General Motors Co (GM) chief executive officer Mary Barra on Sunday unveiled plans to make driving safer through hands-free technology, after a string of recalls that has dogged the company.
GM’s top-of-the-line Cadillac brand is set to provide a semi-auto pilot mode called “Super Cruise” on certain 2017 models.
The 2017 Cadillac CTS is to feature vehicle-to-vehicle communication technology that allows cars to react to others at intersections and other situations.
Barra said the new technology would be available outside the US. It is in demand in heavily congested Europe and in China, where accidents are taking an increasingly heavy toll.
“We are not doing this for the sake of the technology itself. We’re doing it because it’s what customers around the world want,” she said. “Through technology and innovation, we will make driving safer.”
Super Cruise is to offer customers a new type of driving experience that includes hands-free lane following, braking and speed control in certain highway driving conditions. The system is designed to increase the comfort of an attentive driver on freeways, both in bumper-to-bumper traffic and on long road trips.
The vehicle-to-vehicle communication technology could mitigate many traffic collisions and improve traffic congestion by sending and receiving basic safety information such as the location, speed and direction of travel between vehicles that are approaching each other.
It can warn drivers and supplement active safety features, such as forward collision warning, already available on many production cars.
As the world becomes more congested and new populations need access to personal mobility, accidents continue to be a global concern. A recent US National Highway Traffic Safety Administration study estimated that the economic and societal impact of motor vehicle crashes in the US is more than US$870 billion per year.
“Advancing technology so that people can more safely live their lives is a responsibility we embrace,” Barra said.
Despite massive recalls in recent months, Barra said consumers still trust GM. She denied that consumers have grown more skeptical of GM’s technology or the safety of its vehicles since the recalls began.
New vehicles sales in the US have risen 5.1 percent this year through the end of last month, according to Autodata.
However, GM’s sales have increased only 2.8 percent despite the introduction of a new line of sport utility vehicles. Sales by the company’s flagship Cadillac brand have dropped by more than 4 percent.
Barra, who described Cadillac customers as “incredibly influential,” said GM was in the process of rejuvenating its luxury brand.
Japanese technology giant Softbank Group Corp said Tuesday it has sold its stake in Nvidia Corp, raising US$5.8 billion to pour into other investments. It also reported its profit nearly tripled in the first half of this fiscal year from a year earlier. Tokyo-based Softbank said it sold the stake in Silicon Vally-based Nvidia last month, a move that reflects its shift in focus to OpenAI, owner of the artificial intelligence (AI) chatbot ChatGPT. Softbank reported its profit in the April-to-September period soared to about 2.5 trillion yen (about US$13 billion). Its sales for the six month period rose 7.7 percent year-on-year
CRESTING WAVE: Companies are still buying in, but the shivers in the market could be the first signs that the AI wave has peaked and the collapse is upon the world Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported a new monthly record of NT$367.47 billion (US$11.85 billion) in consolidated sales for last month thanks to global demand for artificial intelligence (AI) applications. Last month’s figure represented 16.9 percent annual growth, the slowest pace since February last year. On a monthly basis, sales rose 11 percent. Cumulative sales in the first 10 months of the year grew 33.8 percent year-on-year to NT$3.13 trillion, a record for the same period in the company’s history. However, the slowing growth in monthly sales last month highlights uncertainty over the sustainability of the AI boom even as
BUST FEARS: While a KMT legislator asked if an AI bubble could affect Taiwan, the DGBAS minister said the sector appears on track to continue growing The local property market has cooled down moderately following a series of credit control measures designed to contain speculation, the central bank said yesterday, while remaining tight-lipped about potential rule relaxations. Lawmakers in a meeting of the legislature’s Finance Committee voiced concerns to central bank officials that the credit control measures have adversely affected the government’s tax income and small and medium-sized property developers, with limited positive effects. Housing prices have been climbing since 2016, even when the central bank imposed its first set of control measures in 2020, Chinese Nationalist Party (KMT) Legislator Lo Ting-wei (羅廷瑋) said. “Since the second half of
Tax revenue from securities transactions last month increased 41.9 percent from a year earlier to NT$30.3 billion (US$975.8 million), rising on an annual basis for the third consecutive month and marking the highest for the month of October as Taiwanese stocks continued to perform strongly, data released by the Ministry of Finance showed yesterday. Last month, the TAIEX surged 2,412.81 points, or 9.34 percent, marking its largest-ever monthly rise for October as market sentiment was buoyed by a nearly 15 percent gain in contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which accounts for more than 40 percent of the