GM says it's committing $2.2 billion to retool its Detroit-Hamtramck plant, which currently makes Chevrolet and Cadillac sedans.
Ed Niedermeyer, an auto industry analyst and co-host of the podcast"The Autonocast," said GM's investment in driverless vehicles is significant because the company is committing to a ridesharing model.
Kyle Vogt, chief technology officer, president & co-founder of Cruise, a Honda and General Motors self-driving car partnership, disembarks from a Cruise Origin autonomous vehicle during its unveiling in San Francisco on Jan. 21, 2020. "What we really saw through 2015, 2016, 2017 was this sort of buildup of unsustainable hype around autonomous vehicles -- very short-term goals, expectations of ubiquity in very short order," Neidermeyer said."And what we're seeing is companies like Cruise back away from those goals, and be more conservative and cagey about their future plans."
Kyle Vogt, chief technology officer, president & co-founder of Cruise, a Honda and General Motors self-driving car partnership, disembarks from a Cruise Origin autonomous vehicle during its unveiling in San Francisco on Jan. 21, 2020.He said the scaling back of expectations can be attributed to the shift in thinking around autonomous cars: from personal transport to public rideshares.
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