DETROIT -- The automotive industry is gambling, and likely wasting billions and billions of dollars , on connected cars and electric vehicles, because only a handful of companies will "win" in the emerging market, while others will need to adopt technologies from leading rivals, according to consulting firm AlixPartners . Some traditional carmakers such as General Motors and AlixPartners are "hedging their bets" while newcomers from Silicon Valley , such as Tesla Inc.​ , are putting all their resources into disrupting the industry, Ford said.
The automotive industry is gambling, and likely wasting billions and billions of dollars , on connected cars and electric vehicles, because only a handful of companies will "win" in the emerging market, while others will need to adopt technologies from leading rivals, according to consulting firm AlixPartners . Some traditional carmakers such as General Motors and AlixPartners are "hedging their bets" while newcomers from Silicon Valley , such as Tesla Inc.​ , are putting all their resources into disrupting the industry, Ford said.