Tag Archives: cruise

Cruise CEO – It Will Be Hard to Sell a Car That Isn’t Self-Driving

The challenges are the cost of the technology that works and customer satisfaction – make the riders happy. Cruise is 6 weeks into dozens of driverless vehicles on the roads. The technology is scalable from two cities, to three, to 20 to… exponential growth. Hence the capital market interests. Continue reading

Posted in autonomous vehicles, connected vehicles, electric vehicles, electronics, mobility company, news analysis | Tagged , , , , , , | 1 Comment

GM Ups Bet by $35B in Autonomous, Electric Vehicle Games

The seemingly bottomless pit of capital being consumed in the race to survive the connected, green and autonomous vehicle wars has grown deeper with General Motors saying today it will increase its EV and AV investments from 2020 through 2025 to $35 billion. This is a – gulp – 75% increase from its initial pledge announced prior to the ongoing pandemic. Continue reading

Posted in alternative fuels, electric vehicles, electronics, environment, mobility company, news analysis | Tagged , , , , , , , | 1 Comment

GM Projects Strong Earnings, Improved Cash Flow in 2019

In 2019, despite a diminishing car market, GM expects the overall U.S. market to remain strong, projecting total industry sales in the low 17-million range. The company will benefit from a full year of volume from GM’s all-new Chevrolet Silverado and GMC Sierra light-duty full-size pickups. The trucks have contributed to retail market share growth in the light- duty pickup segment every month since August, with average transaction prices that have surpassed those of key competitors. Continue reading

Posted in economy, electric vehicles, financial results, news analysis | Tagged , , , , , , , , , , , , | Leave a comment

Honda Joins with Cruise and General Motors to Build New Autonomous Vehicle. Honda Investment Of $750 Million Values Cruise At $14.6 Billion

In the auto industry a new production vehicle takes roughly four years and about a billion dollars to design and bring to market. That’s if there is an existing assembly plant – if not, add another billion dollars – and an experienced team ready to move. Continue reading

Posted in electric vehicles, manufacturing, marketing, new vehicle | Tagged , , , , , , , | 1 Comment