For so-called "traditional" automakers, Detroit's Big Three have spent considerable resources over the past few months upending their conventional business models.
Self Driving Cars
At least two prominent billionaires believe the arrival of self-driving cars will eventually spell the end of the auto insurance industry. Speaking on CNBC's "Squawk Box" on Monday morning, Warren Buffett and Bill Gates said they believe autonomous vehicles will upend car insurers.
It's been a banner month for self-driving cars. At CES, at least a dozen companies made significant announcements related to autonomous vehicle development. For a few days, the future of transportation was there for anyone who cared to step away from a blackjack table to witness.
A fake city rising from the middle of a Midwestern college campus is more than a proving ground for autonomous and connected car technology expected to revolutionize American roads. It's a lynchpin in Michigan's strategy to stay economically relevant and prevent automotive technology jobs from being poached by Silicon Valley.
An increasing number of people are starting to consider the potential downsides of a transition to autonomous cars. The FBI is already looking at them for the potential ill effects on law enforcement, and a scientist for Toyota is raising the possibility that driverless vehicles could actually be detrimental to the environment over the long term.
While Nissan and General Motors have sworn they will bring self-driving cars to market by 2020, Tesla Motors says it can happen much faster. We shouldn't be surprised, says Tesla Motor's Chief Technology Officer JB Straubel, since all of the technology that's needed, the sensors and processors, are already here.