Autonomous driving a “long, long way off”, says Volvo

AutoExec Summary
Volvo’s global chief, Jim Rowan, believes that widespread autonomous driving is not on the horizon, but rather, the core tech competency in artificial intelligence and machine learning will be the driving force behind Volvo’s future value. He emphasizes that regulations will continue to hinder the adoption of fully autonomous vehicles for the foreseeable future. Despite this, Volvo remains focused on developing their own software for autonomous driving systems, viewing it as a core competence and competitive advantage. Rowan predicts that differentiation in technology will be key to driving shareholder value in the automotive industry in the coming years. The CEO of Volvo believes that widespread autonomous driving is not likely to happen in the near future, but he emphasizes that the core technology capabilities of a car company will be crucial for driving future value.

Brands mentioned: Volvo, Volkswagen Volvo, Tesla, Mercedes-Benz, BMW, Audi, Ford, Toyota, General Motors, Volkswagen