From the Detroit Free Press article on hedge fund Engine No. One investing in General Motors:
“The company’s early lead on battery technology, along with Mary Barra and the board’s leadership, creates tremendous advantages," James said in the statement. "There’s a narrative that only tech companies can move quickly to embrace change and win as the world changes. We don’t think that’s true."
James listed examples of GM’s emerging leadership in the transformation to include GM's investments in localizing its battery plants, creating its new Ultium battery platform, and its plan to leverage its scale.
"With the right leadership at the board and management level, incumbent companies can transform themselves and their own industry by aggressively investing in the near term in order to drive value creation over the long term," James said. "GM has that leadership.”