Detroit’s Big Three automakers—General Motors, Ford, and Fiat Chrysler Automobiles—are vying to be the first to mass-produce electric vehicles, autonomous cars, and connected cars. They are investing billions of dollars in research and development to bring these technologies to the marketplace, as they vie to become leaders in this new era of mobility.
GM has already released electric cars in the form of the Chevrolet Bolt and is planning to introduce a wide range of electric and autonomous cars by 2021. Ford is in the midst of a $4.5 billion investment into electric and autonomous vehicles, and has plans to introduce a full lineup of electric vehicles in the next few years. Fiat Chrysler Automobiles is investing $10 billion into electric and autonomous vehicles and is working with Alphabet-owned Waymo LLC to create driverless cars. Moreover, all three automakers are partnering with tech companies to develop digital services that can make their vehicles more connected.
The competition is fierce as the Big Three strive to be the first movers in this new market, and it will be interesting to see which company will come out on top.