Ford expects its investment on mobility and autonomous vehicles to reduce its 2017 earnings by $300 million, providing a breakout of its investments in the future for the first time. Despite that hit, Ford said 2017 preliminary net income grew 70 percent due in large part to a much lower effective tax rate.
Fiat Chrysler Automobiles CEO Sergio Marchionne confirmed that he intends to step down in 2019 in a wide-ranging interview with Bloomberg in which he predicts widespread Level 4 autonomy and electrification in 10 years.
Production-ready autonomous cars will require vast amounts of computing power. In back-to-back keynotes, Intel and Nvidia showed two different approaches, but the companies developing this technology are unsure which path is best to take.