Rivals Come Together for an (Autonomous) Cause
BMW rivals and ride-hailing companies are considering joining its consortium for developing self-driving cars as auto industry profits come under increasing pressure, board member Klaus Froehlich said. Carmakers and ride-hailing companies have sought to build self-driving cars as a way to enter the business of smartphone-hailed robotaxis. However, they are entering a crowded field where the likes of Apple and Alphabet Inc have been pouring billions of dollars into cars that can drive themselves. So – it begs the question … Is there room for everyone?