Source:
https://scmp.com/business/companies/article/1298555/detroit-carmakers-wrestle-silicon-valley-vc-model
Business/ Companies

Detroit carmakers wrestle with Silicon Valley VC model

The unexpected success of high-tech vehicles from Tesla has big Detroit carmakers scurrying to catch up. Photo: AP

Detroit automakers General Motors and Ford, trying to shake off decades of insularity, are looking to California’s Silicon Valley and beyond for innovative ideas and technology that could disrupt and even transform the car business.

Yet neither company appears to know what such a transformation would look like, nor are they close to commercializing a new product or process that longtime Valley venture capitalists would consider game-changing.