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Carmakers Top Innovations List

by on Sep.30, 2013

A collection of Toyota hybrids from around the world.

When it comes to innovation, the spotlight usually shines on the high-tech world of Silicon Valley; automotive manufacturers, by comparison, are generally seen as technological dinosaurs. But a new study suggests that this conventional wisdom might need to be turned on its head.

Of the 20 most innovative companies named in a new study by the Boston Consulting Group, nine are carmakers – more than both the technology and telecom list for the first time since the 2005 study was released. And the number grows substantial — adding a few breakthrough names like Tesla — when looking at the Top 50 innovators.

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“Innovate or die,” the study stresses, repeating what has become the mantra at many leading corporations. And BCG analysts said that is more than just a public relations ploy for the most successful companies, noting that the call for innovation is “backed up by investment, which has been rising significantly in recent years.”