A self-driven road to capital destruction

New horizons: Google hopes to help prevent traffic accidents, ensure better time usage and reduce carbon emissions through developing self driving cars under the Google Chauffeur project.

WHAT happens to an industry which develops a new offering so fantastic that ownership of its product is cut in half?

Investors in the carmakers may in coming decades find out, as the advent of driverless cars (pic) disrupts (there really is no better word) an industry already suffering from over-investment and poor long-term performance.