The frustrating thing with BMW and the like is that they're more capable than anyone of making this happen. Premium/luxury car experience? Check. Highly skilled workforce? Check. Adequate funding? Check. Economies of scale? Check. Situated in a country with suitable government support- loans, grants, business friendly climate? Check. Solid global brand that graduates and engineering professionals want to work for? Check.
Germany is dripping in engineering and manufacturing expertise. Siemens and Bosch are on the doorstep. It's just unfortunate that German business can be very conservative and risk averse, and the automotive sector is no different. It shouldn't have taken outsiders to change the game. A lot of the competition is going to come not just from Tesla, but from China, where state backed players are getting established on their own turf. It's slightly reminiscent of the rise of the Japanese motorbike companies in the 70s. Leaner, more ambitious and focused competition usurping the previous big players. The Koreans too. I don't think BMW are going to disappear for one minute. But letting competitors and new entrants steal your thunder (and market share) should be unacceptable to any industry figures who consider themselves at/near the top of their game.
Germany is dripping in engineering and manufacturing expertise. Siemens and Bosch are on the doorstep. It's just unfortunate that German business can be very conservative and risk averse, and the automotive sector is no different. It shouldn't have taken outsiders to change the game. A lot of the competition is going to come not just from Tesla, but from China, where state backed players are getting established on their own turf. It's slightly reminiscent of the rise of the Japanese motorbike companies in the 70s. Leaner, more ambitious and focused competition usurping the previous big players. The Koreans too. I don't think BMW are going to disappear for one minute. But letting competitors and new entrants steal your thunder (and market share) should be unacceptable to any industry figures who consider themselves at/near the top of their game.