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Driverless cars a destructive force in auto industry

2015-05-29 19:13:36| Auto Dealers - Topix.net

What happens to an industry which develops a new offering so fantastic that ownership of its product is cut in half? Investors in carmakers may in coming decades find out, as the advent of driverless cars disrupts an industry already suffering from over-investment and poor long-term performance. Cars that drive themselves will do just that, allowing owners to keep a given vehicle working more of the time.

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Category:Automotive

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