The merging worlds of technology and cars
 "The merging worlds of technology and cars")
The line between technology and automotive industries is blurring. The rise of rideshare companies such as Uber and Lyft means that transportation is being tied ever more closely to your cell phone, while autonomous driving technology is turning your car into a computer.
But these developments are expensive: Carmakers' R&D budgets jumped 61 per cent to $137 billion from 2010 to 2014. To share some of the risk and the cost the incumbent automotive giants and their would-be disruptors are teaming up in an ever-growing, ever more complex series of alliances.
Here is a look at how the merging worlds of cars and technology is creating a new arena for world market:
But these developments are expensive: Carmakers' R&D budgets jumped 61 per cent to $137 billion from 2010 to 2014. To share some of the risk and the cost the incumbent automotive giants and their would-be disruptors are teaming up in an ever-growing, ever more complex series of alliances.
Here is a look at how the merging worlds of cars and technology is creating a new arena for world market: