Automakers, suppliers and startups are scrambling to develop technologies such as those needed for self-driving vehicles at a speed never seen before in the auto industry, says one financial veteran.
“We have more than 50 ‘name’ companies that are working on autonomous vehicles. In addition to that, there are hundreds — literally hundreds — of smaller startup kind of ventures,” said Al Koch, vice chairman of AlixPartners, speaking Thursday at the CAR Management Briefing Seminars here. “It’s a huge, huge market and changing very, very rapidly.”
