Similar Stories to Why General Motors Thinks The First Self-driving Company Will Win Big on Bing News

newsfeedback@fool.com (John Rosevear), The Motley Fool
Thu, 12/07/2017 - 8:04pm

Will there be a significant "first-mover" advantage in self-driving cars? Will the first company (or group of companies) to bring the technology to market enjoy significant long-term advantages over rivals that lag?For a long time, I didn't think so, for reasons I'll explain in a moment. But General Motors (NYSE: GM) president Dan Ammann recently made an argument that has me thinking I'm wrong -- that the first (and maybe the second or third, but probably not the tenth) company to put lots of autonomous vehicles on the road will indeed have a big advantage over its rivals for years to come.GM's self-driving hardware, a modified Chevrolet Bolt EV, is ready for mass production.

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BING NEWS:
  • Elon Musk predicts Tesla self-driving market cap to hit $5-7tn
    Tesla co-founder Elon Musk has shed light on how the electric vehicle maker aims to become the world's most valuable company.
    06/14/2024 - 10:17 am | View Link
  • Tesla jumps on talent of Koch company making direct drive for robots
    Tesla appears to be behind the acquisition, or “acqui-hire”, of a company developing direct drive motors for robots as ...
    06/12/2024 - 11:52 pm | View Link
  • Robotaxi-Focused Elon Musk Says GM 'Not Making The Right Moves' With $850M Investment In Self-Driving Cruise Unit
    Legacy automaker General Motors Corp. (NYSE:GM) is preparing to invest oodles of money into its loss-making Cruise self-driving unit. Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk thinks it’s a really bad ...
    06/11/2024 - 10:23 pm | View Link
  • GM gives troubled Cruise self-driving car unit $850M amid strategic review
    General Motors Co. announced today that it’s giving its troubled self-driving car unit, Cruise LLC ... Executive Officer Kyle Vogt and Chief Product Officer Dan Kan quit the company later in November.
    06/11/2024 - 1:45 pm | View Link
  • General Motors Injects $850 Million Into Robotaxi Arm Cruise After Devastating Accident
    GM has already lost over $8 billion on self-driving technology that led to a tragic incident in San Francisco.
    06/11/2024 - 10:02 am | View Link
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