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Found 4 results

  1. By the end of next year, GM's self-driving car unit was planning to have a fleet of self-driving taxis available those in San Fransisco, California. But a new report from Reuters casts some serious doubts on this goal. Speaking to a number of current and former GM and Cruise Automation employees, and autonomous vehicle technology experts, Reuters' report paints a picture of various issues that could derail Cruise's goal. The driverless Cruise vehicles (Chevrolet Bolt EVs) have struggled to determine whether objects on the road are moving or stationary. Example: Vehicles have stopped or hesitated when driving past a group of parked bicycles or motorcycles. Software has failed to identify pedestrians, "and has mistakenly seen phantom bicycles, causing the cars to brake erratically" Sources claim that software also slows the messages between the car’s sensors and computers Cruise doesn't have a data-sharing collaboration with the San Francisco Fire Department - necessary to train the cars when a fire truck is responding to an emergency. Numerous milestones have been missed such as logging a million miles a month by early 2018. Cruise is aware of the various issues. CEO Kyle Vogt told Reuters said the next-generation of hardware and software would solve various issues. General Motors' President Dan Ammann said that the 2019 goal would only move forward "if the Cruise system achieves the safety standards the automaker has established, and shown to regulators." At the current moment, that goal seems quite far away. Source: Reuters
  2. By the end of next year, GM's self-driving car unit was planning to have a fleet of self-driving taxis available those in San Fransisco, California. But a new report from Reuters casts some serious doubts on this goal. Speaking to a number of current and former GM and Cruise Automation employees, and autonomous vehicle technology experts, Reuters' report paints a picture of various issues that could derail Cruise's goal. The driverless Cruise vehicles (Chevrolet Bolt EVs) have struggled to determine whether objects on the road are moving or stationary. Example: Vehicles have stopped or hesitated when driving past a group of parked bicycles or motorcycles. Software has failed to identify pedestrians, "and has mistakenly seen phantom bicycles, causing the cars to brake erratically" Sources claim that software also slows the messages between the car’s sensors and computers Cruise doesn't have a data-sharing collaboration with the San Francisco Fire Department - necessary to train the cars when a fire truck is responding to an emergency. Numerous milestones have been missed such as logging a million miles a month by early 2018. Cruise is aware of the various issues. CEO Kyle Vogt told Reuters said the next-generation of hardware and software would solve various issues. General Motors' President Dan Ammann said that the 2019 goal would only move forward "if the Cruise system achieves the safety standards the automaker has established, and shown to regulators." At the current moment, that goal seems quite far away. Source: Reuters View full article
  3. General Motors' self-driving unit, Cruise got a huge boost today from Honda. Today at a press conference, the two companies announced a new deal where Honda will invest $2.75 billion ($750 million upfront for a 5.7 percent stake and the remainder to be invested over the next 12 years) and will work together on developing a purpose-built self-driving vehicle. Speaking at GM's technical center in Warren, MI, CEO Mary Barra said Honda would provide "additional engineering, design, and technology expertise" and help assist Cruise's “global reach and the ability to deploy at-scale.” “Together, we can provide Cruise with the world’s best design, engineering and manufacturing expertise, and global reach to establish them as the leader in autonomous vehicle technology – while they move to deploy self-driving vehicles at scale,” said Barra in a statement. Honda's investment comes five months after Japanese holding conglomerate SoftBank invested $2.25 billion into the unit. Source: Automotive News (Subscription Required), General Motors Honda Joins with Cruise and General Motors to Build New Autonomous Vehicle Honda investment of $750 million values Cruise at $14.6 billion SAN FRANCISCO — Cruise and General Motors Co. (NYSE: GM) announced today that they have joined forces with Honda (TYO: 7267) to pursue the shared goal of transforming mobility through the large-scale deployment of autonomous vehicle technology. Honda will work jointly with Cruise and General Motors to fund and develop a purpose-built autonomous vehicle for Cruise that can serve a wide variety of use cases and be manufactured at high volume for global deployment. In addition, Cruise, General Motors and Honda will explore global opportunities for commercial deployment of the Cruise network. Honda will contribute approximately $2 billion