Automakers lean more on suppliers for technology, according to MiBiz.
Nearly every industry has felt the disruptive power of technology, and it turns out that the automotive sector is no exception.
The current period of tech-fueled disruption could cause chaos — and opportunity — for the automakers, traditional suppliers and their new technology partners from Silicon Valley. As technology increasingly becomes embedded into more aspects of the vehicle, it could upend everything from the traditional roles within the industry to R&D expenditures and even the cadence of new vehicle launches, according to industry analysts.
While technological advancements have long been a selling point for premium top-of-the-line vehicles, the level of connectivity and technological sophistication in vehicles has moved downmarket in recent years.