GM’s Claim for Self-Driving Cars Is a Plunge in Accidents

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
GM’s Claim for Self-Driving Cars Is a Plunge in Accidents

© Thinkstock

General Motors Co. (NYSE: GM) makes constant announcements about its self-driving cars, just like the rest of its competition in that field. The most recent is that its driverless cars will eliminate “human driving error,” which its management says causes 94% of crashes. In turn, that reduces injuries and fatalities.

That is, if the technology works well and the government approves it.

GM recently released its “2018 Self-Driving Safety Report,” a 33-page collection of statistics, graphs and charts. Among the most prominent comments in the report:

General Motors’ mission is to bring our vision of a world of zero crashes, zero emissions and zero congestion to life. Safely developing and deploying electric self-driving vehicles at scale will dramatically change our world.

In most ways, it is similar to promises from many car manufacturers and technology companies that want to change the future of how people get from one place to another.

[nativounit]

At the core of the description of all self-driving technology is the vehicle’s “brain.” It supposedly eliminates all the decisions made by the mistake-prone human brain. As a matter of fact, it makes the use of that brain irrelevant, as with artificial intelligence products and services that have started to be the leading edge of the future. Self-driving technology is a first cousin of Amazon’s Alexa-based products, which recognize the human voice and turn commands into actions. Eventually, humans simply will walk from one task to another without the need to do much more than watch technology’s ability to master things that were once critical to daily life.

Another GM announcement showed that its vision is fairly far off, which means humans will get to drive their cars awhile longer. Management said:

General Motors filed a Safety Petition with the Department of Transportation for its fourth-generation self-driving Cruise AV, the first production-ready vehicle built from the start to operate safely on its own, with no driver, steering wheel, pedals or manual controls.

The government has become a wedge, albeit a temporary one, between GM and its future. Technology has not solved that problem.

[wallst_email_signup]

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618