GM has a recurring pattern of falling behind and attempting 'Hail Mary' technology passes that fail, exemplified by Roger Smith spending roughly $40-50 billion on robots and high-tech manufacturing for virtually nothing while Toyota won by slogging ahead with continuous incremental improvements and no big technology gambles.

causalpending

Speaker

Jonathan Rauch

Evidence Quote

that money went right down the drain they got virtually nothing for their their investment

Source

Jonathan Rauch on the Volt, Risk, and Corporate Culture 09/01/2008EconTalk
Created: 6/16/2026, 2:36:26 PM

My Notes

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