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Added on the 11/04/2019 09:35:16 - Copyright : Auto Moto EN
BMW presented a level five autonomous driving car at the Mobile World Congress in Barcelona on Monday, a car that would allow its driver to completely take his or her mind off the road, enabling the driver to eat, watch a movie, or even sleep behind the wheel. However, the level five autonomous car still has a way to go before being realised. In the meantime, BMW expects to get level 3 autonomous vehicles called iNEXT on the road by 2021.
The company prided for building the ultimate driving machine has an ambition plan for helping ridesharing services. By 2021 BMW plans to produce fully autonomous vehicles with the intent of providing ridesharing customers with a driverless alternative. For people that don't like other people, a ridesharing service sans social interactions may be on the way.
General Motors gained as much as 8.9% to a record high on Tuesday. The gain comes on news that its autonomous vehicle subsidiary, Cruise, is receiving a large investment from Microsoft. Microsoft joins a number of companies in a $2 billion funding round for Cruise. Tuesday's price is a record-high for GM since it emerged from bankruptcy at the end of the Great Recession. The partnership will accelerate the commercialization of self-driving vehicles. It brings together the two companies' software and hardware engineering expertise, cloud computing capabilities, and manufacturing knowledge.
Win McNamee/Getty Images Tesla's services business could be worth more than all of its car sales by the end of the next decade, Morgan Stanley said last month. The bank estimates autopilot, insurance, energy, and everything else to be worth about 53% of a new street-high target price of $540 by 2030. Investors should also consider comparing the company to other services companies, like Apple, Tinder, Roku, and video game makers, the analysts said. Visit Business Insider's homepage for more stories.