General Motors Tests Autonomous Driving Technology in Live Traffic
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy GM?
Source: seekingalpha
- Autonomous Driving Testing: General Motors is conducting real-world testing of its autonomous driving technology on public roads across 34 states, marking a shift from manual data collection to active testing, which is expected to accelerate the automation of personal vehicles.
- Data-Driven Technological Advancement: GM has accumulated data from over a million miles driven and will leverage data from its Cruise division to propel the development of next-generation automated technology, enhancing its competitive edge in the autonomous driving sector.
- Safety and Technology Integration: Following an accident in San Francisco in 2023, GM ceased funding for its Cruise robotaxi division and integrated remaining staff into its autonomous driving team, aiming to improve the safety and reliability of its technology.
- Future Product Plans: GM plans to launch an eyes-off self-driving system in 2028, starting with the Cadillac Escalade IQ, which does not rely on continuous driver vigilance, marking a significant milestone in the commercialization of autonomous driving technology.
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Analyst Views on GM
Wall Street analysts forecast GM stock price to rise
19 Analyst Rating
14 Buy
4 Hold
1 Sell
Moderate Buy
Current: 75.720
Low
57.00
Averages
95.06
High
122.00
Current: 75.720
Low
57.00
Averages
95.06
High
122.00
About GM
General Motors Company designs, builds and sells trucks, crossovers, cars and automobile parts and provides software-enabled services and subscriptions worldwide. The Company's segments include GMNA, GMI, Cruise and GM Financial. Its GM North America (GMNA) and GM International (GMI) develop, manufacture and/or markets vehicles under the Buick, Cadillac, Chevrolet and GMC brands. The Company provides automotive financing services through its General Motors Financial Company, Inc. (GM Financial) segment. Its Cruise segment is engaged in the development and commercialization of autonomous vehicle technology. Its software-enabled services and subscriptions, including OnStar, its advanced driver-assistance systems (ADAS), including Super Cruise driver assistance technology, and its end-to-end software platform. The Company is also focused on investing in electric vehicles (EVs) and AVs, software-enabled services and subscriptions and new business opportunities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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