The world’s largest car companies
In spite of recall woes and emissions scandals, the global automotive industry seems to have entered a golden age. Today’s increasingly connected world presents car manufacturers with numerous opportunities for growth. Hence, automakers are beginning to focus on smart vehicle technologies, as well as alternative propulsion systems. BMW, Ford, Honda, General Motors, Mercedes-Benz, Nissan, Tesla, Toyota and Volkswagen, as well as major automotive suppliers, including Denso, Continental, Bosch and Delphi, are all setting up research offices in the Silicon Valley. As a consequence, automobiles are becoming carriers of big data.
The opening of new plants and offices is largely due to the fact that, in the end, today's carmakers must face the truth: With growth prospects in new segments and in emerging markets comes greater risk. It remains to be seen how carmakers around the globe will cope with the new challenges facing the industry.