, Columnist
Car of the Future Doesn't Come Cheap
Conti's R&D budget is a warning.
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As driving becomes automated, electric motors displace combustion engines and cars are crammed full of gizmos, the companies supplying all that new technology are in the ascendancy, right?
Maybe not. A profit warning from Continental serves as a reminder that the "triumph of the automotive suppliers" -- a popular idea among investors -- isn't certain.