This Wednesday, April 27, 2016, photo shows a smartphone displaying the FordPass app, in Ann Arbor, Mich. Automakers are reinventing themselves as "mobility" companies that can accommodate all the different ways people get around. Ford created a technology-focused division based in Silicon Valley that will invest in promising transportation startups. It also launched FordPass, a smartphone app that helps users find parking or share their cars. (AP Photo/Paul Sancya)

(Bloomberg) – The line between the technology and automotive industries is blurring.

The rise of rideshare companies such as Uber and Lyft means that transportation is being tied ever more closely to your cell phone, while autonomous driving technology is turning your car into a computer. But these developments are expensive: Carmakers’ R&D budgets jumped 61%, to $137 billion from 2010 to 2014.

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