The automotive industry faces the possibility of a monumental capital drain in the near term as hundreds of players, including non-traditional ones, are all pouring unprecedented sums into electric and autonomous vehicles years before those technologies are fully cost competitive in the market, when consumers are questioning the cost and safety of some of the technologies, and just as the market itself is set to continue a cyclical downturn. That’s according to a new study, including a pair of consumer surveys, from AlixPartners, the global consulting firm.

The Automotive Recyclers Association (ARA) expressed disappointment recently with the enactment of legislation in Rhode Island that has serious anti-competitive consequences for consumers, professional automotive recyclers and independent collision repair professionals across the country.

Seven auto groups, representing nearly 10 million jobs in the United States, posted an open letter to President Trump urging his administration to avoid imposing additional tariffs on imported autos and parts.