autonomous vehicles | Auto Finance News | Auto Finance News

Daimler Trucks starts AV testing on US highways

Daimler Trucks, in partnership with autonomous vehicle and robotics fintech Torc Robotics will be developing and testing autonomous trucks with SAE level 4 technology on public roads following months of testing and safety validation on a closed loop track, the company announced. At level 4 autonomy, the system, called “Asimov,” performs the entire driving task, […]

DiDi doubles down on autonomous vehicles

DiDi Chuxing is splitting off its autonomous driving unit to a separate, independent company, according to a release issued today. The new company will “integrate the resources and technological advantages of DiDi’s platform, continue to increase investment in [research and development] of core innovative technologies, and deepen collaboration with upstream and downstream auto industry partners” […]

Regulations hampering AV innovation, analyst says

GM Cruise’s decision to postpone deployment of its autonomous, on-demand ride-sharing fleet signals a larger concern automakers should consider when pushing AV innovation, Grayson Brulte, president of Brulte & Co., told Auto Finance News. Regulations are one of the biggest hurdles for automakers invested in AV, Brulte said. “The rockstars and the biggest assets to […]

Tesla Analysts Skeptical of Bold Autonomy Plans Ahead of Results

Tesla Inc. and its Chief Executive Elon Musk made some bold claims at the company’s investor day on Monday, but Wall Street analysts are far from convinced. Musk said Tesla is now making the best self-driving chip in the world, speaking during a discussion that largely focused on the electric vehicle maker’s plan for autonomous […]

What Uber Really Gets From Selling a $1 Billion Stake

There’s more going on under the hood of a consortium’s planned $1 billion investment in Uber Technologies Inc.’s self-driving car unit than immediately meets the eye. Softbank Group Corp.’s Vision Fund and other investors are set to pump that amount into the division at a valuation of between $5 billion and $10 billion. It’s almost […]

Roadblocks Ahead for Consumer-Owned AV Adoption, Execs Say

LAS VEGAS — While autonomous vehicle fleets are sparking widespread interest in the industry, executives at an SFIG 2019 panel said widespread adoption of consumer-owned AVs is still at least a decade away. “We’re in the early stages of an industry revolution,” said Theresa O’Neill, managing director at Bank of America Merrill Lynch. The consensus […]