The Long & Short of It

The Car Industry Shifts Gears

10 SEP 2019
TOPICS: Cars | Technology Driving Innovation

Leading automakers—from Ford and Volkswagen to Daimler and BMW, are teaming up to push the development of autonomous driving forward. In this episode of The Long and Short of It, Axel Hoefer of Goldman Sachs Investment Banking division explains: “People now realize that the technology is more complex, and the development takes longer than previously anticipated. We see a new pragmatism in the industry, which is opening the doors for partnerships…where established players are pooling interest to establish scale and complement each other’s technology.” Looking ahead, Goldman Sachs Research expects the self-driving technology market will reach $290 billion by 2035.

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