(Reuters) - Pam Fletcher wants to change the way General Motors Co makes money.
FILE PHOTO: A mobile phone displays the OnStar app inside a Chevrolet Volt vehicle in this photo illustration taken in Encinitas, California, July 30, 2015. REUTERS/Mike Blake/File Photo
The veteran GM engineer’s Global Innovation team is looking for new enterprises to expand the automaker’s sources of revenue well beyond vehicle sales and is incubating ventures from commercial delivery services to vehicle insurance, to address future markets worth an estimated $1.3 trillion. That doesn’t include flying cars, a market sector that alone could be worth $1.3 trillion, Fletcher told Reuters.
GM CEO Mary Barra bets the General can grow beyond cars and trucks autoblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoblog.com Daily Mail and Mail on Sunday newspapers.
CEO Mary Barra bets GM can grow beyond cars and trucks
By Paul Lienert, Ben Klayman and Joseph White
Reuters
(Reuters) - Pam Fletcher wants to change the way General Motors Co makes money.
The veteran GM engineer s Global Innovation team is looking for new enterprises to expand the automaker s sources of revenue well beyond vehicle sales and is incubating ventures from commercial delivery services to vehicle insurance, to address future markets worth an estimated $1.3 trillion. That doesn t include flying cars, a market sector that alone could be worth $1.3 trillion, Fletcher told Reuters.
On a recent video chat, Fletcher counted silently before answering how many ventures her team is shepherding. “Just under 20,” she said.
GM Sees Insurance As Part of Growing Its Business Beyond Cars, Trucks
Pam Fletcher wants to change the way General Motors Co. makes money.
The veteran GM engineer’s Global Innovation team is looking for new enterprises to expand the automaker’s sources of revenue well beyond vehicle sales and is incubating ventures from commercial delivery services to vehicle insurance, to address future markets worth an estimated $1.3 trillion. That doesn’t include flying cars, a market sector that alone could be worth $1.3 trillion, Fletcher told Reuters.
On a recent video chat, Fletcher counted silently before answering how many ventures her team is shepherding. “Just under 20,” she said.
CEO Mary Barra bets GM can grow beyond cars and trucks windsorstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from windsorstar.com Daily Mail and Mail on Sunday newspapers.