REPORTER AUTOS
OF US NEWS AND WORLD REPORT
JOINS US NOW AND JOHN GENERAL
MOTORS IS COMING OFF
A PRETTY BAD 3RD QUARTER, ITS
VEHICLE SALES DROPPED A
WHOPPING 32% FROM THE SAME
PERIOD A
YEAR AGO. SO WHAT ARE YOU
EXPECTING FROM TODAY'S INVESTOR
DAY.
>> I THINK WE'RE GOING TO HEAR
A LOT TODAY FURTHER PLANS AND
TO LOOK FOR THEY ARE
NOW STILL A NUMBER OF ELECTRIC
CARS THEY NEED TO TALK ABOUT
HOW THEY'RE GOING TO BUILD THEM
NOW. AND WHEN IT COMES GO
AHEAD.
AND THEY STILL ON THE OTHER
HAND HAVE TO CLEAN UP
BOTH EVIE.
>> STRUGGLE THAT ARE HAVING
WITHOUT THE ABILITY TO SOUTH
YORKSHIRE CARS, THEY HAVE RIGHT
NOW.
>> NOW THE CORE OBJECTIVE OF
GM'S INVESTOR DAYS FOCUS ON
SHOWING THE POTENTIAL
OPPORTUNITIES AHEAD FOR GOOD IF
SO WHAT DO YOU THINK SOME OF
THOSE OPPORTUNITIES THAT
THEY'LL SHARE.
>> I THINK THEY'RE GOING TO
TALK ABOUT GETTING ARE THE
MAINSTREAM ELECTRIC
VEHICLE MARKET. THEY'VE
ANNOUNCED THE HOMER EVT WHICH
IS A LIFESTYLE. THEY'RE GOING
TO SELL RELATIVE FEW NUMBER
OF THOSE BUT WHAT THEY ARE
GOING TO BUILD IS US OVERALL
TRUCK I'M NOT SURE WHETHER IT'S
GOING TO CALL THE
SILVERADO LIQUOR. BUT THAT'S
WHERE THE VOLUME IS GOING TO
COME FOR GM AND WHAT IT CALLS.
>> NOW THEY ALSO HAVE PLANS ON
OPENING A BATTERY CELL
DEVELOPMENT FACTORY IN MICHIGAN
IN MID 2022, HOW IMPORTANT
IS THIS FOR THEIR GOAL OF
REACHING TOLL EVEN THE FUTURE
AND FOR THEIR INVESTORS TO HEAR
RIGHT NOW.
>> IT'S CRITICAL FOR THE FOR
INVESTORS TO HEAR HOW THEY'RE
GOING TO BUILD ELECTRIC CARS
WHEN MANUFACTURERS
TALK ABOUT MOVING HALF OF THEIR
PRODUCTION
TO AMERICANS CARS ARE TIME
START AFTER THEIR PRODUCTION TO
ELECTRIC CARS. THAT MEANS HALF
THEIR FACTORIES HAVE TO NOT
ABLE TO BUILD ELECTRIC CARS AND
THAT'S GOING TO BE A HUGE
CHALLENGE FOR THE TRADITIONAL
AUTO INDUSTRY. THAT
TRANSFER THOSE THAT FROM
INTERNAL COMBUSTION POWERED
CARS TO BLOCK IT.
>> NOW RIGHT NOW YOU MAY BE
ABLE TO SEE THIS BUT THE MARKET
ON GM RIGHT NOW IT IS UP MORE
THAN A POINT
THERE SO PEOPLE ARE TAKING
NOTICE BUT WHEN IT COMES TO
ELECTRIFYING VEHICLES THAT IS
KIND OF THE BUZZ WORD AROUND
THE AUTO INDUSTRY. BUT ANOTHER
WORD AROUND THE AUTO
INDUSTRY'S, THE SEMICONDUCTOR
SHORTAGE. SO HOW IS GM GOING TO
CREATE EXCITEMENT ABOUT THEIR
INVESTMENTS
IN ELECTRIFICATION BUT AT THE
SAME TIME WE'RE ALL DEALING
WITH THIS CHIP SHORTAGE, WHICH
OF COURSE AFFECTS NOT ONLY
REGULAR VEHICLES, GAS POWERED
ONES BUT ALSO ELECTRIC ONES.
>> BUT WE FEEL LIKE THE PEOPLE
YOU ARE TALKING ABOUT OR
STALLED
FOR YEARS THEY'RE INSTALLING
ABOUT AND BY THE TIME WAS
VEHICLES ARE READY FOR POINT
SURE IT WILL
BE OVER. IT MAY HAVE SOME SHORT
TERM IMPLICATIONS AND THE
DEVELOPMENT CYCLE AND HOW SOME
HUGE IMPLICATIONS AND PRODUCING
THE CARS THEY'RE BUILDING RIGHT
NOW IN CREATING CASH WITH OPEN.
BUT BY
THE TIME, IT'S ELECTRIC
VEHICLES CONCERT A MARKETPLACE,
THE CHIP SHORTAGE SHOULD
>> SPEAKING OF CHIP SHORTAGES
ON AND WHEN THEY MIGHT AND ELON
MUSK SAID IT MIGHT BE SHORT
TERM BUT TALKING RIGHT NOW THEY
HAVE AN INVESTOR DAY TOMORROW
TESLA DOES SO WHAT CAN WE
EXPECT FROM THAT.
