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114

GM’s big bet on driverless cars turns sour (www.theverge.com)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 6 points 11 months ago (1 children)

This investment is taking longer than the myopic financial outlooks that traded companies possess. But the idea of autonomous cars is not flawed.

[–] [email protected] 4 points 11 months ago (1 children)

You might think humans could at least think as long term as “it has to benefit my children in order for me to care” but the entire commercial world runs on “it has to make me as much money as possible within 3 months for me to care” and it’s just embarrassing.

[–] [email protected] 1 points 11 months ago (1 children)

Some if these companies have been at this for decades now. I don't think lack of commitment is the problem.

[–] [email protected] 3 points 11 months ago

Maybe it’s just the way the author wrote this article, but they make it sound like a 7 year investment that hasn’t matured is an epic disaster.

It’s been a tumultuous seven years since GM first announced its plan to acquire Cruise with the goal of rapidly commercializing the technology. The company has scored some significant victories in recent months, only to see most of that progress evaporate after a series of errors have exposed major problems with Cruise’s management. And now Vogt’s resignation puts GM in a tough position: continue to fully embrace self-driving cars, or cut its losses.