough reality -- the coronavirus pandemic is pushing the nation's child care industry to the brink of collapse. 'Child care is a top concern for millions of working parents,' karentravers reports. karentravers The healthy should protect the sick! Sweden! Freedom This is what we have to look forward to karentravers karentravers Socialism is no longer a parlor game for academics but a political alternative taken seriously by the far-left.
Herkunft: ABC - 🏆 471. / 51 Weiterlesen »
Trump says 'we've done too good a job' on coronavirus testing - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Wasn't he the same person that said they should slow down with the testing ? 120,000 deaths isn't enough for Trump. He was hoping for 200,000 by now. isn't a spike in cases a symptom of appropriate testing?
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Parents have been turning to caffeine and snacks to get through the coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Im turning to Percocet, Valium, THC and naps Lots and lots of snacks.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
What New York City's Phase 2 coronavirus reopening means - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Everyone can start moving out...
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Trump aired racist, misleading coronavirus claims at rally - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Can you imagine if a bunch of teens were the ones that forced Trump to resign? June 20- National teenager day!Teenagers... THE NEW SILENT MAJORITY!!! Tik Tok Trump... your time is running out... Tik Tok socialists. You have outed yourselves again. You have no logical argument for a single vote. Saying that the virus came from China, which it did, is racist?
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »