The Associated Press reports GM made the announcement Thursday, Nov. 30 to investors.
The shift toward autonomous ride-hailing services is motivated in-part by the financial benefits of the plan, according to GM President Don Ammann.
President Dan Ammann told investors during a call today that fleets of the company's autonomous Chevy Bolt electric cars will be ready to deploy "in large scale, in the most complex environments, in 2019".
"We believe this technology will have a profound impact on the world".
The scandal slowed GM's comeback, but it also galvanized its executives to focus on making its cars safer, and ultimately to pursue development of fully autonomous vehicles. In October, the company announced plans to launch 20 all-electric vehicles by 2023.
The leadership of the company's chief executive, Mary T. Barra, was tested soon after she took over in 2014 when it was revealed that GM had produced millions of small cars equipped with faulty ignitions responsible for 124 deaths.
"We're committed to a future where we have zero crashes, zero emissions and zero congestion", Barra said.
On Thursday, GM will demonstrate its growing fleet of computer-operated, battery-powered Chevrolet Bolts in San Francisco to dozens of investment analysts, who are eager to evaluate the automaker's advanced test vehicles.
GM shares have rallied this year as the company has tempted investors with its plans for the future. "The more you use it, the better it will get", Ammann said at the event. "The good news is we see a pretty clear path to how we can do that".
GM is a relative newcomer to the autonomous auto industry. The vehicles are expected to be used as delivery vehicles, and to help transport people.
This announcement comes more than a month removed from GM's acquisition of Strobe Inc, a LIDAR technology company whose engineering team is now on GM's Cruise Automation team.
"The question is: "Can GM deliver, and does Wall Street believe it?'"
Earlier this month, an autonomous vehicle testing zone opened in Stratford, Ont., allowing researchers to test self-driving technology in a range of everyday traffic scenarios.
GM subsidiary Cruise Automation has been testing autonomous Chevy Bolts in San Francisco, Phoenix and Detroit.
"We are somewhat losing out", Kirk said, pointing to Ford testing winter sensors for winter driving in MI, something that could certainly be done in Canada.
The carmaker will generate far more revenue with this business framework.
The PEG for Coca-Cola European Partners plc is gauging a 1.54, signposting the future growth of the company's earnings. Following the transaction, the insider now owns 320,013 shares in the company, valued at approximately $14,749,399.17.
But political and procedural stumbling blocks remain as Republicans try to clear their bill through the full Senate. A December 8 deadline is looming for passing a spending measure needed to prevent a shutdown.
Ken Rosenthal of TheAthletic.com reports that Ohtani is expected to begin meeting with major-league teams as early as next week. Additionally, he has plus-plus raw power and has been clocked as an 80-grade runner, so there is seemingly nothing he can't do.
The war in Yemen, the poorest country of the Arab world, is one of the biggest humanitarian disasters of our times. Saudi Arabia has been locked in a fight with the Houthi rebels since it joined the Yemen war in 2015.
In a case, if you already don't know about it, Respringing occurs when the iPhone essentially goes through a soft reboot. When those devices launched, they were limited to charging at 5W, which was the same charge rating as the wired charger.
For both Saturday and Sunday we should continue to see a mix of sun and clouds with highs generally in the upper 60s to lower 70s. With this pattern setting up, the colder than normal air will give us better chances for snowflakes out through Christmas.
The stock has a market capitalization of $61,205.38, a price-to-earnings ratio of 6.96, a P/E/G ratio of 0.75 and a beta of 1.55. The figure allows investors to understand how effectively Ford Motor Company is able to convert its money into net income.
Walt Disney accounts for about 2.5% of PICTET BANK & TRUST Ltd's investment portfolio, making the stock its 12th largest position. Taking a wider perspective, shares have been recently trading -9.35% off the 52-week high and 9.41% away from the 52-week low.
If you tried to start a auto that's been sitting in a garage for decades, you might not expect the engine to respond. The spacecraft had been relying on its primary thrusters to keep it oriented, but these have degraded over time.
This Sunday's supermoon will appear a little tiresome in comparison, only appearing seven percent larger and 16 percent brighter. CT residents will have their eyes peeled to the sky Sunday night as the "supermoon" makes its only appearance in 2017.