Self-Driving and Electric Car Industries Need to Curb the Spend
It’s time to watch that self-driving bottom line.
Global automobile and auto parts makers which want to capitalize on electric and autonomous vehicles need to cut back investments and forge more partnerships instead, the chief executive of global parts supplier Magna International said. Over the next decade, vehicle and parts suppliers plan to spend $300 billion to bring electric cars to the mass market, Magna CEO Don Walker said, a huge jump from last year’s industry estimate of $90 billion for the period.
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