Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

Here's why GM is buying an autonomous driving software firm

Lucas Mearian | March 14, 2016
GM's US$1 billion purchase of Cruise Automation is a sign of things to come with other companies.

IHS Automotive has predicted that by 2025 there will be 300,000 self-driving cars and just as many driverless vehicles on the road; by 2030, there will be 2.2 million self-driving and driverless cars on the road; and by 2035, there will be 11 million self-driving and 10 million driverless vehicles in operation.

"The race towards autonomous cars had already been gaining speed and [GM's aquisition] further increases the pace towards adding autonomous features," Juliussen said. "It is likely there will be more acquisitions, cooperation and deals of all kinds in 2016 and beyond."

 

Previous Page  1  2 

Sign up for CIO Asia eNewsletters.