Please welcome TTAC’s newest contributor, Professor Mike Smitka. Mr. Smitka teaches a course on the Economics of the Auto Industry at Washington and Lee University in Lexington, Virginia and is regarded as an authority on the automotive world. He also makes time to read and comment on TTAC.

Google’s senior executives are busily touting the wonders of autonomous vehicles. There’s the technological marvel, at least in the eyes of Silicon Valley. There are the economic benefits – no more congestion, no more accidents. Wonder of wonders! – and great for the Google empire, and for its stock price.

(Read More…)