GM Is Taking 'Big Risk,' Autotrader's Krebs Says

The transcript discusses General Motors' strategic challenges and plans. GM is facing issues with excess car production capacity and is closing some plants. The company aims to lead in electric and autonomous vehicles, despite the current low market share of electric cars. Political and market factors, including comments from Donald Trump, influence GM's decisions. Upcoming union negotiations will impact future product allocations. GM's strategy involves significant risks, but the company is committed to innovation and competing with tech giants like Google and Waymo.

What is the main reason GM is considering closing some of its plants?

• They want to focus solely on SUVs.

• They have too many cars and factory capacity invested in traditional cars.

• They are moving their operations overseas.

• They are merging with another company.

Why is it challenging for GM to convert all its plants to produce electric vehicles?

• Electric vehicles currently make up less than 2% of the market.

• There is a lack of skilled labor.

• Electric vehicles are not yet profitable.

• The technology is not yet available.

What is a significant factor in GM's future product allocation?

• The demand for SUVs.

• The availability of raw materials.

• The success of their marketing campaigns.

• The outcome of UAW contract negotiations.

Which companies are considered GM's competitors in the race for electric and autonomous vehicle leadership?

• Tesla and Ford

• Google and Waymo

• Nissan and BMW

• Toyota and Honda

What is GM's stance on the risk of investing in electric and autonomous vehicles?

• They believe it is too risky and are not pursuing it.

• They are determined to be leaders despite the risks.

• They are waiting for other companies to lead first.

• They are focusing only on electric vehicles, not autonomous ones.