TAG: automakers

Autonomous Vehicles May Cut Auto Market in Half

June 1, 2015By

U.S. auto sales may drop about 40 percent in the next 25 years because of autonomous vehicles hitting the road, reports Bloomberg. In particular, shared driverless cars would force mass-market automakers such as General Motors Co. and Ford Motor Co. to slash output, a Barclays analyst told Bloomberg. Vehicle ownership rates could be cut almost in half because many families would only need one... read more