Auto Stock Roundup: Mobility Services To Expand, LEA, PAG & ALV In Focus
Zacks Investment Research | Dec 14, 2017 03:53AM ET
The readiness with respect to autonomous vehicles continued in the past month. In fact, per a study by IHS Markit, mobility services will emerge as a huge industry by 2040, with China as the frontrunner.
New mobility services offer customers temporary use of a car that they do not own. Presently, these services are provided through app-based ride-hailing or car-sharing services, such as those offered by Didi Chuxing in China and Uber and Lyft elsewhere. In the coming days, a bouquet of mobility services is likely to emerge.
Leading automakers across the globe are making concerted efforts toward this goal. Per a Reuters report, Ford Motor Company (NYSE:F) will start testing its most recent autonomous vehicle technology by 2018. However, the commercial production of self-driving vehicles is not expected before 2021. Notably, General Motors Company (NYSE:GM) has already taken significant steps in this regard.
(Read the previous roundup here: Original post
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