GM is nearly ready to monetize self-driving cars
Companies like Tesla and Waymo have received the lion's share of attention in the race to develop fully autonomous cars, but legacy automaker GM is in a particularly strong position to mass produce and effectively monetize autonomous vehicles in the near term, according to a new Deutsche Bank analyst note.
The note predicts that GM will have fully autonomous vehicles that don’t require a human driver ready for commercial launch in quarters, not years.
Deutsche’s note also predicted that GM will leverage its autonomous vehicles to take a sizeable chunk of the mobility services market.
Once the Generation 3 is fully ready for commercial launch and production, GM plans to use it for commercial fleets that can provide mobility services, including ride-hailing.
BI Intelligence analyst Jon Camhi has the full story.