You might not be able to turn an aircraft carrier on a dime but when you do you've got an aircraft carrier.
GM (and the other automotive manufacturers for that matter) decided they wanted in on self driving and electric vehicles, had a few meetings, wrote a few checks and a few years later look at the result. Are Google and Tesla going to reply with similar videos?
He's saying that while it may be more difficult to change strategic direction of a $50B company (Ford/Gm/etc.), once you do, you have a huge company and giant production line behind you.
I interpret it as GM/Ford etc, the big ones, means serious competetion when they start focusing on this, but they are slow to start the focus since they are big.
You might not be able to turn an aircraft carrier on a dime but when you do you've got an aircraft carrier.
GM (and the other automotive manufacturers for that matter) decided they wanted in on self driving and electric vehicles, had a few meetings, wrote a few checks and a few years later look at the result. Are Google and Tesla going to reply with similar videos?