this the beginning of similar partnerships coming with other automakers we'll discuss this with bob lutzta north america and chrysler bob, i'll come to you first. i mean, what's your view in terms of how significant this is this is a partnership between the two automakers and not in this area. >> that's true gm and hond a have collaborated on other ventures that require a great deal -- a great deal of engineering but not that much in near-term revenue, and certainly fully autonomous vehicles fit that category. as was pointed out, this isn't gm, this is the is up sidry which has a market cap of over $14 billion and $15 billion and it's good because gm's cruise automation is one of the two companies that's going to be a leader in the development field and the other being waymo and -- and the japanese automakers have been a little bit slow, especially honda a little bit slow to embrace the development of fully autonomous cars, and this is a quick move which gets them up to the first tier of whatever is going on there and it's advantageous to gm it increases the market cap and gives it addit

. >> joining us now, former gm vice chairman bob lutz bob, you've been critical.rous mess and last said it's headed for the graveyard, and elon musk retweeted that comment has anything in the last week, better governance, mandated by the s.e.c., better delivery numbers here this morning, changed your opinion >> wait a minute delivery numbers in the case of other automobile companies generate revenue immediately, because they build the dealers tesla has no dealers so the cars remain in the tesla system they go out to the tesla factory-owned store. until they are actually retail deliveries, no money changes hands. so i think in the press release, which i thought was very maturely worded for once, they spoke of deliveries. deliveries or production well, where does the production go and deliveries to whom? deliveries to factory stores or deliveries to the ultimate consumer that makes a big difference, because production, as i say in the case of tesla, is not like other automobile companies that vehicle is not built to someone when it leaves the production line. having

ivan: bob lutz has been very , butcal of elon and tesla there are a number of retired and even current executives that would be very additive to the company. emily: what are your reactions to the names we are hearing? dana: their name -- there needs to be another woman of the board. somebody with utility experience. traditional auto, i can't see tesla going along with that. been to disrupt votto. i don't know what the process is for searching for the new board member who will decide if they are bringing in a search firm or not. emily: what we know about the timeline? i am imagining they will try to get new board members as fast as possible but i forget what the exact deadline is. emily: aside from model three production, what are the other challenges ahead? he promised profitability. early sundaynday, morning after the settlement was --ounced, he said another sent another he mailed to the entire staff talking about what needed to be done in order to deliver on this goal of profitability he has promised. ivan: i agree that the new board member should be a woman in light of the new bill

. >> interesting, though, that bob lutz yesterday, phil, talked about competition to tesla and the next day we get an announcement like this it's going to be interesting to watch this space over the next year >>> meanwhile apple's tim cook sat down with vice news for a conversation about data and privacy while calling out other tech companies on their own data practices. take a listen. >> any brand out there cares deeply about the continued -- >> joining us this morning here, eric capoe, as we got that sound cut short. i think you're familiar with the sound bite, talked about human curation at apple news, and said that collecting data doesn't lead to better products. how much of all of that do you agree with >> apple is making this a marquee issue for the moment and clearly aligning themselves on the good side which is to say we're not going to take your data unnecessarily if we do take your data, it's just to improve the product. we're not going to sell it to anybody. this is in sharp contrast to facebook and google and others who basically use your data to sell to the advertisers and

. >> ron, one question, one issue that's been brought up this was from bob lutz on friday and i know't liked this from the beginning. >> he says they're going to go bankrupt. >> but he brought up a point on friday i hadn't really considered before. and that's the not having dealers is a huge disadvantage over the long run from a financial perspective. when you have a dealership network, they take the ownership of the vehicle from the minute it moves out of the factory. if you don't have that dealer network system, this is inventory that has to sit on your balance sheet how do you handle that if you don't have a network dealer? i did more research on it. henry ford was the one that invented the dealership model. he did it because ford was short on cash at that point. local dealerships would take out their own loans. and then that way the organization would have a much bigger float and it wouldn't be riding necessarily on the company. that's an argument that kind of makes sense to me. why is tesla not using it? >> when he formed the dealer network, you're right, it was because he didn'

bob lutz and former chrysler president, jim press, are both with us to talk about how big of a game-changerhe industry that's coming up on the "closing bell." >>> shares have been unable to hold the highs of the open but gm is an interesting story. >>> when we come back, jeff bezos and tim cook speak out we'll get to that next don't go away. at&t provides edge-to-edge intelligence, covering virtually every part of your healthcare business. so that if she has a heart problem & the staff needs to know, they will & they'll drop everything can you take a look at her vitals? & share the data with other specialists yeah, i'm looking at them now. & they'll drop everything hey. & take care of this baby yeah, that procedure seems right. & that one too. at&t provides edge to edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & when your patient's tests come back... wow! record time. at cognizant, we're helping today's leading life sciences companies go beyond developing prescriptions to offering subscriptions with personalized, real-time advice for

former gm chairman bob lutz and former chrysler president jim press tell us what it means for the autozen in for kelly evans. eight officials speaking out across the country we'll bring you the key moments from america's economic leaders