GM exec disses the Apple car, calls it a 'gigantic money pit' - Fortune

No one has made a nickel selling electric cars, Bob Lutz told CNBC Monday, responding to reports that Apple has redoubled its automotive efforts and is aiming to introduce an electric car in 2019 or 2020.

“Apple has no experience,” Lutz said. “There’s no reason to assume Apple will do a better job than General Motors, Ford, Volkswagen, Toyota or Hyundai. I think this is going to be a gigantic money pit.”

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