Traditional OEMs face a challenge in the coming years as new competitors and fresh approaches to personal transportation appear. Daimler and Volvo are two of the old-guard leaders preparing for the new battle. According to recent interviews, full assaults on the IT (information technology) and safety fronts are just two of the highlighted strategies being deployed.

TOULOUSE, France—Inspired by auto racing's popular Formula E series, Air Race E plans to hold its first series of competitions in 2020 in partnership with Airbus.

AURORA, ON--Magna International Inc., a leading Tier One supplier, will develop and manufacture self-driving cars for Lyft, a leading ride-hailing company. The strategic partnership, an industry first, will enable Magna to mass-produce autonomous vehicles.