Autonomous Vehicles

Autonomous vehicles are taking a back seat to their electric peers

An illustration of an electronic vehicle flying past other cars.
Illustration: Lazaro Gamio/Axios

Automakers are beginning to make strategic tradeoffs between investing in electric vehicles or self-driving car technology because they can't afford to do both.

Why it matters: Investors reward autonomous vehicle developers with higher valuations, but it'll be years — maybe decades — before the technology is ready and it's not clear the public even wants them. People aren't clamoring for electric vehicles, either, but to meet looming emissions standards, carmakers will need them.

Disruption and scandal set backdrop to auto talks

GM CEO Mary Barra and UAW President Gary Jones open the 2019 GM-UAW contract talks with the traditional ceremonial handshake.
GM CEO Mary Barra and UAW President Gary Jones open the 2019 GM-UAW contract talks. Photo: Bill Pugliano/Getty Images

Detroit automakers are kicking off negotiations with the United Auto Workers union on new labor contracts this week.

Why it matters: Auto talks are always contentious over issues such as wages and health care benefits, but this year's bargaining is colored by unusual factors and disruptive forces roiling the industry, notes Bloomberg.