"The big winner in the future is going to be this person who can figure out how to change their organization into more of a consumer electronics kind of business than what we've seen," he said. The automotive industry is gambling, and likely wasting 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. "The auto sector has been betting that autonomous vehicles are going to be here for decades," said Michael Dunne, senior analyst at AlixPartners, which specializes in automotive-related investments.
The automotive industry is gambling, and likely wasting 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. "The auto sector has been betting that autonomous vehicles are going to be here for decades," said Michael Dunne, senior analyst at AlixPartners, which specializes in automotive-related investments.