Wednesday, 14 November, 2018

GM To Launch Self-Driving Vehicles In Big US Cities In 2019

GM To Launch Self-Driving Vehicles In Big US Cities In 2019 GM To Launch Self-Driving Vehicles In Big US Cities In 2019
Lindsey Cook | 04 December, 2017, 01:51

Underscoring the potential opportunity ahead, GM president Dan Ammann told investors the lifetime revenue generation of one of its self-driving cars could eventually be in the "several hundred thousands of dollars".

The automaker's president Dan Ammann reportedly said during the event that GM now makes about $30,000 per sold vehicle, but that it could make hundreds of thousands per vehicle through ride-hailing and delivery services. Once they're on the road, the vehicles' computers will constantly learn and improve. That was the message to shareholders on 30 November as the company confirmed plans to launch a commercial fleet of electric, autonomous vehicles (AVs) in urban centres in 2019.

Waymo, which is Google's self-driving auto spinoff, was the first to take the driver out of the seat on public roadways earlier this month.

In an announcement yesterday, the firm said it believes government regulations will support development of self driving cars in the coming few years. An employee in the back seat will be able to stop the vehicle by pushing a button but won't be able to steer the vehicle. By getting out there first, GM hopes to ride a rapid cost and technology improvement curve that will leave the competition far behind....

According to the San Francisco Chronicle, there are about 100 test Bolts (with a human inside) already driving autonomously around crowded San Francisco - a challenging environment considering the bustling streets rife with avid bikers, trolleys, and traffic.

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German automaker Daimler AG has teamed up with supplier Bosch to develop autonomous taxis by 2020.

Abuelsamid said it makes business sense for mobility services like Uber and Lyft to shoulder the initial expenses of costly electric and autonomous vehicles.

GM, which invested $500 million in Lyft in 2016, says it sees a "clear path" to reducing the cost-per-mile of ride-sharing services to under $1 by 2025.

In October, GM bought lidar sensor technology company Strobe Inc, saying the company's technology could lower the cost of the key laser-based sensor on self-driving cars by 99 percent.

Major automakers as well as technology leaders like Alphabet Inc and Intel Corp have poured billions into autonomous vehicle research, although fully self-driving cars are a work in progress.

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