Automakers are staking a claim in Silicon Valley as demand for autonomous vehicles grows.
BMW, Ford, General Motors, Honda, Mercedes-Benz and others are teaming up with technology start-ups to help accelerate driverless car development in hopes of competing with Alphabet Inc.’s Google X and others.
IHS Automotive forecasts annual sales of driverless cars to reach 21 million within 20 years.
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Source: The Wall Street Journal