💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

GM completes production of 130 Bolt self-driving cars

Published 06/13/2017, 10:40 AM
© Reuters. FILE PHOTO - The sign at a Chevrolet General Motors store is seen at a dealer in Lakewood
GM
-
F
-
GOOGL
-
TSLA
-
GOOG
-

(Reuters) - General Motors Co (N:GM) said on Tuesday it has completed production of 130 self-driving Chevrolet Bolt electric vehicles at its Orion assembly plant in Michigan.

The carmaker expects to deploy the vehicles within the month in San Francisco and Scottsdale, Arizona, with its ride-sharing affiliate Lyft Inc, after a final test in Michigan, according to a company representative.

GM began producing the Bolt test vehicles at the Orion plant in January, and expects the self-driving test fleet to grow to 180.

Detroit-based GM joins a list of companies aggressively pursuing automated vehicle technologies. These include Ford Motor Co (N:F), Uber Technologies Inc [UBER.UL], Tesla Inc (O:TSLA) and Alphabet Inc (O:GOOGL)'s self-driving car Waymo unit.

© Reuters. FILE PHOTO - The sign at a Chevrolet General Motors store is seen at a dealer in Lakewood

GM shares were marginally down at $34.35 in morning trading.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.