GM's Self-Driving Cars to Be Ready for Ride-Sharing in 2019
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General Motors plans to have its self-driving cars ready for a ride-share service within two years as the automaker looks beyond traditional car ownership for new tech-driven sources of revenue.
After spending more than a year quietly putting the pieces in place to launch a robotaxi business, GM said Thursday it expects to be ready in 2019 to have a fleet of self-driving cars in operation. The sharing service could be run by the automaker or a partner.
The largest U.S. automaker’s plan for a self-driving car-sharing service comes at a time when auto sales in its home market are slowing after a record seven-year streak of gains. The potentially lucrative robotaxi market could offer a major new source of revenue and improved margins, especially since going driverless has the potential to dramatically reduce the labor costs involved with sharing or hailing services.
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