Unstoppable rise of the “connected car” phenomenon and continued evolution of autonomous vehicles – the effects of cross-breeding between the automotive industry and digital developments such as digital mobility, artificial intelligence and the Internet of Things.
Since the days of Henry Ford, the automotive industry has never before presented so many opportunities and technical transformations. The changes we expect to see in value chains and business models as a result of developments associated with the connected car will revolutionise the automotive industry:
- New regulatory provisions governing tests and the use of autonomous and connected cars;
- New liability issues;
- Big data and data analytics foster new automotive technology, services and monetisation opportunities;
- Cyber security – threats to the data and services of connected cars continue to develop, just like the cars themselves;
- Automotive meets technology – cooperation and partnership ventures;
- Cars as socially connected devices.
Market participants wishing to seize the opportunities offered by connected cars must take into account a wide range of legal aspects, such as regulatory challenges, aspects of data protection and security, technological standards and interoperability, intellectual property, antitrust aspects and liability issues.
It is unlikely that a stand-alone company will control the whole range of the opportunities in the market for connected cars. Therefore, strong abilities to forge economic partnerships will make the difference between winners and losers.
Allen & Overy's long-standing success in providing high-quality and innovative legal advice demonstrates that we are the ideal partner to support companies in the fast-moving market for connected cars in respect of both financial and legal issues. Our team draws on specialists from a variety of complementary disciplines including regulatory law, commercial law, data protection, corporate finance, product liability, intellectual property and dispute resolution.