Self-driving cars ripping up an industry's supply chain
Parts makers getting cheaper, with economic uncertainty and Brexit concerns driving their share prices down
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Washington
THE self-driving revolution has spurred the biggest two years of car-supplier takeovers in a decade, with more coming as parts makers struggle to keep up with technological transformation.
The total value of vehicle-supplier deals in 2015 and 2016 was US$74.4 billion, according to data compiled by Bloomberg, with each of those years far exceeding the US$17.7 billion annual average in the previous 10 years. The number of transactions valued at US$500 million or more also skyrocketed to 18 last year, triple the level of the previous decade. There have been 11 such deals so far this year.
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