Automakers Looking to Make Autonomous Features More (Financially) Accessible

With fully self-driving cars many years from mass market adoption because of the high cost and complexity of the technology, auto supplier Aptiv Plc is seeing soaring demand from automakers for more basic semi-automated driving features, the company’s top executive said. “We have contracts with seven (automakers) to provide them with those sorts of solutions that they’re launching across all of their vehicle platforms,” Aptiv Chief Executive Officer Kevin Clark told Reuters after the company reported third-quarter results and lowered its full-year earnings forecast due to a 40-day U.S. labor strike at General Motors Co. “That’s where we’re seeing the most demand.”

Read the Reuters article