Carmakers take the Valley

  @FortuneMagazine April 11, 2013: 6:59 AM ET
AUT29 silicon valley automakers

In February, Franco-Japanese car behemoth Renault-Nissan opened a new, 26,000-square-foot research center in, of all places, Sunnyvale, Calif. It turns out that it is joining a long list of auto companies that have recently opened or expanded R&D shops in Silicon Valley. The Bay Area's pool of technical talent has long attracted outside industries. But recent advances in Internet-enabled cars, electric vehicles, and driverless automobiles -- not to mention local firms Google and Tesla -- are fueling automotive innovation here.

Join the Conversation

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.