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For the moment, in public, they are adopting the sober stance that they’re paying attention to the Apple risk, while many former auto executives and industry pundits drone on about how Apple can’t possibly succeed on this business as a result of automotive manufacturing is a hugely capital-intensive, low-margin enterprise that is dramatically different from the industries it has already disrupted.
To keep at bay the attack of the tech monsters, Mr. Balsillie suggests a defence neither the auto trade nor competition watchdogs appear more likely to embrace: Team up and deploy their mixed market clout to move them off by developing with their very own value-added model.