Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday February 18, 2015

Ex-GM CEO Says Apple Would Be Crazy To Make Cars

I have to agree with this guy. I honestly can't see Apple getting into a market where margins are so low and the competition is so high.

"I think somebody is kind of trying to cough up a hairball here," Akerson said in a telephone interview. "If I were an Apple shareholder, I wouldn’t be very happy. I would be highly suspect of the long-term prospect of getting into a low-margin, heavy-manufacturing" business.