Autonomous – GM Ups Stake in Cruise and Buys out Softbank

Cruise Track 4 Interior in San Francisco

Ken Zino of AutoInformed.com on Autonomous Vehicles - GM Ups Stake in Cruise and Buys out Softbank

Look – no visors or steering wheel.

Vogt says Cruise has 5 of the 6 permits necessary in California (“other states are ephemeral”) to move into further development of an autonomous future. The missing, or rather not activated yet for ride hailing, is credit card authorization. “Transportation in the US right now comprises 3 trillion miles a year at a cost of 60-80 cents per mile. We are on the verge of a huge paradigm shift. Yes there will be some situations where people might want to drive themselves, but we do see a path to [selling or leasing] a million plus Avs in 2030,” Vogt told AutoInformed two weeks ago.

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