Agree but it needs to behave like an authoritarian little group - lots of autonomy and decision making abilities.
A lot of car designs are done by a single person aided by a small group of exceptional designers. That brings me to a second point - that team has to be the cream of the crop. Not any goof with design degree but a demonstrated long history of exceptional understanding of human to machine interaction. Apple attracted such people back in the day.
It's still not the same though. There was a lead designer, who was accountable to the CTO, who was accountable to the shareholders. There's downward pressure to stop analysis paralysis when it appears.
Just to make the point that it doesn't have to be one person.