Self-Driving Cars Are Closer Than You Think. The Stocks to Buy—and Ones to Avoid. – Barron’s

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The BMW 540i, pictured above in June, is running Aptiv’s Level 3 self-driving system. The test vehicle is one of many Aptiv operates on private and public roads in the Detroit area.

Photograph by Roy Ritchie

The sprint to develop a self-driving car has turned into a slog, one that leaves drivers no closer to buying one than they were five years ago, when Ford Motor promised a car with no steering wheel by 2021. But amid the broken promises, a fully automated car is closer than investors might realize.

If you’re looking to catch a cab from Las Vegas McCarran Airport and open the Lyft app, you’ll find, among the normal options, a choice for an autonomous taxi. When the car, a BMW 5 Series, pulls up, it doesn’t feel quite like the…