GM Cruise autonomous vehicle unit gets $1.15B investment - Page 2

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Thread: GM Cruise autonomous vehicle unit gets $1.15B investment

  1. #16
    R2-D2 Astromech Droid Premium Member mbukukanyau's Avatar
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    Quote Originally Posted by BlackGTP View Post
    Quote Originally Posted by mbukukanyau View Post
    continue calling it vaporware, if you see those bolts navigating traffic in SF at night in the rain.. its quite impressive what they can do, add the Cadillac developed Freeway software, and GM is absolutely far ahead of anyone.

    GM is hopelessly undervalued
    Still sounds like there are difficult hurdles to overcome, but it does seem like GM is pretty far along. I wonder what particular piece or pieces of the tech that they are struggling with.
    I imagine, since Mother Barrah said the steering wheel less car will be out this year, they are probably at the mule stage of realworld data gathering, they have the technology now in preparation for deployment. No doubt.

    More interesting is how they did it.

    GM despite all its problems is an excellent engineering organization. They are tenacious at problem solving.

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    News Contributor BlackGTP's Avatar
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    Re: GM Cruise autonomous vehicle unit gets $1.15B investment

    Quote Originally Posted by mbukukanyau View Post
    I imagine, since Mother Barrah said the steering wheel less car will be out this year, they are probably at the mule stage of realworld data gathering, they have the technology now in preparation for deployment. No doubt.

    More interesting is how they did it.

    GM despite all its problems is an excellent engineering organization. They are tenacious at problem solving.
    Agreed, for all its problems, engineering is their shining star!

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    6.0 Liter L76 V8 gkr778's Avatar
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    Re: GM Cruise autonomous vehicle unit gets $1.15B investment

    Quote Originally Posted by mbukukanyau View Post
    GM despite all its problems is an excellent engineering organization. They are tenacious at problem solving.
    GM does employ some of the most talented engineers in the global automotive industry, including those at its Cruise subsidiary. To its credit, GM has largely preserved the "startup" culture at Cruise since GM acquired them three years ago.

    Now if only GM could give some of its other brilliant engineers greater autonomy (pun intended ) and resources...
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    Re: GM Cruise autonomous vehicle unit gets $1.15B investment

    Quote Originally Posted by mbukukanyau View Post

    GM is hopelessly undervalued
    Sounds just like what was said 9 years ago when the first Volts started showing up...................


    Today, GM can't develop a reliable system to keep my phone paired without issue, but tomorrow they are going to have driverless cars, sounds logical.
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    Re: GM Cruise autonomous vehicle unit gets $1.15B investment

    Quote Originally Posted by richmond2000 View Post
    I really would like to know what they see of VALUE in self driving cars? at an institutional BANK POV
    I see a LOT of "disruption" to a LOT of profit making sectors for a "race to the bottom" sales model

    the only way I see the robo-cars taking off is if they are legislated into usage - OR they offer a pricing model so CHEAP that LOTS of people give up the personal car giving cruise little pricing power as uber and lyft and a dozen other startups are going to drive the price down and make it back on advertising / data tracking and other "modern" business models
    The VALUE of Robo-lektriks is a WHOLE NEW MARKET. To paraphrase Carl Sagan, millions and millions of cars to be built and hopefully forced on consumers. Because it's all about getting richer quicker. To hell with patriotism, to hell with God and Country, to hell with anything, when you're a World Corporation run by World Citizens, nations mean nothing. Wealth means everything. Don't worry about that camel and the eye of a needle stuff, it's all balderdash!

    Quote Originally Posted by kool1 View Post
    I personally think autonomous cars are further off than many people are predicting.

    So many issues with weather, snow/ice, cold and urban variables. Like EV's, its a lot of hype trapped by reality.
    Electric self-drivers are IMO part of the Big Plan of the World Citizens, aka The Smartest People, to get richer and richer and gain more and more control over the poor poop-headed gaggle of proletariat schlubs who don't know their asses from their elbows. Because, really, it's best that a small gaggle run everything. If they happen to be 75% Chinese Communists, well, hey, what will be will be! Yes we can!

    Quote Originally Posted by fastrehotrods View Post
    I think, and hope there will be a technology backlash. With some people going back to "dumb" phones, and realizing that technology isn't all it's cracked up to be, I hope this fizzles out. I don't like the idea of being surrounded by tons of metal that can go haywire over a bad connection, or a false reading from a sensor hitting a reflection just wrong, or something that can be hacked, or something further intruding into being "connected" (monitored) by big tech. I'm one of the ones that will never own an Alexa or wiretap of similar nature.



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    Last edited by Neanderthal; 05-07-2019 at 11:15 PM.
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    R2-D2 Astromech Droid Premium Member mbukukanyau's Avatar
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    Re: GM Cruise autonomous vehicle unit gets $1.15B investment

    Quote Originally Posted by gkr778 View Post
    GM does employ some of the most talented engineers in the global automotive industry, including those at its Cruise subsidiary. To its credit, GM has largely preserved the "startup" culture at Cruise since GM acquired them three years ago.

    Now if only GM could give some of its other brilliant engineers greater autonomy (pun intended ) and resources...

