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Mobility

The auto industry's $75B bet on autonomy is not paying off

VW autonomous tests Hamburg web.jpg
An autonomous Volkswagen vehicle is pictured during a test drive in Hamburg, Germany. (Friso Gentsch/(c) Friso Gentsch)
DW
By:
DAVID WELCH
B
By:
Bloomberg
|
October 24, 2022 10:04 AM

Autonomous vehicle companies and suppliers have collectively spent about $75 billion developing self-driving technology, with scant sign of meaningful revenue emerging from AV services after all that investment.

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