GM CEO Focused on Commercializing Self-Driving Cars
General Motors' $500 million February investment in Lyft for speeding commercialization of autonomous vehicles (see 1601040068) “is accomplishing everything we set out for it to do,” GM CEO Mary Barra said on an earnings call. “We are very committed to…
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being among the leaders or leading in autonomous technology.” GM's March buy of autonomous-vehicle innovator Cruise Automation also “was a big piece of that," Barra said of that $581 million acquisition. GM “recognized early that the fastest way to get the technology into customers' hands, and to really learn and be driven by what customer expectations are, is to get it into a ride-sharing fleet and get it out there,” Barra said Thursday. “We're demonstrating different behavior with how we're getting the technology and the innovation and the technological advancements we've done into the marketplace more quickly. ... That's something I focus on every day.”