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12 07 2017 01

DETROIT -- The race to produce the first autonomous car will be a process of elimination, with more than 50 major competitors spending billions of dollars, only for the field to be reduced to a handful of winners over the next decade, according to a new study by consultant AlixPartners LLP.

"You've got 50 major players trying to develop autonomous software and you'll probably get three or four of them who will win," John Hoffecker, global vice chairman of the organization, said in a speech Tuesday to the Automotive Press Association in Detroit. "There will be billions and billions of dollars lost in bets that were put in the wrong place."

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