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GM exec calls Apple Car a ‘gigantic money pit’

<p>Industry insiders are absolutely positive that Apple has no business entering the smartphone smartwatch car industry — with former GM Vice Chairman Bob Lutz telling CNBC that an Apple Car has the potential to be a, “gigantic money pit.” Yep, we agree Lutz — an autonomous Apple Car has the potential to make loads of money for […]</p><p>(via <a rel="nofollow" href="http://www.cultofmac.com">Cult of Mac - Tech and culture through an Apple lens[/url])</p><br clear='all'/>

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<img src="http://da.feedsportal.com/r/238386249043/u/49/f/606249/c/33797/s/4a113305/sc/21/a2.img" border="0"/> (http://da.feedsportal.com/r/238386249043/u/49/f/606249/c/33797/s/4a113305/sc/21/a2.htm)<img width="1" height="1" src="http://pi.feedsportal.com/r/238386249043/u/49/f/606249/c/33797/s/4a113305/sc/21/a2t.img" border="0"/><img width='1' height='1' src='(http://cultofmac.com.feedsportal.com/c/33797/f/606249/s/4a113305/sc/21/mf.gif)' border='0'/><img src="http://feeds.feedburner.com/~r/cultofmac/bFow/~4/uJhlqWrlhhA" height="1" width="1" alt=""/>

Source: GM exec calls Apple Car a ‘gigantic money pit’ (http://feedproxy.google.com/~r/cultofmac/bFow/~3/uJhlqWrlhhA/story01.htm)