Robotaxis: can automakers catch up with Google in driverless cars?

Robotaxis: can automakers catch up with Google in driverless cars?

General Motors celebrated being the world’s largest carmaker for the 76th straight year in 2007. It was sitting on $25bn in cash. Eighteen months later, it was bankrupt. The automotive industry is among the most capital-intensive in the world: If the economy sours, assets turn into liabilities overnight as factories churning out thousands of cars…

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