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GM plans large scale launch

Reuters
Saturday, December 02, 2017

SAN Francisco/Detroit - General Motors Co laid out its vision for self-driving vehicles on Thursday, telling investors it planned a commercial launch of fleets of fully autonomous robo-taxis in multiple dense urban environments in 2019, in a challenge to rivals such as Alphabet Inc's Waymo.

Underscoring the potential opportunity ahead, GM president Dan Ammann told investors the lifetime revenue generation of one of its self-driving cars could eventually be in the "several hundred thousands of dollars." That compares with the $US30,000 ($F62,578) on average that GM collects today for one of its vehicles, mostly derived from the initial sale.

The No. 1 US automaker — which views electric and autonomous vehicles as the keystones of future transport — has been focused on rolling out self-driving cars since its estimated $US1 billion ($F2b) acquisition of startup Cruise Automation in early 2016 that provided a toehold in the nascent industry.








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