G.M. Unveils Its Driverless Cars, Aiming to Lead the Pack [The New York Times]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: The New York Times
“Everything we are doing is geared to speed,” G.M.’s president, Daniel Ammann, told journalists at an event showcasing the cars on Tuesday. To emphasize the company’s progress, Mr. Ammann said the cars would be ready for consumer applications in “quarters, not years.” Meeting that goal would probably give G.M., the nation’s largest automaker, a jump on other companies developing self-driving models. Industry analysts say autonomous vehicles could generate billions of dollars in additional revenue and profit for automakers and technology companies, primarily by selling or leasing them to ride-hailing services, taxi fleets and delivery companies. For G.M., the self-driving program is a cornerstone to long-term growth that is not dependent on simply selling vehicles to individual drivers. “G.M. has changed the narrative of the company’s future,” Adam Jonas, a Morgan Stanley analyst, said in a research report on Tuesday. Other automakers, such as Ford Motor, Volkswagen and Toyo
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