Intelligent cars draw investors flock to tech stocks

PARIS: Technology and telecoms firms could be the big winners in a connected car market that may be worth US$50bil over the next decade, luring investors away from traditional automakers.

Chip-makers or tech giants such as Infineon and Google are among a variety of companies involved in the rapid development and testing of intelligent cars from those that drive themselves to those allowing a driver to use mobile phone apps through the dashboard.