Automakers are spending billions on self-driving technology people are afraid of
On the surface, cost-cutting is the name of the game in the automotive industry. Many automakers areslashingunprofitable, low-volume nameplates from their portfolios in a bid to save money. But, behind the scenes, major car brands are allocating more brains and dollars to research and development than ever before. They’re not designing V8s; they’re funneling the bulk of the money they save into the development of electric and autonomous technology many analysts predict will finally reach the mainstream during the 2020s....