Traditional automakers' defense. Unbundling the car. Testing 2016's top autonomous vehicles.
A puncher’s chance
For nearly a century, the auto industry has been cited as a textbook example of an oligopoly, with its capital-intensive nature, myriad regulations, and handful of global brands.
But with the advent of tech-driven trends such as ride-hailing, electrification and automation, newcomers like Tesla have forced their way into the picture, with other tech companies like Google and Uber also circling for opportunities.
To a growing crowd within and outside of tech, the existing auto complex resembles a dinosaur akin to the newspaper or film photography industries, ready to have its business upended by Silicon Valley.
But despite some dragging of heels, players in big auto still have the resources, R&D muscle, and strategic will — along with active investment arms — to make the auto tech race an interesting one.
In the first of a two-part series, we take a look at why major automakers like Volvo and GM still have a chance to shape the future of personal transport.