Insight: GM hopes spending on start-ups will make it cool
With a solar charging station as a backdrop, GM's venture capital unit touts a $7.5 million investment in Sunlogics, at the solar energy system maker's new headquarters in a former auto parts plant in Rochester Hills, Michigan.Ugg boots,Wholesale Ugg,Ugg Outlet;Ugg Outlet Store;UGG Bailey Button Boots;UGG Tasmina SandalsUGG Bags;UGG Classic Argyle Knit;UGG Classic Cardy Boots;UGG Classic Mini Boots;UGG Classic Short Boots
The investment, announced last month, gives GM Ventures a stake in a company building solar charging equipment. It comes out of a $200 million venture capital budget GM earmarked to spend over three years in response to fears that the world's largest automaker could lose out on the next big thing to start-ups such as electric car maker Tesla Motors Oil painting reproductions.UGG Gypsy Sandals;UGG Fluff Flip Flop Slipper;UGG Sundance Ii Boots;UGG Ascot Slippers;UGG Fluff Scuff Ii
While the investment fund is minuscule compared with GM's $8 billion annual research and development budget, the commitment to venture-style investing is a radical step. After all, this is a company that is still one-third owned by the U.S. government and better known for its entrenched bureaucracy and crippling risk aversion over the past 30 years.UGG Classic Tall Boots;UGG Coquette Slippers;UGG Infants Erin Boots;UGG Margot;UGG Nightfall Boots;UGG Ultimate Bind Boots;UGG Ultra Short Boots;UGG Ultra Tall Boots 8.17duel
Insight: GM hopes spending on start-ups will make it cool
| Started 9 months ago by liao | (1 post) (1 voice) |
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Posted 9 months ago #
