GM Keeps Safety in Mind With AV Plans as It Gets SoftBank Assist, Executives Say
General Motors is “still on track” to launch autonomous vehicles in a "ridesharing network" in 2019, “but as always, we will be gated by safety,” said CEO Mary Barra on a conference call with investors about SoftBank Vision Fund’s $2.25…
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billion investment in GM Cruise (see 1805310003). That GM is testing AVs in “a complex urban environment” in downtown San Francisco “gives us a dramatic increase in the rate of learning that we have,” the CEO said Thursday. Having all AV development “under one roof” in the GM Cruise subsidiary “is unique in this space, and we think it is a very important ingredient to have the speed at which we can develop these vehicles safely,” she said. SoftBank “affords us a new source of capital as we look to scale this business,” said GM President Dan Ammann.