General Motors and the Future: Business Trends and Challenges in 2030

This report examines the future of business in the automotive industry, with a specific focus on General Motors and its strategies for the year 2030. The report explores key trends such as Usage-Based Insurance (UBI), V2X and V2G technologies, and the rise of connected vehicles. It highlights ho...Read More

Business in
2030(challenges and
progress)

Cover Content
• Introduction
• Overview of General Motors
• Different trends in Automotive industry which indicate business in
2030 and its major challenges and progress
• Conclusion
• References

Introduction
Business refers as the activity of making individual living and
developing capital by purchasing and selling goods. Every company
need to make proper changes and modification in their current
policies or strategies which assist them in reaching with desired future
goals. The report is based on General motors which is one of the
international production corporation which main aim is to develop
such industry in order to gain future advantages.

Overview of General Motors
General Motors is also known as first production in North America
which use productive design software technology. It is the largest
American automobile manufacture and one of the world's biggest
company. They are produced vehicles in 37 nations and its core
automobile brands involves Chevrolet, Buick, GMC and Cadillac.

Different trends in Automotive industry which
indicate business in 2030 and its major challenges
and progress
Usage Based Insurance (UBI) for vehicles - In this, UBI refer as a
type of motor insurance which includes various features such as
premium computation. This is one of the important progress in auto
mobile insurance sector and it is based on concept of internet of
things. It involves both latest and upcoming applications in the year
of 2030 like PAYD, PHYD, IoT based Fleet management and more.

Contd..
V2X and V2G Technology – While introducing this concept of IoT,
there are different automobile connectivity developed. This includes
technologies such as V2G (Vehicle to Grid), V2V (Vehicle to
Vehicle) V2X, (Vehicle to everything) and more.

Contd..
Connected Vehicles and Vehicles as Hub – It is the advancement in
technologies and continued innovation in automotive industry that
can lead towards increasing self drive car. In this, AI based system
is determined as important components in premium vehicles of GM
in the future.

Conclusion
From the above described report, it can be analysed that business
operations and functions directly affect on future goals and targets
effectively. There are various challenges and progression on the
basis of current trends of automotive industry that can be used for
maintaining and managing business operations in future time period.

References
Gao, P., Kaas, H.W., Mohr, D. and Wee, D., 2016. Automotive revolution–
perspective towards 2030: How the convergence of disruptive
technology-driven trends could transform the auto industry. Advanced
Industries, McKinsey & Company.
Pätäri, S., Tuppura, A., Toppinen, A. and Korhonen, J., 2016. Global
sustainability megaforces in shaping the future of the European pulp and
paper industry towards a bioeconomy. Forest Policy and Economics. 66.
pp.38-46.
Boyd, R., Turner, J. and Ward, B., 2015. Tracking intended nationally
determined contributions: what are the implications for greenhouse gas
emissions in 2030?.

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