{"id":4220,"date":"2015-09-23T09:31:41","date_gmt":"2015-09-22T23:31:41","guid":{"rendered":"https:\/\/reckoner.com.au\/?p=4220"},"modified":"2015-09-23T09:31:41","modified_gmt":"2015-09-22T23:31:41","slug":"former-gm-exec-calls-rumoured-apple-car-a-gigantic-money-pit","status":"publish","type":"post","link":"https:\/\/reckoner.com.au\/news\/former-gm-exec-calls-rumoured-apple-car-a-gigantic-money-pit\/","title":{"rendered":"Former GM exec calls rumoured Apple Car &#8216;a gigantic money pit&#8217;"},"content":{"rendered":"<blockquote><p>Despite having no apparent personal knowledge of an Apple-built electric car, former General Motors vice chairman Bob Lutz proclaimed this week that shareholders should be &#8220;very upset&#8221; that Apple may be eyeing an entrance into the automotive business.<\/p><\/blockquote>\n<blockquote><p>&#8220;When it comes to actually making cars, there is no reason to assume that Apple, with no experience, will suddenly do a better job than General Motors, Ford, Volkswagen, Toyota, or Hyundai,&#8221; Lutz said. &#8220;So I think this is going to be a giant money pit.<\/p><\/blockquote>\n<p>This from a guy who&#8217;s a known climate skeptic and was\u00a0VC of Global Product Development leading into GM&#8217;s worst financial period and government funded bailout. Love it.<\/p>\n<p>Even if Apple aren&#8217;t making an electric car having someone like Lutz feel the need to dog on it\u00a0shows you just how scared these dinosaurs of industry are.<\/p>\n<p><span class=\"source-link\"><span class=\"source-link\">Source: <em><a href=\"http:\/\/appleinsider.com\/articles\/15\/09\/22\/former-gm-exec-pans-rumored-apple-car-sight-unseen-calls-it-a-gigantic-money-pit\">Former GM exec pans rumored &#8216;Apple Car&#8217; sight unseen, calls it &#8216;a gigantic money pit&#8217;<\/a><\/em><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Despite having no apparent personal knowledge of an Apple-built electric car, former General Motors vice chairman Bob Lutz&hellip;\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"link","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[10],"tags":[],"jetpack_publicize_connections":[],"reckoner_social_message":null,"_links":{"self":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/posts\/4220"}],"collection":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/comments?post=4220"}],"version-history":[{"count":0,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/posts\/4220\/revisions"}],"wp:attachment":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/media?parent=4220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/categories?post=4220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/tags?post=4220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}