Is It Time for An Open-Source Car?
In the Internet age, a company with limited funds and no track record can build a successful business with nothing more than a good idea and some powerful technology. It’s not easy, but it can be done. The same entrepreneurial spirit is coming to the auto industry.
As cars become more and more like high-tech gadgets on wheels, a crop of new companies is trying to put "open source" or "crowdsourcing" concepts to use in making the next great hybrid, plug-in, or fuel cell car.
Three of these companies — Riversimple, OScar, and Local Motors — are up and running, but far from the practical step of actually building cars, much less becoming viable businesses.