Should GM Lose Sleep Over Tesla?

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Should GM fret at the thought of Tesla? The Big 3 automakers had sneered at electric vehicles (EVs) for years, but a slow shift is underway. Ford has its plug-ins with the Fusion Energi and C-MAX Energi; Chrysler, thanks to Fiat, has a little toe in the EV waters with the 500e on California roads; and GM touts the Volt and Spark EV. Speaking of GM, the stodgy automaker may be slowly changing its ways: CEO Dan Akerson told Bloomberg in an interview last week the company is taking a close look at Tesla Motors to gauge how the Silicon Valley upstart could eventually threaten GM’s business.

Considering GM still draws the ire of electric car advocates years after the EV1 saga, Ackerson’s comments might induce eye-rolling. But the road to electrification, while full of potholes, is underway; and speaking of Tesla, the company scored its first profitable quarter this year and has a market capitalization now slightly higher than Fiat. Meanwhile, Ackerson has succeeded in changing GM’s sclerotic and inward-looking company culture. With a new focus on innovation and design, electrification has got to be part of any automaker’s strategy. A close examination of Tesla and its success would only be logical on GM’s behalf.

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Should GM Lose Sleep Over Tesla?

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About jensera

Jennifer Harrington is a Toronto-based illustrator, writer and graphic designer. She illustrated the best-selling children’s book series 'A Moose in a Maple Tree,' which includes the titles 'A Moose in a Maple Tree,' 'The Night Before a Canadian Christmas' and 'Canadian Jingle Bells.' She is also the owner of JSH Graphics, a boutique graphic design agency that specializes in print and web advertising. With her latest project, Eco Books 4 Kids, Jennifer has partnered with illustrator Michael Arnott to create a series of ecologically-themed ebooks for children. Her next book, 'Spirit Bear,' is due for release in the Summer of 2013. Jennifer offers two different school presentations for her 'Moose in a Maple Tree' collection, an illustration demonstration and a Christmas concert series, which can be booked at www.amooseinamapletree.com. She will be taking bookings for school readings of 'Spirit Bear' beginning in October 2013.

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