Walton, Nigel (2014) Global Auto Sector Entering Innovation Renaissance. The Oxford Analytica Daily Brief.
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Abstract
The global automotive industry is currently investing more money in research and development (R&D) than at any other time in its 110 year history. New developments in autonomous/driverless cars, hybrid and electric vehicles and Internet-enabled automobiles, has resulted in record levels of innovation. As if this wasn’t enough, a new form of business model innovation was announced recently when Silicon Valley entrepreneur and founder of Tesla Motors, Elon Musk, announced his intentions to adopt an `open source` platform approach in order to scale-up the future development of electric vehicles.
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