Driven to Distraction

Maybe, instead of self-driving cars we needed to invent self-driving automakers. “They have been whipsawed by tariffs. Chinese carmakers are breathing down their necks around the world. Self-driving taxi companies like Waymo are changing the very nature of transportation. Software has replaced horsepower as a key selling point. Sales are flat almost everywhere, and profits are declining. How U.S. carmakers cope with this pivotal moment will determine whether they survive as global players or slide into irrelevance, becoming niche manufacturers of pickups and sport utility vehicles that only Americans buy. The early indications are not promising.” NYT (Gift Article): US Automakers Risk Being Reduced to Niche Producers of Gas Vehicles.