![]() ![]() Waymo plans to begin offering a driverless ride-hailing service in Phoenix later this year. On Thursday morning, Waymo announced it would use up to an additional 62,000 Pacifica vans in its fleet. Waymo already uses about 600 Chrysler Pacifica plug-in hybrid vehicles to test its autonomous driving equipment. ![]() Meanwhile, Waymo, the self-driving car division of Google parent company, Alphabet ( GOOGL), announced it was strengthening its relationship with Fiat Chrysler ( FCAU). "Look at the range from a Chevrolet Spark to a Chevy Silverado to a Cadillac Escalade and even the popularity of Buick in China, he said.įord has invested heavily in a company called Argo AI that is also working on the development of autonomous cars. GM is already building autonomous versions of the Chevrolet Bolt EV on a production line in Detroit.īeyond sheer numbers GM also makes a wide range of vehicle types and sizes into which self-driving technology could be used, said Brian Moody, an executive editor with Autotrader. Unlike other potential Softbank partners, GM also has the ability to mass-produce self-driving cars quickly and in large numbers - something that Michael Ronen, managing partner with Softbank Investment Advisors, said was a major attraction. "I would expect Softbank may become the conduit to both feed GM automated vehicles into these other regional platforms and to help GM get a foothold into some of these markets with a homegrown solution," said Sam Abuelsamid, a transportation analyst with Navigant Research, in an email.Ī spokesperson for Uber declined to comment on the deal. GM Cruise's new relationship with Softbank also provides the potential for partnerships with other companies, such as Uber, in markets like Asia. ![]() While many cars now on the market have features of self-driving vehicles, fully self-driving cars have been limited to test vehicles to this point. Related: Distrust in self-driving cars on rise after crashesĪutomakers and tech companies have been making a major push to develop the technology needed to bring self-driving cars to market. If it maintains that gain, it would be the biggest single-day rise for the automaker's shares since the stock started trading again in 2010 following its 2009 bankruptcy. GM ( GM) stock was up more than 10% in midday trading on Thursday's announcement. ![]()
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