>> YOU'RE HERE TEST TALKING A
LOT ABOUT THE NUMBER OF CAR
STATION LAST IT WAS IN PROCESS
BABY, PREVIOUS RECORDS. PART OF
THE REASON IS TESLA IS
A MORE WE'VE INTEGRATED OUR
MANUFACTURER TO MAKE MORE OF
THEIR COMPONENTS SO THEY CAN
CONTROL THEIR OWN DESTINY.
MORE THAN THE KURDISH MALL.
>> NOW WHEN IT COMES TO THE
CHIP SHORTAGE ELON SAYS AND
IT'S GOING TO BE SHORT LIVED
IT'S NOT GOING TO BE AROUND FOR
TOO LONG, WHAT ARE YOUR
THOUGHTS ON HOW LONG THE CHIP
SHORTAGE WILL LAST.
>> I THINK WE'RE GOING TO BE
WELL INTO
2020 BEFORE 2023 20.4 BEFORE
IT'S COMPLETELY SORTED OUT.
IT TAKES A LONG TIME TO
DEVELOP THE INFRASTRUCTURE TO
MAKE MY CURTAINS IT'S NOT
SOMETHING YOU CAN SWITCH
OVERNIGHT. PART OF THE PROBLEM
WITH THE
TRADITIONAL ARMY IS IT SHIPS
THEY USE ARE VERY SPECIAL
PURPOSE CHIPS. IF YOU LOOK AT
TESLA THEY'RE USING MORE
GENERAL PERKINS CHIPS THAT THEY
CAN REPROGRAM TO DO WHATEVER
THEY NEED THEM
TO DO. GIVES TESLA AN ADVANTAGE
AND WITH NEW ELECTRIC CARS
GOING FORWARD I THINK THE
LEGACY AUTOMAKERS WILL TAKE A
LESSON FROM THAT AND BE
ABLE TO PUT MORE FLEXIBLE
ARCHITECTURE AND THE ARTS.
>> NOW ALSO WHEN IT COMES TO
ISSUES WITH THE AUTO INDUSTRY
CHIPS AREN'T THE ONLY THING AND
IF YOU CAN SHARE YOUR EXPERTISE
AND WHAT ELSE. WHAT OTHER
OBSTACLES THESE CAR
MANUFACTURERS ARE DEALING WITH
RIGHT NOW.
>> LIKE EVERY INDUSTRY THEY'RE
DEALING WITH LABOR SHORTAGES.
IT'S HARD TO FIND WORKERS
ARE IN. THEY'RE DEALING WITH
OTHER SUPPLY CHAIN ISSUES THAN
MICROCHIPS
IF YOU LOOK AT THE LOS ANGELES
HARBOR AND HOW MANY CONTAINER
SHIPS ARE SITTING OFF THE COAST
TOO. CALIFORNIA
RIGHT NOW. A LOT OF THOSE
CONTAINERS ARE FULL OF CAR
PARTS STEREO OWNS SCREENS FOR
NAVIGATION SYSTEMS. YOU NAME
THE SUPPLY CHAIN AS WELL.
>> NOW WHEN IT COMES TO ALL
THESE AUTO MANUFACTURERS SAYING
WE'RE BUILDING EVS ARE BUILDING
THESE ONE THING THAT COMES TO
MIND THAT I NEVER QUITE HEAR
ENOUGH OF HIS INFRASTRUCTURE
WITH ALL THESE EXTRA TV'S ON
THE ROAD, HOW IS INFRASTRUCTURE
GOING TO CATCH UP.
>> INFRASTRUCTURE IS GOING TO
HAVE TO CATCH IT IS A WEAK SPOT
IN THE VISION RIGHT NOW.
IT'S BETTER THAN IT WAS A
COUPLE YEARS AGO THE COUPLE YOU
MORE YEARS IT WILL BE MUCH
BETTER THAN IT IS NOW. BUT.
>> YOU KNOW
>> IF YOU GO TO A GAS STATION
THEY CAN'T PUMP GAS YOU CAN GO
DOWN THE STREET TO ANOTHER
GUEST IS THAT'S NOT EXACTLY THE
SAME WITH THAT THE CHARGERS
WHERE THE NEXT TV CHARTER MIGHT
THE 2030 40 MILES AWAY.
THAT SAID MOST EACH CHARGING
WILL END
UP HAPPENING PEOPLE TURN TO THE
CARS OVERNIGHT IN A ROOM AND
THINK ABOUT CHARGING AS WHEN
THEY
GOT HOME TO FIND THEIR CAR IN
THE APARTMENT THE NEXT MORNING
AND IT'S FREE.
>> NOW MY LAST QUESTION FOR YOU
IS DESPITE THE FACT THAT ALL
THESE ON MANUFACTURERS ARE
CRAZY THE CARS THESE ARE
THE FIRST SERIES OF TV CAR.
SO HOW DO THEY KNOW HOW
INVESTORS NOW IF CONSUMERS ARE
IT'S A
ACTUALLY EXCITED TO BE ONE OF
THE FOUNDERS I SUPPOSE IN
DRIVING THESE NEW VEHICLES IN
THAT MOST FOLKS JUST WAIT IT
OUT FOR THE NEXT ONE.
>> SO WHAT WE'VE SEEN IN THE TV
INDUSTRY SO FAR IS JUST THE PRE
GAME. WE WERE NOT EVEN INTO
IT YET. IN THE NEXT FEW YEARS
WE'RE GOING TO SEE MORE THAN 50
NEW VEHICLES THAT ARE ELECTED.
>> ON
THE MARK.
>> THERE'S GOING TO BE ANY BE
FOR EVERYBODY AT SOME POINT
JUST LIKE THERE'S A GAS CAR FOR