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The future of the auto industry is heading toward "shared autonomy," which will make the industry unrecognizable, according to Adam Jonas, lead auto analyst at Morgan Stanley.
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Publicly held corporations include risk factors in their annual reports that forecast potential market forces that may impact their business. Recently, three insurance companies and an auto-parts supplier cited the emergence of autonomous vehicles as potentially disruptive to their future business.
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Hyundai will begin rolling out a highway driving assist system later this year with plans to offer "fully automated driving" by 2030, a senior Hyundai Motor official told the Korea Herald.
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Volvo Cars is taking self-driving cars out of the research lab and putting them on public roadways in Sweden by 2017 during an next-level test of automated driving, the luxury automaker has announced.
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Ford Motor Co. has opened a research center in Silicon Valley to accelerate its development of technologies and experiments in connectivity, mobility, autonomous vehicles, customer experience and big data.
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Rinspeed plans on unveiling its Budii concept at the 2015 Geneva Motor Show in March.
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The University of Michigan campus will soon be home to a 32-acre testing facility for connected and automated vehicle technologies.
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Nissan and NASA have entered a five-year partnership to research and develop autonomous driving technology.
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Mercedes-Benz showed off a self-driving luxury research sedan at the Consumer Electronics Show that allows occupants to relax in a "lounge-like interior" or get some work done while being driven from point to point.
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The industry consensus is that fleet license & title services will become more expensive in future years as vehicle registrations are blocked for unpaid tolls & violations. Transaction fees will increase to offset DMV budget shortages.
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