The Canadian PressOctober 8, 2013 13:31
Back when Microsoft was the biggest name in technology, CEO Bill Gates levelled an attack on the auto industry: If carmakers were as innovative as computer companies, he said, a car would cost just $27.
That was 16 years ago.
Today, PC sales are falling as consumers show a preference for mobile devices, and Microsoft is struggling. Meanwhile, U.S. car companies are resurgent. General Motors, the world's No. 2 carmaker, is gaining ground on No. 1 Toyota. And Ford, after 16 quarters in the black, expects to see $8 billion-plus in profit this year.