Howes: Trillions on the line in the autonomous car "gold rush"
Picture the starting line at a foot race. In one lane, you've got the auto companies and the supply side. In the other lane, Silicon Valley heavyweights and enterprising start-ups. At the finish line: who gets the big momentum and the money.
The future of the mobility business is ride-sharing and self-driving vehicles which could be a multi-trillion-dollar worldwide industry. So there is a lot on the line.
Detroit News business columnist Daniel Howes joined Stateside while attending the World Mobility Leadership Forum which is exploring what he calls a mobility "gold rush". The event is being held at the Westin Detroit Metropolitan Airport.
Howes says the industry could be worth as much as $10 trillion. However, all of the companies that are vying for a piece of the pie know that no one can tackle autonomous vehicles alone. There's going to have to be partnerships.
Listen to the full interview above to hear about Michigan's chances of leading the mobility gold rush and other observations from the World Mobility Leadership Forum.