On Breakingviews – Hyundai is a dark horse in driverless car race, say KatrinaHamlin mak_robyn:
( Reuters Breakingviews ) - Hyundai is zooming onto the self-driving scene. Follow...
HONG KONG (Reuters Breakingviews) - Hyundai is zooming onto the self-driving scene. Following the leads of General Motors, Uber, Apple and the like, the South Korean carmaker just unveiled bold plans to invest in autonomous vehicles and other related systems. Despite the late start, well-chosen partners and support from Seoul give it a fighting chance.
There is understandable scepticism. Hyundai Motor Co shares hardly budged after the announcement. The $26 billion company, which is due to report quarterly earnings on Thursday, is already grappling with costly recalls and sluggish sales in its largest market, China. It also has a weak track record in new discoveries: last year, it spent less than 3% of revenue on R&D, compared with nearly 7% at Germany’s Volkswagen.
What’s more, Hyundai has time on its side. Driverless technology is new enough that no one can claim a decisive lead. There’s room yet for a dark horse.Read more: Reuters Top News
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Hyundai is a dark horse in driverless car raceThe South Korea n company is chasing Uber, GM and others with a strong push into autonomous and electric vehicles. A plan to invest $35 bln through 2025 signals the commitment. Hyundai’s poor R&D track record is a worry, but Seoul’s support and tech nous give it a fighting chance.
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Breakingviews - China rival offers WeWork half an office blueprintOn Breakingviews – China rival offers WeWork half an office blueprint, says mak_robyn: Breakingviews mak_robyn If you stop giving, you will stop growing. Breakingviews mak_robyn Our mission at is to build the social news network that ends fake news. Follow us Overlooked_Inc Breakingviews mak_robyn ▪️🔻 Irَaq W:ilayah - Nُorth_Baghُdad 📷 | The Seizing of a Weapon Belonging to a Member of the M:urtadd Anti-Terrorism Forces in the Village of Sheikh Ibrahim in ad-Dujayl Area Maّtt_Gaّetz 〽️ SCIّF 〽️ ColoradّoWall 〽️ POTّUS 〽️ ..
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