Just the Facts: The Auto Industry's Electric Future

The auto industry faced a major crisis during the financial downturn, prompting restructuring for efficiency. As the world shifts to electric vehicles, the industry must adapt again. The market is poised for growth, with traditional automakers like GM and new players like Tesla competing. Challenges remain for traditional companies in R&D investment. Success may depend on tech innovations and leadership, with companies like Ford and GM showing potential.

What was the primary reason for the auto industry's restructuring during the financial crisis?

• To become more efficient and profitable

• To focus on luxury vehicles

• To expand into international markets

• To increase the number of car models

What is the expected market size for electric vehicles according to Dan Ives?

• $1 trillion

• $10 trillion

• $3 trillion

• $5 trillion

Which company is mentioned as being well-positioned in the electric vehicle market?

• General Motors

• Ford

• Rivian

• Tesla

According to Kathy Wood, what percentage of GM's R&D budget is currently allocated to electric vehicles?

• 50%

• 25%

• 10%

• 100%

What factor, besides electric vehicles, might determine the future success of auto companies?

• Fuel efficiency

• Brand loyalty

• Marketing strategies

• Technological innovations