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The multitrillion-dollar global automotive industry is changing, but not the way you might expect. Here’s how that change is unfolding.

“Disruption” has become the buzzword of buzzwords in the transportation industry. But the supposed disruption isn’t true disruption at all – it doesn’t fit into Clayton Christensen’s theory of disruptive innovation, as explored in his book “The Innovator’s Dilemma.” Nonetheless, automakers are actually disrupting themselves from within. The “disruption within” […]
The multitrillion-dollar global automotive industry is changing, but not the way you might expect. Here’s how that change is unfolding.
News

GM and Honda are joining forces on self-driving cars with a $750 million Honda investment making GM Cruise worth $14.6 billion

GM will join Honda in developing a “purpose-built autonomous vehicle” for Cruise, GM’s self-driving division. Honda says it will invest $US2 billion over 12 years, with an additional $US750 million invested in Cruise. Honda’s equity investment raises Cruise’s valuation to $US14.6 billion. General Motors announced Wednesday that it has allied […]
GM and Honda are joining forces on self-driving cars with a $750 million Honda investment making GM Cruise worth $14.6 billion
Markets

GM is realigning its top leadership to take Cadillac to the next level and to expand its Cruise self-driving business

GM announced a management realignment on Thursday, addressing its Cadillac luxury brand and it multi-billion-dollar investments in its Cruise self-driving division. Cadillac will now be overseen directly by product head Mark Reuss, while GM President Dan Ammann focuses on Cruise commercialization in 2019 and an ongoing $US2.25-billion investment in Cruise […]
GM is realigning its top leadership to take Cadillac to the next level and to expand its Cruise self-driving business
News

SoftBank will invest $2.25 billion in GM’s Cruise self-driving-car division

SoftBank will invest $US2.25 billion in General Motors‘ Cruise division. GM will follow with a $US1.1 billion investment. GM acquired Cruise Automation, a San Francisco startup, in 2016. The scale of the investment puts Cruise’s value at $US11.5 billion. Watch GM trade in real time here. On Thursday, General Motors […]
SoftBank will invest $2.25 billion in GM’s Cruise self-driving-car division
Markets

It’s starting to look like Tesla made a critical business mistake with Autopilot

GM and SoftBank are investing $US3.35 billion in GM’s Cruise self-driving division, bringing Cruise’s valuation to $US11.5 billion. Tesla’sAutopilot can’t be similarly valued because it isn’t designed as a stand-alone business but rather as a semi-autonomous feature that customers can purchase. Tesla’s position in electric cars is strong, but its […]
It’s starting to look like Tesla made a critical business mistake with Autopilot
Markets

The future of self-driving cars hinges on one simple thing

Fully autonomous vehicles are likely to arrive first in fleets. Fleet rollouts will favour competitors who can build self-driving tech into their cars. The traditional auto industry could make use its advantage in mass-production. In Detroit, Silicon Valley, and Europe, a race is on to develop self-driving technologies. Some major […]
The future of self-driving cars hinges on one simple thing
News

Tesla’s biggest threat is now GM

GM has demonstrated an all-electric self-driving fleet of cars in San Francisco. Tesla continues to struggle to scale up production of its Model 3. In just a few years, the Detroit giant has surged ahead of the Silicon Valley upstart. Earlier this week, General Motors and its Cruise self-driving-car division […]
Tesla’s biggest threat is now GM
Markets

Waymo just revealed plans to add 62,000 self-driving minivans to its fleet

Fiat Chrysler Automobiles will supply Waymo with 62,000 Chrysler Pacifica minivans for Waymo’s autonomous fleet, the two companies announced Thursday. Waymo could also provide FCA with a licensed self-driving system that could be installed in a future retail vehicle. FCA and Waymo made the announcement on the same day General […]
Waymo just revealed plans to add 62,000 self-driving minivans to its fleet
Markets

Waymo and GM are both developing self-driving tech that could change how we travel — but there’s one big difference between the two

Waymo and Cruise are the two current leaders in the race to commercialize fully autonomous technologies in autos. The companies are taking different approaches. One doesn’t have to lose for the other to win. The two most obvious leaders in autonomous vehicles are Alphabet’sWaymo and General Motors’ Cruise division. Each […]
Waymo and GM are both developing self-driving tech that could change how we travel  —  but there’s one big difference between the two