The technology to make cars fully autonomous probably won’t be established until at least 2030, according to the top supplier for the world’s biggest automaker. The auto industry will take intermediate steps toward that future, first with safety systems that …
Driverless cars developed by companies such as Google Inc. could transform the insurance industry if their accident-avoidance technology sparks a shift in risk transfer, according to one of the Bank of England’s first blog posts. “As human drivers become replaced …
U.S. auto sales may drop about 40 percent in the next 25 years because of shared driverless cars, forcing mass-market producers such as General Motors Co. and Ford Motor Co. to slash output, a Barclays Plc analyst said. Vehicle ownership …
Four of the nearly 50 self-driving cars now rolling around California have gotten into accidents since September, when the state began issuing permits for companies to test them on public roads. Two accidents happened while the cars were in control; …
Vehicles that drive themselves on the freeway or take over in traffic jams may be on the road in large numbers by 2017 and autonomous cars might create a $42 billion market for the technology by 2025, Boston Consulting Group …
California’s Department of Motor Vehicles will miss a year-end deadline to adopt new rules for cars of the future because regulators first have to figure out how they’ll know whether “driverless” vehicles are safe. It’s a rare case of the …
While private passenger autonomous vehicles are still being tested by Google and other car manufacturers and state legislators mull rules governing driverless vehicles on roadways, their commercial use has already begun. Maryland-based Lockheed Martin, a global security and aerospace company, …
As millions of cars are under recall for potentially lethal air bags, designers are trying to reduce the need for the device – using sensors, radar, cameras and lasers to prevent collisions in the first place. With driver error blamed …
More cars and trucks are being equipped with cameras, radar, automatic braking and other safety technology that help avoid accidents, but drivers may not see their insurance bills go down anytime soon, experts in the auto and insurance industries said …
Insurance companies are increasingly turning to “big data” from satellites, social media and even cigarette sales at gas stations to help identify risks and build up customer profiles. Insurers and reinsurers hope that real time analysis of data about personal …