Just in:
New Nylon Constant Torque Hinge From Southco Provides Position Control In A Compact Package // Emirati Aid Reaches Ukraine as Food Shortages Bite // Universal Language for Healthcare: General Authority Embraces Global Coding System // Sunshine’s Debut Features Leave Tech World Scratching Its Head // TUMI Hosts Global Launch Event in Singapore to Unveil Women’s Asra Collection and Announce Global Ambassador, Mun Ka Young // Andertoons by Mark Anderson for Fri, 29 Mar 2024 // Infineon and HD Korea Shipbuilding & Offshore Engineering jointly develop ship electrification technology // Digital Hub Unveiled: Xposure Launches Platform for Global Photography Community // Hope for Respite as UAE Endorses UN Plea for Gaza Truce // Melco Style Presents “SANRIO CHARACTERS STUDIO CITY CARNIVAL” – Explore a SANRIO World of Unlimited Love and Cuteness // Andertoons by Mark Anderson for Thu, 28 Mar 2024 // Following the Money Trail: US and UK Investigate $20 Billion in USDT Transfers Tied to Sanctioned Russian Exchange // Global Audience to Witness Thrill of Dubai World Cup // 2024 Lok Sabha Elections Will Be The Costliest One Till Now In The Whole World // German Job Market Resilience Bodes Well for Economic Recovery // Octa seeks to clarify Forex swap and swap-free accounts // No running of govt from jail, says Delhi Lt Governor // Saudi Arabia Unveils Green Financing Tool to Achieve Net-Zero Goals // Ingdan Announces 2023 Annual Results // First-Ever Fortune Innovation Forum Draws Top Global Leaders to Hong Kong, Promoting Agendas On Collective Cross-Sector Advancement //
HomeBiz TechU.S. consumers buck investors' rush to self-driving cars – study

U.S. consumers buck investors' rush to self-driving cars – study

Reuters journalist Paul Ingrassia sits in the drivers seat of a Tesla S-Type in Autopilot mode in San Francisco, California, U.S., April 7, 2016.

Reuters/Alexandria Sage/Files

ADVERTISEMENT

DETROIT U.S. consumers still resist the notion of self-driving cars, according to a University of Michigan study released on Monday, the latest sign that investors and automakers may be rushing into a business where demand is limited at best.

General Motors Co’s recent acquisition of Silicon Valley startup Cruise Automation for a reported $1 billion has accelerated a stampede by other automakers, suppliers and venture capital firms looking to invest in or acquire new companies developing self-driving technology.

Consumers, meanwhile, remain concerned about aspects of self-driving technology and “overwhelmingly” still want the ability to manually control a self-driving vehicle, the study said.

“The most frequent preference for vehicle automation continues to be for no self-driving capability,” said the study’s authors, Brandon Schoettle and Michael Sivak.

The survey results are consistent with those in a similar survey that the university conducted a year ago and generally mirror the findings in a study that the American Automobile Association released in March. The AAA report found that three out of four respondents were “afraid” to ride in a self-driving car.

The latest University of Michigan survey found 46 percent of respondents preferred no self-driving, followed by partial self-driving (39 percent) and complete self-driving (15 percent).

Nearly 95 percent of respondents said they wanted to have a steering wheel plus gas and brake pedals so they could take control of a self-driving vehicle when desired, the study found.

Traditional automakers and suppliers have embarked on a gradual phase-in of self-driving technologies, from automatically regulating speed and braking to keeping the vehicle from drifting out of its traffic lane.

Electric car maker Tesla Motors Inc has gone a step further with its Autopilot system, which gives owners the option of limited self-driving on the highway.

Technology companies led by Alphabet Inc’s Google favor an “all-in” approach, with its latest prototypes designed to drive automatically without steering wheel or pedals.

(Reporting by Paul Lienert in Detroit; Editing by Lisa Von Ahn)

Let’s block ads! (Why?)

ADVERTISEMENT

ADVERTISEMENT
Just in:
Following the Money Trail: US and UK Investigate $20 Billion in USDT Transfers Tied to Sanctioned Russian Exchange // Sharjah Chamber Breaks Ground on Final Expansion with New HQ Pact // Samsung Partners National Heritage Board to Bring a Slice of Singapore’s Cultural Heritage to Samsung The Frame TV // First-Ever Fortune Innovation Forum Draws Top Global Leaders to Hong Kong, Promoting Agendas On Collective Cross-Sector Advancement // Samsung Electronics Launches 2024 Neo QLED 8K, Neo QLED, and OLED Displays to Spark the AI Screen Era // Ingdan Announces 2023 Annual Results // Universal Language for Healthcare: General Authority Embraces Global Coding System // U.S. Compliance Takes Center Stage at OKX Following Industry Jitters // AIA Hong Kong Wins More Than 20 Accolades at MPF Ratings MPF Awards, BENCHMARK MPF of The Year Awards and Bloomberg Businessweek Top Fund Awards // Digital Hub Unveiled: Xposure Launches Platform for Global Photography Community // Andertoons by Mark Anderson for Thu, 28 Mar 2024 // French Leaders Gather for Interfaith Iftar Dinner // Octa seeks to clarify Forex swap and swap-free accounts // Sunshine’s Debut Features Leave Tech World Scratching Its Head // CABSAT 2024 Ushers in 30 Years of Media Innovation // Saudi Arabia Unveils Green Financing Tool to Achieve Net-Zero Goals // US reiterates concern over Kejriwal arrest, Cong accounts // Experience Ultimate Shopping Freedom at 4.4 Shopee Spree: Don’t Worry, Shop Shopee! // Hong Kong Crypto Exchange Application Stalled by US Lawsuit // Infineon and HD Korea Shipbuilding & Offshore Engineering jointly develop ship electrification technology //