🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Toyota, Aurora test-drive autonomous ride-hailing fleet in Texas

Published 03/23/2022, 09:06 AM
Updated 03/23/2022, 05:10 PM
© Reuters. FILE PHOTO: The Toyota logo is seen at its booth during a media day for the Auto Shanghai show in Shanghai, China, April 19, 2021. REUTERS/Aly Song/File Photo
GOOGL
-
TM
-
GOOG
-
UBER
-

By Hyunjoo Jin

SAN FRANCISCO (Reuters) - Japan's Toyota Motor (NYSE:TM) and Aurora Innovation Inc, a U.S. developer of automated driving systems, have started testing autonomous ride-hailing fleet in Texas, with two safety operators and no passenger on board, Aurora said on Tuesday.

Toyota's Sienna minivans, retrofitted with Aurora's self-driving system, will be tested on highways and suburban streets in the Dallas-Fort-Worth area, with the operation including trips enroute to an airport.

Autonomous vehicle startups are under pressure to generate meaningful revenue from billions of dollars of engineering investment, but scaling up the fleet is a challenge as technological hurdles remain.

"The route showcases Aurora's ability to safely operate at highway speeds, a key technical differentiator that allows it to prioritize popular and lucrative rides," the U.S. company said in a statement.

Aurora's rival Waymo charges passengers of its driverless minivans for rides in limited suburban areas in Phoenix, and airport pickups are not available https://www.reuters.com/article/alphabet-waymo-idCNL1N2R80CD.

Waymo said on Monday it is ready to deploy driverless vehicles in the densely populated San Francisco city, without giving a timeframe for the launch.

© Reuters. Toyota and Aurora start testing an autonomous ride-hailing fleet using Sienna minivans equipped with Aurora's self-driving system in Texas, U.S., in this handout picture released on March 23, 2022. Aurora/Handout via REUTERS

Aurora, led by Chris Urmson, a former head of Google (NASDAQ:GOOGL)'s self-driving car project that has since become Waymo, said it plans to continue adding vehicles to the fleet in preparation for commercial launch on ride-hailing networks such as Uber (NYSE:UBER).

Aurora bought Uber's autonomous vehicle unit ATG https://www.reuters.com/article/us-uber-atg-idUKKBN28H2RXin 2020 while the ride-hailing giant had acquired a 26% ownership interest in Aurora.

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.