Automakers May Not Be Financially Equipped To Deal With Upcoming Technology Race

Ask a futurist which cars will rule the roads in 2050, and they might describe a world in which people ride in self-driving electric pods that connect to the digital cloud and are shared by dozens of passengers every day.

Inching toward that future will be a huge capital challenge for automakers, which will face pressure on their profit margins as technology demands grow and car sales slow in markets such as the U.S. and China, according to a report released today by the New York-based consultancy AlixPartners.

TheSteve - 6/23/2015 2:21:09 PM

+1 Boost

The "Technology Race" makes news and inspired flapping jaws. Meanwhile, real cars are what's selling in the showrooms and being bought by consumers.