Fiji Time: 3:59 PM on Sunday 18 March

Fiji Times Logo

/ Front page / Archives » Article Index

GM plans large scale launch

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.

Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Code Inward TTs Outward TTs
CAD 0.65100.6320
JPY 53.691350.6913
GBP 0.35690.3489
EUR 0.40560.3936
NZD 0.69210.6591
AUD 0.64290.6179
USD 0.50070.4837



Exchange Rate updated on 16th, March, 2018

Today's Most Read Stories

  1. Where are our horses
  2. Call to step down
  3. E-ticketing scrutiny
  4. Family and friends farewell naval pioneer
  5. Swarovski invites Hoerder
  6. Sandalwood planting
  7. 100 uni students in dengue fever fight
  8. Keep what we have
  9. Veteran 7s pair Roko, Vucago steer Nailega to Uluinakau 7s win
  10. FICAC rolls out pilot phase project

Top Stories this Week

  1. Sims' 100th game Thursday (15 Mar)
  2. Cessna heroes Monday (12 Mar)
  3. Picking up the pieces Tuesday (13 Mar)
  4. Men urged to marry Thursday (15 Mar)
  5. 'Forced to go' Saturday (17 Mar)
  6. Man to appear in high court for wife's death Monday (12 Mar)
  7. A star in the making Thursday (15 Mar)
  8. Baravilala's ode to Cessna victims Thursday (15 Mar)
  9. The faith Monday (12 Mar)
  10. 7s hunt Tuesday (13 Mar)