over 12 years to these initiatives, which, together with a $750 million equity investment in Cruise, brings its total commitment to the project to $2.75 billion. In addition to the recently announced SoftBank investments, this transaction brings the post-money valuation of Cruise to $14.6 billion. “This is the logical next step in General Motors and Honda’s relationship, given our joint work on electric vehicles, and our close integration with Cruise,” said General Motors Chairman and CEO Mary Barra. “Together, we can provide Cruise with the world’s best design, engineering and manufacturing expertise, and global reach to establish them as the leader in autonomous vehicle technology – while they move to deploy self-driving vehicles at scale.” “Honda chose to collaborate with Cruise and General Motors based on their leadership in autonomous and electric vehicle technology and our shared vision of a zero-emissions and zero-collision world,” said Honda Executive Vice President and Representative Director COO Seiji Kuraishi. “We will complement their strengths through our expertise in space efficiency and design to develop the most desirable and effective shared autonomous vehicle.” “With the backing of General Motors, SoftBank and now Honda, Cruise is deeply resourced to accomplish our mission to safely deploy autonomous technology across the globe,” said Cruise CEO Kyle Vogt. “The Honda partnership paves the way for massive scale by bringing a beautiful, efficient, and purpose-built vehicle to our network of shared autonomous vehicles.” View full article
  4. General Motors' self-driving unit, Cruise got a huge boost today from Honda. Today at a press conference, the two companies announced a new deal where Honda will invest $2.75 billion ($750 million upfront for a 5.7 percent stake and the remainder to be invested over the next 12 years) and will work together on developing a purpose-built self-driving vehicle. Speaking at GM's technical center in Warren, MI, CEO Mary Barra said Honda would provide "additional engineering, design, and technology expertise" and help assist Cruise's “global reach and the ability to deploy at-scale.” “Together, we can provide Cruise with the world’s best design, engineering and manufacturing expertise, and global reach to establish them as the leader in autonomous vehicle technology – while they move to deploy self-driving vehicles at scale,” said Barra in a statement. Honda's investment comes five months after Japanese holding conglomerate SoftBank invested $2.25 billion into the unit. Source: Automotive News (Subscription Required), General Motors Honda Joins with Cruise and General Motors to Build New Autonomous Vehicle Honda investment of $750 million values Cruise at $14.6 billion SAN FRANCISCO — Cruise and General Motors Co. (NYSE: GM) announced today that they have joined forces with Honda (TYO: 7267) to pursue the shared goal of transforming mobility through the large-scale deployment of autonomous vehicle technology. Honda will work jointly with Cruise and General Motors to fund and develop a purpose-built autonomous vehicle for Cruise that can serve a wide variety of use cases and be manufactured at high volume for global deployment. In addition, Cruise, General Motors and Honda will explore global opportunities for commercial deployment of the Cruise network. Honda will contribute approximately $2 billion over 12 years to these initiatives, which, together with a $750 million equity investment in Cruise, brings its total commitment to the project to $2.75 billion. In addition to the recently announced SoftBank investments, this transaction brings the post-money valuation of Cruise to $14.6 billion. “This is the logical next step in General Motors and Honda’s relationship, given our joint work on electric vehicles, and our close integration with Cruise,” said General Motors Chairman and CEO Mary Barra. “Together, we can provide Cruise with the world’s best design, engineering and manufacturing expertise, and global reach to establish them as the leader in autonomous vehicle technology – while they move to deploy self-driving vehicles at scale.” “Honda chose to collaborate with Cruise and General Motors based on their leadership in autonomous and electric vehicle technology and our shared vision of a zero-emissions and zero-collision world,” said Honda Executive Vice President and Representative Director COO Seiji Kuraishi. “We will complement their strengths through our expertise in space efficiency and design to develop the most desirable and effective shared autonomous vehicle.” “With the backing of General Motors, SoftBank and now Honda, Cruise is deeply resourced to accomplish our mission to safely deploy autonomous technology across the globe,” said Cruise CEO Kyle Vogt. “The Honda partnership paves the way for massive scale by bringing a beautiful, efficient, and purpose-built vehicle to our network of shared autonomous vehicles.”

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