EY: Merging Carmaking and Connectivity
As cars become capable of driving themselves, their occupants will have plenty of free time to go online or otherwise connect with the world around them as they travel. The question is: Who will provide those in-car services?
Peter Fuss, EY’s senior automotive advisory partner for Germany, Switzerland and Austria, says carmakers should take on both roles because new services add value and could generate huge profits. But Fuss says a major challenge will be synchronizing the pace of vehicle development and the speed with which new services are being invented.
An EY report, Can Driverless Cars Be the Destination? about the implications and possible strategies for carmakers can be downloaded HERE.
Perhaps it has something to do with comparatively low gas prices.
Continental, an automotive supplier that has a deep engineering bench, is making a huge organizational change, one that Dr. Elmar Degenhart, chairman of the executive board, explains is necessary because, as he puts it, “The industry is changing at a high pace, so we have to change, too.”
The way people are going to get transportation is changing the world over. Get ready for it.