July 24, 2013

BIG DISRUPTION:

Akerson Demands GM Innovation to Blunt Tesla Threat (Tim Higgins, Jul 18, 2013, Bloomberg)

As General Motors Co. (GM) Chief Executive Officer Dan Akerson sees it, Tesla Motors Inc. (TSLA) has the potential to be a disruptive force to the automotive industry and he doesn't want to be caught off guard.

The former telecommunication executive has assigned a small team to study billionaire industrialist Elon Musk's upstart electric-car maker and how it might threaten the 104-year-old automaker's business, Steve Girsky, GM vice chairman, said last week during an interview at Bloomberg headquarters in New York.

"He thinks Tesla could be a big disrupter if we're not careful," Girsky said. "History is littered with big companies that ignored innovation that was coming their way because you didn't know where you could be disrupted."

Posted by at July 24, 2013 5:50 PM
  

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