General Motors is currently the World’s largest automaker. Yet, when it comes to research and development spending, Autoline Daily has discovered that it ranks third in the world as of 2010, spending $6.96 billion to Toyota’s $8.49 billion and Volkswagen’s $9.2 billion (the very same company that developed the Bugatti Veyron).
At the same time, GM falls to fourth place behind BMW, Honda and Volkswagen is R&D spending relative to percentage of company revenue, spending 5.1% of all its funding on future product development.
It makes us wonder what would happen if The General was number one in R&D spending. Would the Chevy Volt be cheaper? Would it have already launched a double-clutch transmission? Would its full-sized pickup trucks have already achieved a fuel economy of 25 mpg highway? Would products such as the recently-cancelled Alpha-based convertible still be on the horizon? Who knows.