Comment by JumpCrisscross

> short term focus is far too rewarded in Western companies

Zero auto companies outside China, America and Europe have successfully pivoted to EVs. And even within China, it's basically Geely and Changan. All the others are new entrants.

> China commonly avoids this trap with stakeholder rather than shareholder based governance

GM's unions own a significant fraction of its shares. This is a stakeholder system. What you may be referring to is state ownership, not stakeholder-based governance.