I like to think about the future a lot. Been thinking about the auto industry. I predict:
In 20 years 1/3-1/2 of all auto manufacturing companies will cease to exist. In 40 years maybe 1 out of 3 will be with us. Why? Because self driving cars combined with mellennial's use of driver-less subscription services will relegate the automobile to the appliance category. There will of course be some boutique companies....but the majors will be down sized and merged. Using subscription based services will more than halve yearly automobile output....sharing cars through subscription will mean fewer are necessary.
Now does anyone want to tell me why I am full of baloney?
In 20 years 1/3-1/2 of all auto manufacturing companies will cease to exist. In 40 years maybe 1 out of 3 will be with us. Why? Because self driving cars combined with mellennial's use of driver-less subscription services will relegate the automobile to the appliance category. There will of course be some boutique companies....but the majors will be down sized and merged. Using subscription based services will more than halve yearly automobile output....sharing cars through subscription will mean fewer are necessary.
Now does anyone want to tell me why I am full of baloney?