Mary Barra Says G.M. Is ‘on Track’ to Roll Out Autonomous Vehicles Next Year (11-1-18)

Mary Barra spoke to Andrew Ross Sorkin at the Dealbook conference. CreditCreditMike Cohen for The New York Times.

Mary T. Barra, the chief executive of General Motors, said the company is “on track” to roll out a ride-sharing service in 2019 that would rely on autonomous vehicles, a development that would advance the already-heated race to bring a self-driving car to market.

“We’re on track, with our rate of learning, to be able to do that next year,” Ms. Barra said at DealBook’s Playing for the Long Term conference. She added that the company had a strategy to show how its vehicles are safer than human drivers. The vehicles can currently run safely at speeds of up to about 30 miles per hour, and the service will be limited to a small geographical area, Ms. Barra said.

(Check out the latest from the DealBook conference.)

She did not say where the service would operate but noted that the company has been testing in San Francisco.

Read Full Story Here (via The New York Times)

General Motors Jumps Into Peer-To-Peer Car Sharing (7-24-18)

Helen H. Richardson | The Denver Post | Getty Images. A Chevy Volt and a GMC Acadia, parked on Little Raven Court, are available for car share through a new app from Maven in Denver.

Looking to make money renting out your car or truck?

General Motors thinks a lot of people are interested in making cash off their car, which is why the automaker announced Tuesday it is launching a peer-to-peer car-share business.

The business will operate under the company’s Maven brand, which already has a more traditional car-share business in several cities and more than 150,000 users.

For GM, expanding into peer-to-peer car sharing is the latest move to develop new revenue streams and business lines to complement the company’s core business, which is selling new vehicles.

Read Full Story Here (via CNBC)