/ News, Technology / Smart cars lure investors

Smart cars lure investors

Linked In Share
Smart cars lure investors

Although the automakers are the ones that actually – for the most part – are set to put on the streets the new intelligent cars of the future, investors are lured away from them, jumping on the connected car technology and telecom bandwagon instead.

The connected auto market is in for a serious expanse in the next ten years or so, as it is predicted to reach a worth of $50 billion (29.1 billion pounds). That’s great news for tech and telecom companies that plan a foray into the segment, and names like Infineon or Google are among the big bunch of companies that test, develop and implement smart technology in the near future cars.

When it comes to self-driving car technology, many put up front Google – which has released its own developed prototypes on the matter, even as a number of automakers is also swinging its prowess into the new segment.

“It’s a whole new market emerging,” said Christian Jimenez, fund manager and president of Diamant Bleu Gestion. “The best way to play it for investors in the long term is to buy names such as Microsoft or chip makers such as Infineon, not (automakers) Peugeot and Renault”.

Google, besides its foray into driverless technology, is also introducing its technology into cars in a far easier to understand mode, in the form of the Android Auto software – but not doing it alone, but together with a broad range of companies, including carmakers – allowing the driver to seamlessly use its smartphone without even touching it in the car. Apple unveiled a little faster than Google its own take on the subject, the CarPlay, which does the same with any iPhone.

by Aurel Niculescu (my Google+) - Wednesday, July 2nd, 2014 - filed under News, Technology. Image credit: .
Linked In Share
Related Articles
company europe investors smart cars Technology us


Discuss: Smart cars lure investors

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

TopCar introducing weird body kit for the BMW X6
TopCar introducing weird body kit for the BMW X6TopCar is trying to help the new generation of the BMW X6 to stand out but what it did cannot simply be discussed. The BMW X6 is ...
[VIDEO] NHTSA rates the Toyota Camry with 5 stars
[VIDEO] NHTSA rates the Toyota Camry with 5 starsThe 2015 Toyota Camry has been rated with a 5-star safety rating by the NHTSA during the latest crash test session. Are you one ...
Mercedes-Benz S600 Guard tweaked by TopCar
Mercedes-Benz S600 Guard tweaked by TopCarThe Russian aftermarket specialists from TopCar have officially unveiled their second Mercedes-Benz S600 Guard, which has been ...
[VIDEO] Lamborghini Gallardo goes drifting on a dirt road, Gymkhana style
[VIDEO] Lamborghini Gallardo goes drifting on a dirt road, Gymkhana styleA Lamborghini Gallardo drifting and doing donuts on a dirt road is not something you see on a daily basis. If you remember the ...
Porsche 911 Turbo Cabrio gets updated by Vilner
Porsche 911 Turbo Cabrio gets updated by VilnerFamous Bulgarian tuner Vilner has worked its magic once again, this time on a Porsche 911 Turbo Cabrio. Owning a Porsche 911 ...
2016 BMW X1 caught on the open road
2016 BMW X1 caught on the open roadBMW is currently working on a new generation of the X1 as the model in question has been spotted recently, by our spy ...
New-gen Skoda Superb spied once again
New-gen Skoda Superb spied once againThe Skoda Superb, in its upcoming generation, has been caught on camera once more, by our spy photographers. The 2016 Skoda ...
Ferrari F40 replica for sale
Ferrari F40 replica for saleA replica of the iconic Ferrari F40 is currently being offered for sale as its new owner will have to pay 11,500 USD for it. If ...
2016 Opel Astra rendered
2016 Opel Astra renderedThe future generation of the Opel Astra is getting ready to be unveiled, sometimes next year, but until that will happen, the ...
2015 Citroen C4 goes official
2015 Citroen C4 goes officialCitroen has updated the C4 with some minor tweaks for the 2015 model year as the popular hatchback will go on sale soon. The ...
[Videos] Ever wondered what an autonomous car sees?
[Videos] Ever wondered what an autonomous car sees?Sooner or later, self-driving cars will become the norm when discussing about the auto industry. Although it still looks very ...
Ford plans AWD Focus RS and F-150 SVT Raptor for Detroit
Ford plans AWD Focus RS and F-150 SVT Raptor for DetroitFord is looking to introduce an all-wheel drive version of the Focus RS, along with the F-150 SVT Raptor, at the upcoming 2015 ...
Study claims EVs could further worsen global warming issues
Study claims EVs could further worsen global warming issuesAccording to a new report coming from the University of Minnesota, those thinking about buying a battery-operated vehicle because ...
2015 Mercedes-Benz CLA gets price increased in the U.S.
2015 Mercedes-Benz CLA gets price increased in the U.S.The 2015 Mercedes-Benz CLA has become more expensive than one of its main rivals, in the United States, the Audi A3. According ...
Ferrari seeks further expansion outside auto industry
Ferrari seeks further expansion outside auto industryThe Italian brand’s impressive supercars and title-bringing Formula One cars have created a legendary aura for the automaker ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

bmw x6 tuning lumma topcar 1
mercedes-benz s600 guard topcar tuning 1
Porsche 911 Turbo Cabrio Vilner tuning 1
Spy-Shots of Cars
Spy-Shots of Cars
ferrari f40 replica 1
2016 opel astra 1
2015-Citroen-C4-facelift-1
Mercedes-Maybach S-Class 1
Mercedes-Benz CLA Shooting Brake RevoZport tuning 1
toyota mirai fcv 1
2015 audi a1 active kit 1

More automotive from inautonews
TopCar is trying to help the new generation of the BMW X6 to stand out but what it did cannot simply be discussed. The BMW X6 is coming, in standard, with an evolutionary design which is taking the looks of the old model to a new level. Adding an aftermarket body kit to such a vehicle can turn out ...
read more
Inautonews Editors Section
Test Drive: Ford Fiesta ST
Test Drive: Ford Fiesta ST The current generation of the Ford Fiesta ST has been officially presented to the public back in March, 2012, during the Geneva Motor Show, and it ...
Test Drive: Renault Twizy – Back to basics
Test Drive: Renault Twizy – Back to basics Renault has been producing the Twizy for a couple of years now, in its Valladolid, Spain, facility but spotting one on European roads can turn out ...
Test Drive: Mercedes-Benz SL400
Test Drive: Mercedes-Benz SL400 The Mercedes-Benz SL is currently in its sixth generation and since the company has released a new entry-level, the SL400, which is basically the ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety [VIDEO] NHTSA rates the Toyota Camry with 5 starsThe 2015 Toyota Camry has been rated with a 5-star safety rating by the NHTSA during the latest ... Report – Honda performed its own tests on defective airbags, frustrated by Takata response to crisisHonda Motor, the third largest Japanese automaker and the biggest client for auto safety parts ...
Safety Section