General Motors may not be as shiny or sexy as Silicon Valley-based automaker Tesla, but it continues to prove many wrong with new technology and investments. Bob Lutz, a former GM executive, once again reiterated that “dumb old Detroit” is being underestimated.
Lutz, an outspoken critic of Tesla, appeared on CNBC’s “Squawk Alley” as GM share prices continue to rally on Wall Street. Most recently, GM announced a major commitment to electrifying its vehicle lineup in the coming years and rolled out its Super Cruise technology on the 2018 Cadillac CT6. Lutz says both of these factors show GM, and Detroit automakers, aren’t lagging behind.
“General Motors is an extremely competent company, as is Ford,” Lutz said. “General Motors has demonstrated they can master any technology they set their mind to,” he added, referencing Super Cruise and GM’s track record for electrified cars.
“I have been saying this repeatedly for years, but it always fell on deaf ears, because it was ‘dumb old Detroit’ versus ‘smart modern Silicon Valley.’ And in the real world, that just isn’t true.”
GM’s near-future plans include two new battery-electric cars in the next 18 months, and 20 new all-electric vehicles will arrive by 2023. One of these cars is likely a Bolt EV-based Buick electric car with more premium appointments.