Where we are now [with transportation] is where we were 20 years ago with the Internet.-- Doug Newcomb, C3 Group founder
Whenever an expert makes a statement like that, my investor's ears perk up and I pay close attention. Doug Newcomb has been covering the auto industry for 30 years, and his C3 Group stays at the forefront of the huge technological trend now taking place in the sector.
I met up with Doug at South by Southwest Interactive in Austin, Texas, where we talked about connected cars, self-driving vehicles, and all the infrastructure involved.
There are some obvious companies well-placed at the intersection of autos and technology, such as Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) with its self-driving push. Uber and Lyft have changed how we get around. Ford (NYSE:F) and its Smart Mobility concept are also showing investors they must think about this old sector in new ways.
Rex and Doug have all the details in the video below.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Rex Moore owns shares of Alphabet (A shares) and Alphabet (C shares). The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), and Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
