“Dan Akerson, retired chief executive officer of General Motors Co., said Apple Inc. should steer clear of the business of making cars, though a push into automobile electronics would be a better move for the iPhone maker,” Tim Higgins reports for Bloomberg.
“‘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,'” Higgins reports. “The car industry, with regulatory and safety requirements, is harder than people realize, Akerson said. ‘A lot of people who don’t ever operate in it don’t understand and have a tendency to underestimate,’ he said.”
Read more in the full article here.
We’ve learned and struggled for a few years here figuring out how to make a decent phone. PC guys are not going to just figure this out. They’re not going to just walk in. – Ed Colligan, Palm CEO, November 16, 2006