1. Back in the day, it was called rose-coloured glasses:
2. Autonomous cars:
Ultimately, Magna doesn’t think there’s big enough potential in autonomous vehicles in the medium term. It sees more opportunities for growth in the assisted driving market (up to Level 3 autonomy) over the next five years.
CEO Don Walker told reporters that the industry is getting “more realistic” about how long it’ll take before autonomous driving
really takes off. As such, Magna plans to invest “where we’re going to get a higher volume,” CFO Vince Galifi said.