  12. #22
    6.2 Liter LS9 Supercharged V8 richmond2000's Avatar
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    Re: GM Cruise autonomous vehicle unit gets $1.15B investment

    Quote Originally Posted by richmond2000 View Post
    I really would like to know what they see of VALUE in self driving cars? at an institutional BANK POV
    I see a LOT of "disruption" to a LOT of profit making sectors for a "race to the bottom" sales model

    the only way I see the robo-cars taking off is if they are legislated into usage - OR they offer a pricing model so CHEAP that LOTS of people give up the personal car giving cruise little pricing power as uber and lyft and a dozen other startups are going to drive the price down and make it back on advertising / data tracking and other "modern" business models
    Quote Originally Posted by BlackGTP View Post
    Why do you not see self driving cars being a success? I'd say 90% of people can care less about the "joy" of driving. I like to drive and the reality is that most of the time I'm stuck in traffic or behind a slow moving landscaping vehicle - in those cases I'd rather not be driving.

    And I suspect most of us wont own a self driving car, we will just call one up when we need it, so now the same people who don't care about driving don't have to make a huge investment in a vehicle. And if you don't need to own a vehicle, now you have an extra room in your house (garage).

    Once people become used to the concept and proven safe, I don't see much in the way of obstacles to get people to adapt.

    They just need to develop the tech to make it a reality. If they can build it, I think "they shall come".
    yes I understand that they will be successful and "needed" for a lot of steering wheel holders out there

    I was talking wall ST POV

    almost nobody expects PRIVATE car ownership to exist with a LOT of liberal types "BANKING" on personal cars going away

    BUT the personal car support network is a BIG economic employer
    and NO ride share service OR public transit service has MADE MUCH OF ANY MONEY / BURNED THROUGH CAPITAL LIKE IT IS OUT OF STYLE

    cruise automation ends up being a public transit / uber offering the LOWEST cost per mile ride competing against a LOT of other companies well backed and also racing into the same car-as-a-service
    the only "winners" I see is the public like BLACKGTP put it between cost savings and "freedom" from driving AND parking and NOT having a garage for the car anymore

  13. #23
    News Contributor BlackGTP's Avatar
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    Re: GM Cruise autonomous vehicle unit gets $1.15B investment

    Quote Originally Posted by richmond2000 View Post
    yes I understand that they will be successful and "needed" for a lot of steering wheel holders out there

    I was talking wall ST POV

    almost nobody expects PRIVATE car ownership to exist with a LOT of liberal types "BANKING" on personal cars going away

    BUT the personal car support network is a BIG economic employer
    and NO ride share service OR public transit service has MADE MUCH OF ANY MONEY / BURNED THROUGH CAPITAL LIKE IT IS OUT OF STYLE

    cruise automation ends up being a public transit / uber offering the LOWEST cost per mile ride competing against a LOT of other companies well backed and also racing into the same car-as-a-service
    the only "winners" I see is the public like BLACKGTP put it between cost savings and "freedom" from driving AND parking and NOT having a garage for the car anymore
    I suspect the dynamics of the market will change from today's Uber and public transportation scenarios. I hadn't read anything about my captive audience marketing scenario, but I can easily see that happening and be a help to offsetting costs. Also, car production will most likely change. No longer will manufacturers need a complete lineup, just a couple of configurations and the need to update styling or even redesign the vehicle becomes a lot less important. We might be seeing GM produce the same self driving car for 20 year. I'm just guessing, but driverless cars and how profits are made will be very different and not comparable to Uber, etc..

  14. #24
    4.6 Liter Northstar V8 kool1's Avatar
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    Re: GM Cruise autonomous vehicle unit gets $1.15B investment

    Quote Originally Posted by mbukukanyau View Post
    GM is hopelessly undervalued
    Always - car companies by nature are low multiple stocks. GM in particular has a stigma attached to it.

    Good thing that dividend is there as that's pretty much your return.

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    Re: GM Cruise autonomous vehicle unit gets $1.15B investment

    Quote Originally Posted by richmond2000 View Post
    almost nobody expects PRIVATE car ownership to exist with a LOT of liberal types "BANKING" on personal cars going away
    Wow... very loaded statement having nothing to do with reality.

    NOBODY expects ANYTHING about car ownership, but, there are investors looking to take a gamble on this--not because they actually have an opinion on it, but, because they think they can make money off of it.

    So, the gullible types with cable bills watching FoxNews, CNN, MSNBC, etc watch how one channel provides glowing reports on autonomous all-electric vehicles while the other channels show how China is taking over these markets only adds to the hype the investors ACTUALLY WANT so that their investment grows until the jig is up. Further, add politicians who ride this wave for their own purposes and then you have an idea that has no place in the political spectrum.

    My suggestion is to turn off the TV and the computer open the front door and see the world WITH YOUR OWN EYES.
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  16. #26
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    Re: GM Cruise autonomous vehicle unit gets $1.15B investment

    Quote Originally Posted by fastrehotrods View Post
    With some people going back to "dumb" phones, and realizing that technology isn't all it's cracked up to be, I hope this fizzles out.
    I never stopped.
    I've actually got a shiny, used Blackberry Curve (circa mid-'00s) on the way to me right now.
    Cost me 21 big bucks and my service will be $5 a month.
    That's for 100 minutes, unlimited text, no data per month... way more than enough.

    I also installed the OEM glovebox CD player in the wife's Cadillac.
    The wife had a very long list of requirements and the car is now 100% compliant.
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    Re: GM Cruise autonomous vehicle unit gets $1.15B investment

    Quote Originally Posted by eaton53 View Post
    I never stopped.
    I've actually got a shiny, used Blackberry Curve (circa mid-'00s) on the way to me right now.
    Cost me 21 big bucks and my service will be $5 a month.
    That's for 100 minutes, unlimited text, no data per month... way more than enough.

    I also installed the OEM glovebox CD player in the wife's Cadillac.
    The wife had a very long list of requirements and the car is now 100% compliant.
    That's awesome!

    Rock'n a Blackberry and a 10 disc changer in the Caddy!

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