Not so fast, Kinnar. While Intel does have potential, there are companies such as Freescale, TI, Infineon and NXP, which have been actually years ahead of Intel in this segment. I wouldn't write them off so quickly.
And of course, there are others like Qualcomm and Nvidia also gunning for the same space.
Automotive manufacturers select which ever technology for their cars, ultimately Intel will be the winning element in terms of the electronics being used in the cars, and this is because of the readily available application ready modules available with them for Linux and Motherboards. And the car automation is highly focused on the running RTOS, Google is after it and has shown very good results then what remains is the hardware platform, so most of it will come from Intel.