Manufacturers in the automotive supply chain are scooping up acquisitions in emerging technologies to break into new markets before their competition. By moving into alternative powertrains, connected car technologies, artificial intelligence and predictive analytics, suppliers want to position themselves to get ahead of disruptions as the industry shifts to the “car of the future,” according to Jeff Zaleski, U.S. automotive deals leader at PricewaterhouseCoopers LLC, a global consulting firm.
DETROIT — The push to offer autonomous driving, innovate new mobility options and differentiate models with new technology has upended many parts of the automotive industry.
More automotive suppliers these days are finding it’s easier to buy cutting-edge technology companies than to develop the complex systems on their own.
DENSO International America Inc. will invest $37 million to buy machinery and automation equipment for its manufacturing facility in Battle Creek, according to a statement.
Experts in the automotive industry have a simple message for companies figuring out how to navigate a changing vehicle market: Embrace the eventual shift to autonomous cars or you will cease to exist.