Most of the world’s vehicle manufacturers and a number of current and future suppliers continue to pursue the development of autonomous vehicles. On August 24, 2016 we posted a blog, “Autonomous Vehicles,” that summarized progress and outlined the classification system for defining the differences between levels of automation. Much has transpired in the last eight years, but motor vehicles generally still require active driver participation 100% of the time.
Going forward, investors should expect an increase in autonomous vehicle testing. However, this increased activity may be accompanied by questionable claims and an absence of solutions to material road blocks, such as the question of liability in the event of an accident. You can’t sue a car.
All comments and suggestions are welcome.
Walter J. Kirchberger CFA
