The main risk for carmakers is probably not so much that an Apple car would destroy Mercedes-Benz or BMW the way the iPhone gutted Nokia, the Finnish company that was once the world's largest maker of mobile phones. Rather, the risk is that Apple and Google would turn the carmakers into mere hardware makers - and hog the profit. [...]
Technology that links cars to data networks, so-called connectivity, also plays a role in reducing emissions and satisfying regulators. Systems that help drivers quickly find a parking space or avoid traffic jams, besides being convenient, help limit unnecessary driving and save fuel. But the new technologies are expensive, and car buyers are not necessarily willing to pay. Electric cars account for a sliver of the market so far.
Those pressures have been building for several years, but they have intensified since word leaked out early this year that Apple was studying whether to build a car.
"What has been an evolution is going to be a revolution," said Stephan Winkelmann, the chief executive of Lamborghini, the Italian maker of super sports cars that is part of the Volkswagen group.
"Starting from sustainability, going over to digitalization, and ending up at autonomous driving - these three big things are really something that is a game changer for the automotive industry," Mr. Winkelmann said in an interview. "Everybody has to tackle these challenges."
Culture Magazine
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