From Dan Akerson, former CEO of General Motors on Apple building a car.
I think somebody is kind of trying to cough up a hairball here. If I were an Apple shareholder, I wouldn’t be very happy. I would be highly suspect of the long-term prospect of getting into a low-margin, heavy-manufacturing” business… A lot of people who don’t ever operate in it don’t understand and have a tendency to underestimate… They’d better think carefully if they want to get into the hard-core manufacturing… We take steel, raw steel, and turn it into car. They have no idea what they’re getting into if they get into that.
Of course, Apple didn’t know diddly squat about the smartphone business before taking away the industry’s profits.