Tech giants and vehicle industry bicker about car ownership in the future

Businesses Day | Feb. 12, 2018

As Google’s Waymo, General Motors (GM) and others race to bring driverless vehicles to showrooms, the argument over who will buy cars in the technology era is getting louder.

Hyundai, a latecomer to electrification and autonomous driving, is betting against individuals owning robot cars and preparing for a future in which the biggest buyers will be ride-sharing giants such as Uber, Lyft and GrabTaxi. The South Korean vehicle maker said in January that it invested in Singapore-based Grab, Southeast Asia’s biggest cab-hailing service.

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